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Do angel investors exist in Africa?

By Ben White on April 6, 2011

In my professional walk, I have come across a number of issues that concern me. As a Financier working in Europe and Africa, I have been involved in funding projects from Start ups to Growth- oriented businesses.

Prior to the economic downturn in 2008 onwards, capital and funding for businesses, though hard to come by, was accessible in the western world.

In Africa, the traditional way of funding has always been to take your business proposal to the traditional banks to raise funds for one’s business. Apart from the higher interest rates(in some cases 31%p.a), most businesses never get pass the first hurdle and are left on bank managers’ desk to gather dust. The “go and […]

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