Kenya's high-tech ecosystem leaves investors cold

Safaricom CEO Bob Collymore

Kenya’s technology rush gave hope that new ideas would help millions of Africans use their mobile phones to circumvent poor infrastructure but local start-ups are failing to draw major investors or make profits.

Lack of talent, problems in attaining seed capital and ideas that cannot be sold to a mass market or easily monetised have so far held back hundreds of Kenyan start-ups.