Tuesday 12 August 2014

Ugandan to set up African Kickstarter.

Ugandan Andrew Rugasira has intimated that he wants to set up a
kickstarter kind of platform for Africans who want to set up social
enterprises. Mr. Rugasira is famed for his coffee brands, which are
exported to the EU, and has supported thousands of farmers through his
coffee factories. Mr. Rugasira plans to use the mobile payments
platform, MPESA, as a form of payment. Kickstarter has funded mostly
American causes, although a Kenyan innovation, BRCK, managed to raise
170,000 dollars on the platform recently, before securing a 1.2
million dollar venture capital funding. With a kickstarter kind of
model, more African entrepreneurs will be able to raise more money for
worthy social causes around Africa.

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