Formerly with the British Army, Kenya-based 4G Capital CEO Wayne Hennessy-Barrett speaks about investing in artificial intelligence and fintech in Africa.&nbsp; 



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CEO of a financial technology credit provider. How did that happen? 



I moved into tech and financial inclusion after a career in
the military, followed by a period of consulting. As an Infantry Officer in the
British Army, I saw extreme suffering and poverty in Bosnia, Macedonia, Kosovo,
Iraq, Afghanistan and elsewhere.&nbsp; 



In all these places, there were highly capable people who
had lost their businesses, homes and, often, entire societies. 



They didn’t need more war. What they needed was investment
and the opportunity to grow their communities in peace.&nbsp; 



This affected me deeply and was, ultimately, the reason I
left a military career to try to create positive value. 



I wanted to directly address the problems that caused these
conflicts: exclusion, injustice, ignorance, fear and a lack of opportunity.



What makes your credit products unique for Africa’s informal market sector? 



We design, execute and iterate around our clients’ needs.
Credit alone can be highly risky for all parties; we work hard to right-size
our loans, and optimize the term and price-point to really boost our customers’
business. 



If we can’t provide the right solution, then it’s important
to be honest and wait until there is a fit, rather than just lend and risk that
business getting into trouble.



What is the investment climate in Africa and how are you invested in the continent?



There are great returns to be had if businesses solve
customers’ problems on terms that work for them. I am 100% invested in our
operations in Africa. But the African investment climate has its own particular
characteristics: business models and execution teams have to be resilient,
innovative and robust, and deals will often be smaller than in other markets.
Investors need to be as savvy and adaptive to opportunities as entrepreneurs.



Your most regrettable financial decision and lessons learned?



I’ve been extremely fortunate up until now. I took a
position on gold in late 2012, believing that quantitative easing in the west
would lead to strong prices in physical assets. This wasn’t the case, and 2013
began with some huge exits on the gold market which crashed prices for some
time.&nbsp; The lesson is that markets run on
sentiment as well as logic, and you have to respect this.



What do you spend your money on mostly? 



I believe in investing in quality, whether in a business capacity,
or in great life experiences.&nbsp; I love
traveling with my family to amazing places and having really special times
together.&nbsp; 



I’m afraid I’m also a total geek – I love tech and gadgets,
but as long as they’re useful and don’t gather dust, I can justify it!&nbsp; 



How do you stay financially disciplined?



I didn’t have a lot of money growing up. I was raised by a
single mum who worked incredibly hard to try to give her kids the best chance
in life. It’s a very common experience echoed by about 80% of our customers. I
reflect daily on how lucky I am. I believe in making money, putting it to good
work, and enjoying the journey. Living within your means is pretty important to
achieving this.



What is the most you would invest in Artificial Intelligence (AI) and why? 



AI is both fascinating and immeasurably important. We all
need to be active investors here to make sure it goes in the right direction.
We have it in our power to design and utilize AI for the betterment of
humanity, but these must be designed responsibly from the outset. 4G Capital is
continuously evolving its AI to protect the individual and the values that
build healthy societies. Our 6% NPL (non-performing loan) rate is under half
the continental average in Africa, and a strong indicator of the overall
financial health of our client base.



What are your investment decisions for the future?



Any investment is based on a better return for the future.
We, therefore, cannot and must not invest in anything which threatens that
future. I am very keen on the greentech/cleantech sectors as well as financial
inclusion. Keeping a balanced portfolio between hard assets, longer term plays
and cash is always wise.

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‘Putting Money To Good Work’