With the aim of funding entrepreneurs with promising business idea, the first local Angel Investors group, Addis Ababa Angels (AAA) Network has gone operational this week.
“We are excited to announce that we have completed an investment in Across Express. An Ethiopian start up that has embarked on solving the critical freight transport and logistics problem in Ethiopia. Across Express is planning to modernize the freight booking and fulfilment process targeting mid and long-distance trucking.”
“We call upon bold start-ups with an entrepreneurial spirit, a business with a proven product, market fit and a visionary idea to take advantage of the opportunity to work with us,” says The Network’s Founder Shem Asefaw. “We welcome crazy ideas and big dreams and want to help achieve the next big thing in Ethiopia.”
Here Is What You Need To Know
- Addis Ababa Angel group is founded by Shem Asefaw, a serial investor in Canada, Ethiopia & Kenya. Other founding members included Addis Alemayehou, Chairman at KAZANA Group; Henok Assefa Founder at Precise Consult; Adam Abate CEO at PAGA Ethiopia; Joseph Kibur Founder and CEO at YAYA Investment; and Levi Girma Co-Founder at Nest Ventures.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer