Angel Fair Africa - Afrikan Heroes

The Angel Fair Africa Gets a Boost as Forty-three African Investors Sign Up

November 4, 2020

Efforts to engender Africa focused angel investment platform received a boost as the 8th Angel Fair Africa (AFA) coming up tomorrow has got the support of 43 leading global investors from Africa, Europe, US and the Middle East signing up to participate. The AFA is an event that brings accelerators, incubators and emerging businesses together from Africa to pitch ideas and for entrepreneurs to secure deals with possible investors.

The investors that are participating in the virtual AFA are from Angel Africa List (AAL), Africa Venture Capital and Private Equity Association (AVCA), America Capital Association (ACA), Women-In-Capital (WIC), Viktoria Business Angel Network, Brightmore Capital and more. Funding is received from Asime Partners and the MSM Property Fund in support of the investors who decided to participate.

In an official press release, Sewu-Steve Tawia, managing director of Asime Partners, explains that AFA is determined to get investors together despite the global pandemic the world is facing,

“We have followed the momentum developed by the event despite the COVID pandemic and are happy to help bring the investor community together for what promises to be the best of its kind event in a virtual environment”.

Ten ventures have gone through the one-month African Virtual Accelerator (AVA) which brings African entrepreneurs, businesses and partners together to virtually learn from each other through theory, practicals and assignments. The 10 selected ventures are provided the opportunity to pitch their innovations to the investors participating in the AFA.

In addition, the selected ventures are supported by Google, Impact Hub Dakar, CTIC Dakar, MEST Africa, StartupBootcamp Africa, Viable, Adei Institute and iHub.

The current selected ventures that will be pitching this year are:

Kalpay directed by Ibrahima Kane

ShopMeAway led by Racine Carr

AgroInnova, which is guided by Amos Narh

Kladika by Muthoni Mwangi

Gift Pesa which is led by Pamela Muriuki

Ejoobi managed by Simangele Mphahlele

Kweza by Ropafadzo Musvaire

Afrijob Network led by Harriet Kariuki

Curacel by Henry Mascot

Adi&Bolga led by Abimbola Oladeji.

Racine Sarr, CEO of ShopMeAway, comments in an official press release on the structure of the AVA programme and the impact experts had on the venture.

“Focused and well structured! AVA program made me go through all vital parts of my business again but this time with the help of world-class experts. Unlearning and re-learning super-fast, October has been more hot than usual. Thank you, AVA.”

Abimbola Oladeji of Adi&Bolga explains her excitement to pitch to investors and provides insight into the African Virtual Accelerator. “AVA was a truly intense month-long accelerator experience, packed with lots of learnings and insight delivered by mentors with diverse backgrounds in the startup ecosystem. I’m grateful to have been selected to be part of this cohort and I’m excited for pitch day next week”.

Musi Skosana, CEO of MSM Property Fund speaking on the noticeable presence of female entrepreneurs in the investment space said that “the increased participation of female investors and entrepreneurs in the event signaled a welcomed change in the state of affairs regarding gender parity and the beginning of a new era of female entrepreneurship”.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

The Eighth Edition Of Angel Fair Africa To Bring Together 43 Investors From Africa And Beyond

November 3, 2020

On November 5, 43 leading investors will take part in the eighth edition of Angel Fair Africa (AFA). They are from Africa, Europe, the United States and the Middle East. Their role within the virtual event is essential because AFAs are dedicated to funding startups and innovation.

It is a platform that brings together accelerators, incubators and emerging companies from Africa. The founders of the latter have the opportunity to present their ideas concisely, with the aim of attracting the interest of potential investors. Those for this year are from the Angel Africa List (AAL), the Africa Venture Capital and Private Equity Association (AVCA); from Women-In-Capital (WIC), Viktoria Business Angel Network, Brightmore Capital and more.

“We have kept up with the momentum developed by the event despite the Covid pandemic and are happy to help bring together the investment community for what promises to be the best event of its kind in a virtual environment,” Sewu explained. -Steve Tawia, Managing Director of Asime Partners, one of the organizations responsible for receiving funds. His words reflect the determination of the event’s organizers in accomplishing their mission.

Angel Fair Africa is a Chanzo Capital event that brings selected African entrepreneurs to pitch to a room of curated investors with the intent of doing deals.
The event which started in 2013 has resulted in $23M worth of investments in the KINGS countries of Kenya, Ivory Coast, Nigeria, Ghana and South Africa.

Ten startups will be at the center of AFA 2020. They benefit from the support of Google, Impact Hub Dakar, CTIC Dakar, MEST Africa, StartupBootcamp Africa, Viable, Adei Institute and iHub. They are:

Kalpay led Ibrahima Kane
ShopMeAway run by Racine Sarr
AgroInnova led by Amos Narh
Kladika directed by Muthoni Mwangi
Gift Pesa led by Pamela Muriuki
Ejoobi led by Simangele Mphahlele
Kweza led by Ropafadzo Musvaire
Afrijob Network led by Harriet Kariuki
Curacel led by Henry Mascot
Adi & Bolga directed by Abimbola Oladeji.

To know about the event, click here.

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