Pleased to share this first update with you. This is the first official update from ABAN, one of many updates we expect to make in the months and years ahead. At any time, you are able to unsubscribe from these mailings or cancel your membership to the ABAN network.
A Brief History
ABAN started in 2014 when a group of organisations joined forces to create a new not for profit networking association with one goal: Promote a culture of Angel investing across Africa. The founding organisations include Venture Capital for Africa (VC4Africa), Lagos Angels Network (LAN), Cameroon Angels Network (CAN), Silicon Cape, Ghana Angel Investors Network (GAIN) and European Business Angels Network (EBAN). The initiative was supported from the beginning by a number of individual investors: Mutuma Marangu, Valere Twagirayezu, Martijn Blom, Christopher Campbell, Tomi Davies, Rebecca Enonchong, Alexandra Fraser, Baybars Altuntas, Candace Johnson, Ben White and David van Dijk.
ABAN seeks to promote a culture of Angel investing across Africa. There are networks emerging across the continent, but there is yet a conversation in place that connects them. There is a sincere need to collect/develop best practices and to make this knowledge available. To create a resource and contact point for promoting new networks and/or supporting other stakeholders looking to get involved in building the ecosystem. Also to engage private sector investors and to offer some guidance on investing into African borne innovations. In turn, ABAN seeks to further build the industry and improve the climate for startup entrepreneurs.
For clarity, ABAN is an independent organization (registered as a not-for-profit foundation in Mauritius) with its own board and governance. We are pleased to have Tomi Davies as our inaugural president and Rebecca Enonchong as our first Treasurer. The VC4Africa organization (represented in ABAN by Ben White and David van Dijk) supports the secretariat and Alexandra Fraser completes the leadership team. EBAN is a founding partner and strong supporter of the initiative from the beginning. The goal is to get ABAN to a place it can stand on its own feet.
ABAN is a member driven association, otherwise a collection of like-minded individuals. It is in this light, that we look to each other for guidance and support. And at this early stage of our development, it is important we all find a concrete and tangible way to contribute. Indeed, it is in our collective interest to see this network grow and develop over time.
Message From ABAN President Tomi Davies
As a result of discussions at DEMO Africa, which were a follow on of previous discussions highlighting the need for a Pan-African Angel Investment Network, the African Business Angel Network (ABAN) came to life in November last year with the aim of providing a platform for Angel investors, Angel networks, Entrepreneurs and Startups in Africa. Our first initiative as an association is to start an annual summit for Angel investors.
The vision of the ABAN annual summit is to provide a platform for African early stage investors to share investment best practices while becoming exposed to entrepreneurs from across the continent showcasing the latest opportunities for investment. The summit will provide a unique opportunity for accessing the latest investment methods and best practices from sourcing deals through valuation to exits. It will also provide investors with an opportunity to familiarise themselves with the best of an increasing number of cross-border enterprise initiatives being developed by a new generation of African entrepreneurs. Finally it will also provide an unprecedented opportunity to network with the leading opinion leaders in the early stage investment space.
I ask each of you to join us in Lagos, Nigeria. Please share this invitation with colleagues and contact David van Dijk (firstname.lastname@example.org) to see how you can get involved and contribute to this event.