Meet Niti Bhan. International consultant. Marketing strategist. Research manager. And Founder and Chief Curator of “The Prepaid Economy: African Edition.”
In recent years there has been a noticeable emergence of blogs and websites that share the common mission of shining more light on a neglected and misconstrued Africa. Entertainment, sports, politics, and social justices issues are just a few areas that have been highlighted on various multimedia platforms, sharing information and voicing the opinions of Africans and non-Africans alike regarding matters relevant to the continent.
Niti’s contribution, The Prepaid Economy: African Edition, is dedicated to highlighting the advancement of African nations in the field of business, technology, and their economics, with a particular focus on the “prepaid” or rather, the informal economy and its aspirations towards joining the emerging global middle class.
With a growing readership, it’s only appropriate to give her a proper introduction and shed light on the mystery person behind prepaidafrica.tumblr.com. Below is a quick snippet of a question and answer session that will be conducted on Thursday 10:00 am ET/ 10:00 pm GMT+8
Question: What is was your motivation behind starting the tumblr blog
Answer: ”In the fall of 2010, a research project on ‘Innovation under conditions of scarcity’ took me to East Africa for the first time, to Kenya specifically where we were going to do exploratory user research on the ‘jua kali’ or informal fabrication and manufacturing industry. That experience opened my eyes to what was happening in parts of Sub Sahara - I remember feeling a strong sense of imminence, like just before a big storm where you have a sense that something big is around the corner but you can’t see it yet. Africa was on its way, even then it was already in the air in Nairobi.
I began having long talks on skype and twitter and email with my Kenyan friends about this emerging future that I could sense in East Africa yet the mainstream global media narrative was still that of the teeming, poverty stricken, war ridden, hungry eyed black babies that mainstream media splashed as “Africa”.
“How can we change this? We are not global media” was the general feeling at that time yet we were all on social media - blogging and writing and tweeting and talking. I remember telling a particular friend of mine - a very strong and accomplished woman who was CEO of a fast growing software house in Nairobi - that we couldn’t sit around and wait for “someone” to come along and change the narrative for us but we had to change it ourselves in order to see it differently. Until we ourselves saw Africa and Africans and their future and potential differently, nobody else would. Even a lone voice could be found online, I said, and here’s what I’m going to do as my 2 shilling worth.
In January 2011, a friend in Boston offered to publish a series of articles on the Emerging Africa story, if I would write down what I was sensing and seeing. Involution Studios hosted these articles and they very generously followed up with a podcast. It was during the background research for this article series that the this tumblr you’re reading, better known as prepaidafrica, was born.
Today, just over 2 years later, there are over 30,000 of you following this tumblog, we’re listed in the front page of the Business section of Tumblr’s Spotlight directory and we’ve taken on our very first employee - Beulah Osueke, as community engagement manager. You’ll be hearing her story next week.”
If you’re interested in finding out more about Niti Bhan, there will be a question and answer session this Thursday 10:00 am ET/ 10:00 pm GMT+8. Feel free to ask questions about her professional career, seek career advice, or inquire about business, entrepreneurship, technology, and/or trade in Africa.



![It was Vinod Khosla, who bagged a billion at Sun MicroSystems in Silicon Valley, who said, ‘The future is not seen in the rear view mirror.’
I started my journey from Mombasa, spent half my life in the City of London running interest rate trading desks, packed my bags when I turned 40 and returned home in 2005. The Nairobi Securities Exchange quadrupled from 2002 through 2007. I spent two years at the Nation Centre in Nairobi.
In those days, prices were projected onto a screen, Kenya had embarked on a Thatcher-style shareholder revolution and 2m newly minted shareholders were created out of thin air. I rubbed shoulders with folks who had sold their cattle, parlayed the proceeds into a line and were swinging the line like we all did when the Nasdaq boomed in the late 1990s.
The Kenyan economy expanded at 7.1 per cent in Q4 2007, the fastest rate it had achieved since a brief Brazil coffee frost related boom in 1977 and, before then, just after independence in the 1960s.
Cynical sorts – and most of the seasoned Africa hands tend to be hard-bitten – would whisper,
‘It can’t last, it never does’.
I was one of the crazy ones, an Afro-optimist, when it was not very fashionable.
[…]
Last Year, I was in Zurich and it felt a little circular because I had started my career with CSFB many years before and they had sent me to Zurich for my internship. I listened to the Swiss central banker, the chairman of Credit Suisse and a number of other personalities. And when it was my turn to speak, I said: ‘Do you know what the year on year growth rate for Johnnie Walker was in east Africa?’
I answered my own question. It was 74 per cent.
I said, this is a popping over the radar moment. You do not need a McKinsey report to tell you about the emerging African middle class. Africa is a statistical black hole but in that Johnnie Walker data, a very simple truth is distilled. The emergent middle class is here and it is no different from the middle class in Washington, London, Shanghai or Bombay. It has grabbed the attention of Ivan Menezes, COO of Diageo, and his executive committee who swung through Nairobi a couple of weeks ago. In fact, my proprietary foot traffic indicator of global CEOs passing through Nairobi has been flashing green for quite a while now. These folks are not on some kind of Bob Geldof circa Live Aid mission. They are coming because they can smell a profit. The big oil majors have also arrived in a big way. I happen to believe that the eastern seaboard of Africa, from Mozambique through Somalia and all points in between, might well prove the last great energy prize in the 21st century. Did you see that CNPC is set to offer $4b to ENI SPA for just 20 per cent of its offshore gas concession in Mozambique? We sit on a geothermal juggernaut.
East Africa is not about derivatives. Its not about structured notes which require a degree in rocket science to understand. It’s about simple things. It’s about the building blocks.
(via Guest post: Africa’s future is not seen in the rear view mirror | beyondbrics)
Read the rest or follow the author at @alykhansatchu](http://25.media.tumblr.com/60573e0553722e38996d6a64c6276146/tumblr_mjlyrp9YK01qghc1jo1_250.jpg)
