Ten African Investing Groups to Consider
Africa is now said to be the continent where ambition meets opportunity. But if you are an investor, where do you begin and continue your journey in investing in Africa? Is there any local assistance to help an investor like a tour guide would for a holiday? The short answer is: yes. And this post is a starting point.
From outside Africa, it is often difficult as an investor seeking to reap returns on the continent to get oriented, make informed decisions and follow them through. Fortunately, there are experienced investors who have formed investing groups throughout Africa to make the investment process simpler, less time consuming and more effective.
From inside Africa, the investment landscape seems optimistic to say the least. The following ten organizations offer gateways to investing in individual African countries and specific regions. Many of them are not only helpful at the beginning of African investment prospecting, but throughout the investment process as well.
Consider this an informal introduction to the top ten investing groups in Africa. They may be the best local guides to investing in Africa you can find.
African Business Angel Network
Website: https://abanangels.org/
Purpose: Adding human and financial capital to African startups by providing investing insights, networking opportunities and mentorship.
Materials Needed: Your angel investor group must be officially registered and compliant with local regulations. Evidence of recent angel investments made within the past 12 months
Cost: The minimum investment is 250,000 PLN.
Benefits: Promote and create new angel investors network. Support members in building African early stage investing ecosystems. Investing in innovative companies across various sectors.
Contact: secretariat@abanangels.org. ABAN Foundation, Level 3, Alexander House, 35 Cybercity, Ebene 72201, Mauritius. ABAN Foundation
Tanzanian Angels Investors Network
Website: http://www.tain.co.tz/
Purpose: Promoting angel investing culture and growing innovative startups in Tanzania.
Cost: Minimum investment amount is $1,000 and $ 200 registration fee.
Benefits: Invest smaller amounts in high potential startups. As it is part of VC4A investor network it provides a platform for networking, tailored content and curated deal flow to assess profiles.
Contact: https://vc4a.com/tanzania-venture-capital-network/tanzania-angel-investors-network/
Serengeti Business Angels Network
Website: www.serengetiangels.com
Purpose: Supports early-stage start-ups across East and Central Africa. By allowing Angel investors to engage in multiple start-ups.
Cost: Investment range $20, 000 up to $150,000 per deal.
Benefits: The most active Angels in Tanzania. It provides strategic investments, mentorship and valuable connections. Operates in Tanzania, Rwanda, Uganda,Kenya, Burundi and Zambia.
Contact: info@serengetiangels.com. 74 Ally Sykes road, Dar es Salaam, Tanzania Phone: (+255) 694 595 956
Viktoria Angels Business Network
Website: https://www.vban.africa/startup-funding/
Purpose: To help individuals who are interested in early stage investing but lack the expertise or time to source and manage deals.
Materials Needed: High net worth individuals. Commitment to at least 1 hour of coaching and mentoring monthly to investee companies. Willing to make at least 5 business introductions per year for investee companies.
Cost: Investment of $ 5,000 annually.
Benefits: Access to better deals because of numerous opportunities. Higher returns because of shared administrative costs and portfolio approach. Expertise who can lead the investment process.
Contact: info@viktoria.co.ke. +254 20 440 069.
Renew Capital Angels
Website: https://www.renewcapital.com/investing
Purpose: As an active community of accredited investors it is seeking for sustainable social impact in Africa alongside financial returns.
Cost: Investment range $50,000 to $ 500,000 per startup.
Benefits: Guided Eco- tourism trips to meet entrepreneurs on the ground. Professional mentoring and advising opportunities.
Contact: Laura Davis, connect@renewcapital.com +1 (202) 714-3600.
Midlothian Angel Network
Website: https://www.midloangels.org/
Purpose: To become the leading network and habitat for underrepresented founders in the world.
Cost: Membership fee of $ 1,000. Investment ranges between. $ 25,000 and $ 100, 000 per Investment in a seed stage startup.
Benefits: It provides access to a rigorous Investment evaluation process. Members benefit from the experience, expertise and efficient approach to private equity.
Contact: info@midloangels.org
Kili Venture Angel Network
Website: https://www.linkedin.com/company/kiliventuresltd
Purpose: Building tech-driven impact ventures with high potential for growth and scaling
Cost: Between $70,000 and $ 250, 000 per company.
Benefits: Strong and potential investment projects across various sectors like fintech and mobile payments.
Contact: data@kili.ventures
Warioba Ventures Angels
Website: https://warioba.ventures/
Purpose: Promoting successful and responsible angel investment in Tanzania by providing Capital, corporate networks,technical expertise, market knowledge and mentorship.
Cost: No specific information is available about the exact investment amount. But according to the Tanzania investment center, foreign investors need a minimum $ 500,000 and local investors need $300,000.
Benefits: Guided with expertise and innovative business models, revenue traction strong growth potential across Africa.
Contact: taarifa@warioba.ventures. 344 Ghuba Road, Oysterbay, Dar Es Salaam,Tanzania
Uganda Business Angel Network
Website: https://uban.capital/
Purpose: To invest in high growth ventures through equity.
Cost: Annual membership fee is $300. Minimum investment per year is around $5000.
Benefits: Legal and tax assistance for new investors. Connection and deals for members. Mentorship and guidance.
Contact: uganda.business.angel.network@gmail.com. +256 703 866165
Sahara Ventures
Website: https://saharaventures.com/
Purpose: To build a stable innovation, technology and entrepreneurship ecosystem in Africa through consultancy and investment.
Cost: $ 25,000 and $100,000 as an initial investment amount.
Benefits: Be connected to the most active investors in Africa.
Contact: contacts@saharaventures.com. Victoria Noble Centre, 4 Floor, Office 406, New Bagamoyo Road, Dar es salaam, Tanzania