Africa's Investment Future Depends on Its Diaspora with Kanessa Muluneh

Brent Peterson sits down with Kanessa Muluneh , the founder of Nyle Investment Group , to discuss what it really takes to build businesses and invest across the African continent. From navigating trust issues and cultural differences to launching a gaming company and a vitamin brand, this conversation covers the rewards and realities of emerging market investment. Whether you're a business owner exploring international expansion or a member of the diaspora considering a return to your roots, this episode delivers practical wisdom you won't find in a textbook. Key Takeaways Africa offers significant ROI, but requires serious due diligence. Kanessa stresses that the returns on investment across African markets can be substantial, yet the risks are equally real. Working with the wrong professionals or skipping proper vetting can lead to financial loss. PR and marketing expertise can transform small businesses. Kanessa's first investment involved trading her marketing skills for equity in a small plumbing company. That trade turned into a thriving business and sparked her career as an investor. The diaspora plays a critical role in Africa's economic growth. Nyle focuses on investing across the continent while encouraging Africans abroad to do the same, because many diaspora members have spent years building knowledge and seeing how strong economic systems work. Trust and local representation matter, but they can work both ways. In several African markets, consumers distrust locally made products by default, which creates a frustrating barrier for entrepreneurs building high-quality goods on the continent. Cultural intelligence is non-negotiable for market entry. Understanding how business gets done in a specific region requires more than speaking the language. It requires grasping negotiation styles, social dynamics, and local expectations. About Kanessa Muluneh Kanessa Muluneh is an Ethiopian-born, Netherlands-raised serial entrepreneur and investor currently based in Dubai. She has launched six businesses, selling four of them for a combined sum of over US$9.5 million. After building and scaling ventures across Europe, Muluneh returned to African markets with fluency in Western systems and an on-the-ground understanding of how business operates on the continent. That perspective now anchors Nyle, a pan-African investment firm connecting diaspora capital to scalable African businesses. She is also the founder of Mulu, a family lifestyle brand spanning more than 15 countries, and she shifted from medical studies to business early in her career, even Chapters: 0:00 Introduction and Meet Kanessa Muluneh 0:45 From Medical School to Building Businesses 1:24 The Free Joke Project 2:35 How Kanessa Started Investing in Africa 5:00 Business Mistakes and Lessons Learned 6:13 Why Africa's ROI Is Worth the Risk 7:18 Selling Into India and Asian Markets 8:35 Negotiation Culture and Pricing Psychology 10:10 Selling Services Into Developing Countries 11:14 Local Representation and Trust Issues 13:21 Building a Vitamin Brand for Africa 14:15 Rise of Fearless and the Gaming Industry 17:50 Cultural Differences in Business Communication 20:21 Bridging Cultural Gaps as a Diaspora Investor 22:30 Ethiopia as an Investment Market 24:40 Shameless Plug and Final Advice 26:00 How to Connect with Kanessa Connect with Kanessa on LinkedIn: Follow Kanessa on Instagram: or This has been produced in cooperation with Content Cucumber Follow Talk Commerce on your favorite platform: YouTube: Bluesky: Apple Podcasts: Spotify: Twitter: @talkingcommerce LinkedIn: Facebook: Website:

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Africa's Investment Future Depends on Its Diaspora with Kanessa Muluneh is an episode from Talk Commerce by Brent W. Peterson.

This episode is 23:18 long.

This episode was published on Jun 2, 2026.

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