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VC4Africa meetup Lagos at Angel Fair West Africa a big success

By Miguel Heilbron on March 30, 2014

Yesterday we had a great VC4Africa meetup in Lagos at Angel Fair West Africa! Entrepreneurs, investors and others – both those in town for the Angel Fair event and AVCA Conference and from the local VC4Africa community in Lagos – came together for some informal networking. Check out some pictures below, by Adewale Yusuf of Onedotphoto. Want to organize a meetup in your own city? Sign up here

Great to see the community come together like this! To get the most out of your VC4Africa membership, investors should check out the VC4Africa Pro Account to get priority access to Africa’s leading SME entrepreneurs. After [...]

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Angel investor networks emerging across Africa – Meet the Cairo Angels, Egypt

By Miguel Heilbron on March 28, 2014

VC4Africa connects local and global networks of angel investors interested in Africa’s greatest startups. In the coming days we’re present at the Angel Fair West Africa event in Lagos and discuss angel investing at the high-level EU-Africa Business Forum in Brussels. Recently we also had a chance to speak with Hossam Allam, Founder and President of Cairo Angels, the first formal angel investor network in Egypt. Read the interview below.

Could you introduce yourself and the Cairo Angels?

“I discovered angel investing while studying for my MBA at London Business School. The school hosted a resident angel network and I enjoyed sitting in on pitches. A few years after graduating I made my first investment and then a few more.

When I moved to Egypt in [...]

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UPDATE: Angel Fair West Africa, Lagos – Pitches, Angels & Nigeria’s Trade Minister Aganga keynote

By Miguel Heilbron on March 26, 2014

Here are some fresh released updates on the inaugural Angel Fair West Africa event in Lagos, where about 100 investors and entrepreneurs from within and outside Africa will come together to “do deals” this weekend, March 30th to 31st. Investors can get additional info on many pitching businesses by checking out their VC4Africa venture profiles. And don’t forget to sign up for the special open & free VC4Africa meetup at the Angel Fair this Saturday, March 29th!

Mr. Olusegun Aganga, Nigeria’s Federal Minister of Industry, Trade and Investment will keynote the inaugural Angel Fair West Africa (AFWA) event! Tomi Davies of Lagos Angel Network comments: “To have the Minister Aganga keynote this event is a welcome development, because as the [...]

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VC4Africa highlights Angel investor and SME perspectives at high-level EU-Africa Business Forum

By Miguel Heilbron on March 14, 2014


On March 31st and April 1st the EU-Africa Business Forum will be held in Brussels,
back-to-back with the EU-Africa Heads of State Summit where African and European political leaders will meet. On Monday, March 31st, VC4Africa is co-hosting one of the key Roundtables at the EU-Africa Business Forum – on the supply of risk capital for new enterprises – together with the Social Venture Capital (SOVEC) investment fund, part of the VC4Africa Investor Network.

On April 2nd and 3rd, African and EU Heads of State and other political leaders will come together in Brussels for the 4th EU-Africa Summit, focused on the theme “Investing in People, Prosperity and [...]

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Start-up attention shifts from Kenya to Lagos – Angel Fair Africa’s Tomi Davies & 88mph’s Kresten Buch comment on video

By Russell Southwood on March 4, 2014


This article by Russel Southwood originally appeared at SmartMonkeyTV, a VC4Africa publishing partner, and is published with permission.

Suddenly Lagos is the focus of start-up attention in Africa with the arrival of Angel Fair West Africa and the soon-to-be-launched 88Mph accelerator unit in Lagos. Last week in Lagos I spoke to Tomi Davies, Technovision, one of the movers behind the Angel Fair and Kresten Buch, the founder of 88Mph. See the video clip interviews at the bottom of this post.

In terms of promoting themselves as the coming thing in Africa, the country that stands out is Kenya. It had the first incubator space outside of South Africa and there is a constant stream of start-ups getting profile. Its more shameless promoters describe it as the Silicon Valley of [...]

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Angel Fair West Africa: Bringing together investors and entrepreneurs in Lagos, Nigeria

By Miguel Heilbron on February 21, 2014

March 30th to 31st, the first Angel Fair West Africa will be held in Lagos, Nigeria: around 100 entrepreneurs and investors from across Africa and abroad are invited to come together. The event is organised by the Angel Africa List together with the Lagos Angel Network and the African Venture Capital Association. We had a chance to catch up with Angel Fair Africa organizer and VC4Africa member Eric Osiakwan, Ghanaian entrepreneur and angel investor who is also part of VC4Africa’s advisory board.

How do you look back at last year’s Angel Fair in Johannesburg?

“It was a successful experiment in bringing entrepreneurs and investors together and setting in motion the process for deals, but did not crack the code [...]

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Invitation: Calling the world’s leading investors to back Africa’s top innovators

By Ben White on February 11, 2014

Now is the time. Now is the time to be investing in Africa. A billion consumers, improving political stability, a rising middle class, continued penetration of mobile and Internet, these are just a few of the underlining trends that continue to introduce an increasing number of opportunities. Most important… Africa is exploding with talent and a rising generation of entrepreneurs are determined to build great businesses that transform their countries, quickly finding markets across the continent and around the world.

We are well passed idea stage now.

64% of the ventures on the Venture Capital for Africa platform generated revenue by their second year. On average, startups secured USD 80,000 in funding vs. expansion companies that secured USD 237,000. When we asked 90 companies about their progress, 70 [...]

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Adventures in Angel investing — raising US$100,000 to invest in African startups

By Douglas Crets on January 14, 2014


This article by Douglas Crets originally appeared on Medium, a VC4Africa publishing partner.

“I made a ridiculous goal… I will save or raise US$100,000 and then take an entire year (2015-2016) to tour Africa — virtually and physically — to invest in startup founders that I meet through Skype and through platforms like VC4Africa and AngelList… I’m open to advice.”

I’m starting this journey unbridled by massive amounts of naivete and ignorance. With that unbridled energy, I hope to start on a journey by 2015 that will take me through Africa, on a listening and investing tour with some of the bright minds in entrepreneurship there.

But this is sub year one, the year before what I am [...]

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To a new year full of African success stories! The VC4Africa community in 2013 & the year ahead

By Ben White on December 30, 2013

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What started as a conversation between like-minded professionals continues to grow as a thriving community dedicated to African venture finance. VC4Africa members had a busy year as the community continues to push the boundaries and redefine what is possible in the African startup space. Here is a look at a few major highlights from 2013 and a look forward to what 2014 might bring.

Growing Africa’s startup community:

 

» 13,000 members: Today there are 13,000 entrepreneurs, mentors, investors and business professionals part of the VC4Africa.biz community spread across 159 countries. There are 45,000 fans on Facebook, 25,000 followers on Twitter, and 10,000 connections on Linkedin;

» Improving ventures: To date, VC4Africa has processed more than 1,500 venture applications and published 900 venture profiles to the website. These [...]

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Valuation approaches for startups in Africa – Tips from an angel investor

By Jerome Kisting on December 18, 2013

How to specify valuations of African startups? We’ve seen a number of contributions on the VC4Africa blog go into this question. Is valuation more of an art than a science? In the VC4Africa Crash Course on writing a financial plan we suggested looking at future expected profits and losses. And Jason Njoku suggested using some rules of thumb, and watching out for ‘sharks’

What do members of the VC4Africa Investors Network think? Below investor and VC4Africa Pro Account user Jerome Kisting of Baobab Capital discusses some valuation approaches that can be used for startups in Africa. He has concluded not to use the VC method, Discounted Cash Flow or Relative valuation, but the ‘Aswath Damodaran approach’. Watch out for more info on this approach in [...]

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