Kenya

“There was no such thing as mobile payments. It didn't even exist except in M-Pesa in far off Kenya.”

“Nigeria, Kenya, Ghana, Rwanda, and South Africa are markets that we're targeting just now, but have, we want to break into consumer packaged goods. That's actually like our longer term play.”

“I had to really convince them or even launch without their approval in countries like Kenya or I don't know, or Kazakhstan, because from the European point of view was like, who's going to order food delivery in Kenya?”

“We're trying to build like WhatsApp for money or a global Venmo. You know, we've been building for two and a half years. It's super difficult. You know, you iterate, you keep building, and then, you know, maybe you have a moment. We had a moment last week. We …”

“They were operating in Kenya only allowing you to book a ride if you had a credit card attached. You know how many people in Kenya have a credit card? Less than two percent.”

“We know that people who get advice from AI do better as founders in Kenya, if they were already doing well”

“Six percent of our electricity comes from geothermal. 10% of electricity in Nevada comes from geothermal, conventional geothermal. And there are countries in the world, ah, Kenya notably takes 50% of its national electricity from geothermal.”

“In, in Kenya, for instance, if you get tuberculosis, it has so much social stigma. That a quarter of everyone who gets diagnosed lose their marriage.”

“Today our most popular class is web design skills, and this because in Kenya technology is really evolving, and there's a lot of interest in websites, in software, so codeless web design is the best place for someone to start their journey, especially if they …”

“And in Kenya, Facebook ads are really, really affordable for as low as a hundred and 20 shillings, which is about a dollar. You can run an ad.”

“Our parents kind of going to Kenya and buying that farm. I don't think they expected it, let alone anyone else, and then becoming the world's largest rose cultivator and stuff like that.”

“Nigeria, Kenya, Ghana, Rwanda, and South Africa are markets that we're targeting just now, but have, we want to break into consumer packaged goods. That's actually like our longer term play.”

“The difference is ChatGPT, I think there's two specific things about ChatGPT. One of them is that they just made it open and anyone can plug stuff in. And the other, I think is that they put a lot of effort into content moderation. Like there's like a building…”

“It started as a listed entity around 20 years ago, and since then it has grown its dollar EPS by over 20% per annum.”

“So South Africa would be a more typical US or UK style shareholder list. So often the pension funds are the largest, the big asset management firms are also in the top three, top five, top seven. It's a very institutional heavy shareholder list. Whereas when y…”

“Average U.S. Person uses, you probably know this, but 12 megawatt hours per year, roughly. If we're looking at some of the markets in Africa, we focus a lot on Kenya. Kenya is about a 150 kilowatt hours per year. A little bit above that. You know, you're looki…”

“Kenya's grid is actually about 75% installed capacity is renewable right now, and about 90% of the energy they produce is renewable. A lot of that is because of the focus on geothermal.”

“You have people that were born and raised in Nigeria and Ghana and Kenya who have gone to Silicon Valley and trained at Stripe and Google and Facebook and Amazon and are coming back, and they're coming back Sent to millionaires. They've made hundreds of millio…”

“There are emerging insurance projects out there That are focused on this kind of drilling success coverage. I think it's primarily in Kenya at the moment, where this is being launched in collaboration with some of the DFIs.”

“Back in 2000, I think it was, no, 12, actually, we made a pledge to manufacture as many shoes as we could in the countries that we give in, and today, we're manufacturing over 40% of our giving shoes in countries like Kenya, Ethiopia, India you know, lots of d…”

“The competitive battle is not going to be engaged in North America. It's going to be engaged in Kenya and Mexico.”

“So, you know, if you get your business working in South Africa, the model will work in Kenya, Nigeria. And so a lot of business mistakes are being made from that notion.”

“M-Pesa was partly successful because it sort of ignored all of the Western anti-money laundering requirements and so on. Like you can just have a SIM card and start sending money, right, with M-Pesa in Kenya. You don't need to have a passport and, you know, an…”

“Culture matters, but it matters in silos. What happened is that deep down inside, just because you grew up in Kenya or in another corrupt country, it doesn't mean that you become corrupt as an individual. It just means that culture come and says there are some…”

“Over the course of 10 years, it amassed thirty million users and the population in Kenya is fifty million. So 60% of the population uses this payment system on their smartphone.”

“We have an investment in a company called Branch, and they do small-dollar lending in Kenya, and they get your own PESA data, but also a variety of other interesting signals, like how up-to-date is your Android operating system? And through that, they can buil…”

“Take Branch, the lending company in Kenya. As they start to give more and more loans and build more and more credit scores, they will have amassed enough population on their platform such that you can imagine them becoming the de facto credit bureau and layeri…”

“Where, ah, they do lending in Sub-Saharan Africa in Kenya, Tanzania, and also Nigeria. How do they do that? How do they figure out, do I make a loan to a particular person when there's no information on them? Well, it turns out there's a lot of information sit…”

“But ultimately, back in 2000, I think it was, no, 12, actually, we made a pledge to manufacture as many shoes as we could in the countries that we give in, and today, we're manufacturing over 40% of our giving shoes in countries like Kenya, Ethiopia, India you…”

“We, I, so we now have two companies in Kenya two companies in Nigeria And we're looking at more and more.”