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Gambia Now Has The Latest Angel Investors Network in Africa

August 1, 2019

More investment in the Gambian startup ecosystem is expected. A new angel investors network is currently in place in the Gambia. So, expect more funding for Gambia startups.

Here Is The Deal

The Gambia Angel Investors Network (GAIN) launched on July 20 with a pitch session and a masterclass on angel investing delivered by its new managing director Adrame Ndione and Tomi Davies, president of the African Business Angel Network (ABAN).
In the latest West African angel investor network launch, following those in the likes of Mali, Benin, and Senegal, GAIN is bringing together between 10 and 15 local investors who have committed to providing funding to between eight and 12 early and growth-stage startups and in The Gambia each year.
The network aims to provide ticket sizes of between US$20,000 to US$300,000 and help develop the nascent Gambian startup and investment ecosystem by empowering hubs, incubators, and accelerators and providing an entry point for international investors and diaspora interested in investing the country.

Most Active Seed Stage Investors

When pitching, an important point is to be pitching so as to reach to those who are most likely to fund your type of round. The most active investors in seed rounds during the past 3 months are:

Startup-Chile

Hiventures

Crowdcube

Plug and Play

Innovation Works

500 Startups

Innova Memphis

Entrepreneurs Roundtable

Berkeley SkyDeck Fund

Quake Capital Partners

Top Early Stage Investors

For those, going for early-stage funding, consider these active players:

IDG Capital

New Enterprise Associates

Sequoia Capital China

Accel

Y Combinator

ZhenFund

Sequoia Capital

Matrix Partners China

Intel Capital

Index Ventures

Most Active Late-Stage Investors

Interested in looking for a Series B or anything above for a growth stage round, the following firms have been the most active globally.

Sequoia Capital

Tencent Holdings

Insight Venture Partners

Bpifrance

Goldman Sachs

Bessemer Venture Partners

New Enterprise Associates

Khosla Ventures

Andreessen Horowitz

Sequoia Capital China

These Investors Have Been The Most Active In Africa, Whether Early, Middle Or Late Funding

Click here to view the list of good investors in African startups.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based Lawyer with special focus on Business Law, Intellectual Property Rights, Entertainment and Technology Law. He is also an award-winning writer. Working for notable organizations so far has exposed him to some of industry best practices in business, finance strategies, law, dispute resolution, and data analytics both in Nigeria and across the world.

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Engen Ghana adds new station to existing network at Ayikai Doblo

July 22, 2019

Engen Ghana Limited, one of the leading players in the petroleum downstream sector has opened a new station to its existing network of 22 stations nationwide. The station is located in Ayikai Doblo, a suburb of Amasaman in the Ga West municipality and operates a 24-hour service delivery for fuel.

Mr. Henry Akwaboah, MD, Engen Ghana in a statement, said that this latest addition to the network was an assurance to customers that the company was here to stay. The company’s mission is to act more responsibly by ensuring that there are the right skills set of forecourt staff.“With the right skills and knowledge, customers will be better served at this new station and have value for money spent on fuel and lubricants,” he explained.

He said as an international brand, Engen goes the extra mile to produce only the best fuel and lubricants. Ms. Nana Ama Larbie, Retail, and Property Development Manager, at Engen, said the Engen Dynamic Diesel and Primax Super have been purposely produced with the vehicle engines in mind to protect, clean and maintain the engine. This is available at all Engen Service Stations across the country.

“At Engen, we are committed to selling high-quality fuels and lubricants to our customers and the consuming public. We are mindful of the harmful effects of low-quality fuels on vehicles, equipment, and the environment hence, our supply and distribution processes ensure quality assurance right from the loading depot until delivery at our service stations and bulk consumer facilities,” she intimated. He said: “Engen Ghana Limited hopes to continuously improve and expand to meet the needs of their patrons nationwide.”

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.