Tag: VC

Safaricom Foundation Launches $500K Tech for Good Fund

Internet, Mobile
Safaricom has set aside Ksh 5om ($500,000) social entrepreneurs out there but to the many who still believe in welfare, this is a great move for them as Safaricom Foundation announces a Ksh 50m fund for social entreprises. VC and PE firms see entrepreneurship as business and every business should make a dime of whatever service it offers. Like economists of the old and markets, VC’s see startups as business that should be left alone to meet demand with their own supply. Innovation has to solve a problem and people have to be willing to pay for that solution if it’s really fitting. Safaricom says the Sh50 million Technology for Good Fund will empower young innovators with the potential to deliver significant and impactful solutions that leverage mobile technologies. “Our overall ai