That Dangote grant shows that he has too many “low-quality” people around him. You want to do something good, and it somehow ends up being less than the barest minimum. It shows that it wasn't his idea, and he couldn't really be bothered.
He tasked others who are also less bothered and have minimal interaction with the innovation ecosystem. The cycle of “anyhowness” continues. They are richer by the day and are worshipped by most, so who cares??
Aliko’s relationship with Bill Gates and the lack of impact it has had on local innovation remain the greatest mysteries.
Pierre Omidyar’s philanthropy, combined with targeted interventions by Google, laid the foundation for the software talent stack we have in Africa today. Nothing else sensible was added to it by our wealthy beyond performative acts of charity.
One program that also bothers me is Tony Elumelu’s entrepreneurship initiative. TEP. It is underperforming. A lot of announcements and money have been spent, but there has not been enough impact. I don't think it has been properly run, and it is not his fault. Like Dangote, he has people around him who also do the barest minimum but make the most announcements.
Heirs is a phenomenal institution that I would like to see receive more focus, and they should play a more active role in ecosystem building than Oga Tony’s personal philanthropic activities. Maybe it is all our fault. We have not presented these men with viable ideas for how to do this or with the structure to implement them.
I learned a lot from Edo Innovates about how good intentions can amount to little if you wait for money to come before taking action. Structure first, support next. Both are active, not passive, processes. Jim Ovia and Moniepoint are excellent examples of how to do it. There are many other startups he has supported quietly that are doing great. It is still not enough.
Dangote, Elumelu, Jim Ovia, and others can invest in initiatives that can be white-labeled for their brands and are also very effective. I have seen that with Village Capital’s partnerships and not much else in Africa. We need to do better than criticize them. We can also help them to help us.