Connecting Africa's Early Stage Investors
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Celebrating New Early-Stage Deal Activity In Africa 

Dear ABAN Member,

It has been another good week for the African early-stage investor community, with Nigerian based start-up - Jumia - being announced as the first African start-up to be listed on the NYSE (albeit headquartered in Berlin) and French President Emmanuel Macron announcing France's pledge of $2.8 billion to invest in African SMEs.

Behind the scenes, work on the ground too has been fruitful as we celebrate another series of investments made by local African investor communities. These investments (led by local investors who understand the value that local entrepreneurs bring to local clients) continue to build Africa from the ground-up, supporting one entrepreneur at a time.

Scroll down for more on the latest deal activity in Africa's early-stage investor ecosystem.

Celebrating the launch of the Dakar Network Angels

The Dakar Network Angels #DNA celebrated their inaugural meeting this weekend. Team ABAN was proud to support and have ABAN Founding President Tomi Davies host an investor masterclass. During the launch, #DNA announced their first startup to receiving funding and mentoring: Colabi 'Reinventing Garbage Collection'. The launch of DNA again highlights the newfound momentum in Francophone Africa.
Renewing Europe’s Partnership with African Start-Ups

In recent years we have witnessed renewed (new found) interest from European leaders in working with their African counterparts - including in the support of promising startups. Several new programs and funds have been announced in 2019, including that of the French government (by way of Proparco) featured above.

In alignment with this cooperation, albeit on a slightly smaller scale, ABAN is pleased to announce its renewed partnership with The Austrian Angel Investors Association (AAIA). The partnership was formalised by the signing of a cooperation agreement last week by Hansi Hansmann (President, AAIA) and Tomi Davies (President, ABAN).

With this new agreement, the partnership between ABAN and AAIA will be strengthened, facilitating broader cooperation to jointly work on new programs, meetings and events. 

Pitch@Palace: Africa's Lady-of-Tech, Rebecca Enonchong

7th March 2019 saw this year's edition of Pitch@Palace - an initiative founded by the Duke of York in 2014 to provide a platform to amplify and accelerate the work of Entrepreneurs. This year, Africa’s Lady-of-tech and ABAN Co-Founder, Rebecca Enonchong represented the African investor community, connecting with CEOs, entrepreneurs, influencers, Business Angels, and mentors from all over the world.

More info on Rebecca Enonchong, read this article: “A Heavyweight in African Tech.
Must-Read: A Playbook for Raising Capital in South Africa.
While Venture Capital is a recognised asset class in many countries, it is still an emerging industry in SA with few (but increasing) VCs around that have limited funds to deploy. Leading South African early-stage investor Keeyt van Zyl writes "local entrepreneurs seeking risk-funding must therefore get resourceful to increase their VC funding chances" in his Playbook For Raising Venture Capital In South Africa - a must read for anyone involved in SA's early-stage investor ecosystem!
Nigerian SSE Angel Network Makes First Set of Investments 

The SSE Angel Network made its first set of investments earlier this month in two local startups: Alphotazi Farms to build modular processing plants for cassava, and solar panel equipment manufacturer Greenage to automate production.

SSEAN was set up by a group of professionals to invest in, mentor and support startups in the South/South-East regions of Nigeria. Reflecting on the investment, Crestsage Ltd CEO, Charles Emembolu said, "the teams are solving global problems with local resources and will scale with the right support, mentoring and a more inclusive ecosystem.” 

Connect with the ABAN Team in 2019
As we continue to roll out plans for 2019, we look forward to meet, share and collaborate with like minded investors from around the world representing Africa's early stage investor community, and promoting the African opportunity at the following events:
Francophone Investors Summit, Mali
FAIS serves as a platform to connect the most promising francophone African entrepreneurs with investors, with the objective of creating an ecosystem for Francophone African startups and ventures. 28 - 29 Mar 2019.
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African Women In Technology, Lagos
Join women in Lagos to explore 'The Techazon Within Nigeria', a conference designed to connect, educate and empower women who are determined to advance their tech careers. Nigeria, Lagoc. 29 - 30 Mar 2019.
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Tunisia Digital Summit et afric'Up, Tunis
This event is dedicated to the digital transformation of business and the economy, and responds to the urgent need to discover and monitor latest innovations in disruptive technologies. 2 - 3  April 2019.
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Seedstars World Summit, Lausanne
The Seedstars World Summit showcases the most promising startups (the unicorns-to-be) and key tech trends from Africa, Latin America, Asia, Middle East, and Central/ Eastern Europe. 5th April 2019.
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Africa Works! 2019, Rotterdam
The flagship event of the Netherlands-African Business Council, Africa Works! is a biennial conference organized to position and promote the African continent as a valuable trade & investment destination. 8-9 Apr 2019.
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Startup Investment Conference, Benin
The ESSIC will bring together 100 stakeholders from the public and private sectors who have an interest in the issues of seed investment, business development and economic growth in Benin and Africa. 9 - 10 Apr 2019.
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East Africa Com 2019, Nairobi
East Africa Com is an influential place for telecoms, media, broadcasting and technology leaders to connect and share ideas. The hottest topics in the industry are explored in this two-day conference. 14 - 15 May 2019.
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Viva Technology 2019, Paris
VivaTech is the world’s rendezvous for startups and leaders to celebrate today’s innovations and tomorrow’s possibilities. It’s a gathering of some of the world’s brightest minds, talents, & products. 16 - 18 May 2019.
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EBAN Annual Congress 2019, Helsinki
The EBAN Annual Congress is one of Europe’s largest and most international business angel events hosted by EBAN in cooperation with its key partners. It promises to offer a pool of new ideas and trends. 3 - 4 June 2019.
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We're immensely proud of how the support of African entrepreneurship is growing and are excited to hear more success stories. 

Be sure to connect with us at one of the events listed above. 

On behalf of the ABAN team,
David van Dijk .
ABAN, Director General

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