Angel Investing In Africa Summit Eyes New Generation Of African Entrepreneurs

Written by Dana Sanchez

Angel investors from Egypt, the U.S., Ghana, and elsewhere are expected to attend an angel investment summit in September in Nigeria, where they’ll have a chance to exchange best practices, share lessons learned and discuss the future.

‘The African Opportunity: Angel Investing in Africa” Investor Summit is planned for Sept. 23 at DEMO Africa 2015 in Lagos.

The summit was announced today by the African Business Angel Network, Lagos Angels Network, DEMO Africa and VC4Africa at the 2015 Annual Conference of the European Trade Association for Business Angels, Seed Funds and Early Stage Market Player, TechCabal reports.

The Angel Investing in Africa Summit will give investors a chance to get familiar with an increasing number of cross-border enterprise initiatives being developed by a new generation of African entrepreneurs, said Tomi Davies, president of the African Business Angel Network.

The African Business Angel Network was formed following the 2014 Investor Summit at DEMO Africa, VC4Africa reports. Experts from InfoDev, the WorldBank, and African Development Bank are expected to attend. Ingressive is leading a delegation of U.S. investors to the summit. The European Trade Association for Business Angels, Seed Funds and Early Stage Market Players is also expected to attend.

“As a growing number of investors from across the continent achieve success, so does our ability to support new generations of entrepreneurs coming up,” said Ben White, CEO of VC4Africa, in a press release.

VC4Africa is the largest online community of venture capitalists, angels and entrepreneurs dedicated to building businesses in Africa, according to a Forbes report. Founded in 2008, the platform has raised more than $27 million from investors to date by connecting promising African entrepreneurs with the capital, knowledge and networks they need.

VC4Africa has 17,000 members and 2,500 registered companies. Some African startups that have raised funding through its platform include Kiro’o Games, Karibu Solar, Soko, and Njorku, Forbes reports.

The summit is an opportunity for angel investors to network with African opinion leaders in the early stage investment arena, Davies said. It’s also a chance to check out the “latest investment methods and best practices from sourcing deals through valuation to exits.”

Some of the angel investor organizations expected to attend the Angel Investing in Africa Summit include the Cairo Angels, Lagos Angels Network, Ivoire Business Angels, Viktoria Angels, Ghana Angel Investors Network, Africa Angels Network, Cameroon Angels, and Silicon Cape, according to VC4Africa.