Sramana Mitra: My last trend question is B2B versus B2C. It sounds like it’s largely a B2C entrepreneur pool. Eghosa Omoigui: Actually, it’s the other way around. That has some correlation with the difficulty of access to capital. What you find is that more entrepreneurs are entering businesses where their path to revenue is much
Eghosa Omoigui: Education is a very significant issue. These markets are growing very quickly. Nigeria is adding 26,000 babies every day. Education and how you create a pathway to households is a key part of this. We invested in a company called Kukua, which is based out of Nairobi. What they built is a platform
Eghosa Omoigui: We have four investment thesis that we’ve talked about internally, but this is the first time we’re sharing them outside. One of them is that there is a recognition that in many submarkets in Africa, almost all economic activities are offline. It continues to be offline. There was a very large opportunity, in
Eghosa Emoigui: I decided that it made sense to look at those emerging markets. I ended up picking Southeast Asia and Sub-Saharan Africa, in part, because they felt very highly-correlated. You had very similar signals in these markets that suggested they would evolve. I went out to those two markets. I had no luck, because
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Eghosa Omoigui was recorded in May 2019. Eghosa Omoigui is Managing Partner at EchoVC Partners, a firm focused on the African market. This is a fascinating discussion about African startups and venture