Is Africa the next frontier for Silicon Valley? Despite all the fanfare and media coverage, the venture capital scene in Africa, particularly beyond South Africa, remains nascent.
"This is why we have no electricity, no water," says Alovutdin Sololiev, waving at the broken-down traffic lights as he speeds into a major intersection, asserting a right of way not recognised by other drivers. His gesture extends from the dead signals to the belching little gas generators with rubber hoses, which colonise the pavements like a maze of octopuses stranded on cement. "Nobody wants to stop and figure out rules."