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I think a sort of understated factor here was the messaging associated with the company and its lofty mission statement - which seemed like it was to kick off a

by as300 6y ago

I think a sort of understated factor here was the messaging associated with the company and its lofty mission statement - which seemed like it was to kick off a technology movement on the African continent. If you watch the ad in the video they claim to want to "make Africans into global technology thought-leaders" and create an impact that "goes beyond their lifetimes." They tried to brand themselves as an agent for massive social changes when in reality they were just another consulting company - big name investors notwithstanding. If I got fooled by their PR BS I wouldn't be too pleased.

mtgp1000 6y ago
On the other hand they're investing in Africa where I don't believe anyone else is. I don't think opportunities for Africans to learn/practice software development in their native country are very common. Moreover while their salary is low compared to western devs, it's still (apparently? Article not clear) high for Africa, where wealth inequality is extreme, mind you, so their "low" salary probably goes a really long way. I imagine they also hire inexperienced workers, so this sounds like a legit opportunity depending on what they're doing. I suppose the crime here is misleading investors as to the proportion of funds that go to salary...but I don't know what they're doing with the money, and unfortunately they might be passing on more of it than some popular charities. Article needs work perhaps.
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