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5 key tips for setting up your own African angel investment network

By Laura Catherine Baker on August 8, 2014

InfoDev, an innovation and entrepreneurship program of the World Bank Group, recently published an international guidebook on angel investing focused on both entrepreneurs and angel investors from around the globe. VC4Africa is publishing a series of articles based on texts from this guidebook, by Laura Catherine Baker / infoDev - The World Bank Group. Also see the first and second parts published on VC4Africa over the past weeks. Read the third part below.

In little more than a decade, formal angel investing organizations have shifted from being mostly a U.S. and European phenomenon to being active and visible around the world. Globally, angel investors build networks from scratch and put their own local spin on how these networks are founded, structured, and operated. Most impressively, these [...]

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The start-up ecosystem in Mozambique

By Tara Sabre Collier on August 6, 2014

By Tara Sabre Collier & Domingos Mazivila Tara Sabre is an impact investing specialist at GroFin Capital, part of VC4Africa’s investor networkDomingos Mazivila is a Senior Advisor to the USAID Speed [Support Program for Economic and Enterprise Development] Program in Mozambique. Below they share some news from Maputo on Mozambique’s startup-ecosystem.

Mozambique is one of Africa’s most attractive markets yet still off the radar for many Western investors. But since the discovery of the world 4th biggest natural gas reserves deposits as well as the increasing exploitation of Africa’s second biggest coal reserves, that could potentially change rapidly. AT Kearney ranked it the Africa’s 9th most attractive retail market in 2014 and according to EY, [...]

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Kenya’s BookNow secures USD 75k funding round from 10 angel investors

By Miguel Heilbron on August 5, 2014

Congratulations to VC4Africa member BookNow! They secured USD 75k in funding from 10 angel investors (some of which are in the VC4Africa community as well).

Also have an investment success story to share with the whole VC4Africa community? Let us know!

Nairobi-based bus ticket aggregator BookNow has closed a USD 75k round from 10 angels investors including local businessmen Mahendra K.D. Shah, Ravi Shah, Ritesh Doshi and four investors from their incubator 88mph. The company will use the funds to accelerate growth within the Kenyan market, by improving its product offering, and hiring customer support staff.

BookNow originally received seed funding from and was part of 88mph’s 2013 Nairobi accelerator program. The company was founded by Francis Gesora and Michael Nguru in August 2013 and aggregates bus tickets [...]

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Nomanini gets USD 450k funding boost from South Africa’s tech venture capital fund IDC

By Miguel Heilbron on August 4, 2014

Congratulations to VC4Africa member Nomanini! After they secured their series A round in 2012 and series B round earlier this year they announced a new funding boost today.

Also have an investment success story to share with the whole VC4Africa community? Let us know!

VC4Africa member and emerging markets payments innovator Nomanini today received additional funding from South Africa’s tech venture capital fund Industrial Development Corporation (IDC) to enable its expansion into international markets. Nomanini has been granted ZAR 4.8 million (USD 450.000) which will enable it to scale operations internationally, streamline its fulfilment process and recruit the talent needed to keep up with its growth.

Nomanini is a South African-based technology solutions provider dedicated to building the tools needed to facilitate cash payments [...]

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Angel investors in Africa – who they are and what they can offer entrepreneurs

By Laura Catherine Baker on August 1, 2014


InfoDev, an innovation and entrepreneurship program of the World Bank Group, recently published an international guidebook on angel investing focused on both entrepreneurs and angel investors from around the globe. VC4Africa is publishing a series of articles based on texts from this guidebook, by Laura Catherine Baker / infoDev - The World Bank Group. See the first part, published last week, here. Read the second part below.

Who are ‘angel investors’?

Typically, ‘angels investors’ are high-net worth individuals with considerable business experience. Of course, “high-net worth” is a relative term that varies from country to country. In the United States, Canada, and the UK most angels have “accredited investor” status as defined by [...]

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Investor profile: Lagos Angels help build the next generation of tech companies in Nigeria & Africa

By Miguel Heilbron on July 30, 2014


Collins Onuegbu, founder of Lagos based technology investment company Sasware, ICT company Signal Alliance, and a member of the Lagos Angel Network, recently joined VC4Africa’s investor network as a Pro member. VC4Africa connects local and global networks of angel investors interested in Africa’s greatest startups. “Nigeria and Africa are full of budding entrepreneurs with smart ideas”

Please introduce yourself and how you got involved in the African investment space?

“I’m the Founder and Executive Vice Chairman of Lagos based ICT Company Signal Alliance. Having founded this company and after running it successfully for 18 years, I recently left the CEO post to focus on a new role allowing me to invest in and develop technology startups – initially in Nigeria and later [...]

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Embracing startup success & failure in Africa – It’s okay to fail, but does this mean you MUST fail?

By Michelle Atagana on July 28, 2014


This article by Michelle Atagana originally appeared on Ventureburn, a VC4Africa publishing partner.

I recently read a very insightful piece in the Guardian about failure and the culture of failure that currently exists in Silicon Valley. In the startup community, the concept of failure has both positive and negative connotations depending on what continent or country you are in.

The Guardian’s piece talks about Silicon Valley’s need to not just invoke failure but celebrate it as well. The oft repeated phrase most entrepreneurs have begun to live by is: “Fail fast, fail often.”

“Entrepreneurs give speeches detailing their misfires. Academics laud the virtue of making mistakes. FailCon, a conference about ‘embracing failure’, launched in San Francisco in 2009 and is now an annual event, with [...]

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Angel investing in Africa’s startups: Join the movement!

By Laura Catherine Baker on July 25, 2014

InfoDev, an innovation and entrepreneurship program of the World Bank Group, recently published an international guidebook on angel investing focused on both entrepreneurs and angel investors from around the globe. VC4Africa is publishing a series of articles based on texts from this guidebook, by Laura Catherine Baker / infoDev - The World Bank Group. Read the first part below.

Why is ‘angel investing’ important?

Filling the funding gap: Entrepreneurs around the world often face funding gaps between what friends and families can offer and what banks, VCs, and private equity (PE) firms are willing to contribute.

In 2008 a WorldBank / InfoDev study showed that in developing countries, friends and family usually contribute up to $50,000, enough for an entrepreneur to get started but not enough to generate [...]

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Africa’s emerging market news – comparing notes from China & India

By Niti Bhan on July 23, 2014

This article was originally published on Niti Bhan’s personal blog and is published with permission.

Niti Bhan, founder and principal at the Emerging Futures Lab consultancy, is one of over 100 business mentors at VC4Africa’s Mentorship Marketplace. Below she argues that first impressions will matter more for entrepreneurs in Africa than they did when India and China came up, and also mentions: “the choice is not how much money can foreign investment bring into the country but whether you want it in the first place and from whom.”

Africa’s economic and consumer market opportunities, as covered in mainstream media as well as press releases, has begun to remind me of the way India and China used to be covered back in the [...]

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Get on the AMPION Venture Bus, joining DEMO Africa in Lagos too!

By Miguel Heilbron on July 22, 2014

AMPION Venture Bus is calling for applications for its five startup road trips in Africa this year. A global fellowship program will be launched together with VC4Africa and AfriLabs, and at the opening session of DEMO Africa 2014 in Lagos one of the Venture Bus teams will get a chance to pitch on stage!

AMPION Venture Bus brings together young African change-makers and tech experts from all over the world to turn business ideas into real projects. During a 5-day competition and road trip, the “Ampioneers” create start-ups and develop innovative solutions to local challenges.

After a successful first journey in 2013, through Zimbabwe and South Africa, three start-ups (including VC4Africa members) have launched operations: Sterio.me, a learning system via GSM, Workforce, a [...]

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