WELCOMING THE NEW MEMBER ON THE BLOCK
Who are they? We are happy to announce that the Business Angels Association of Cabo Verde (ABAC) has joined the African Business Angel Network (ABAN).
This is an exciting and big move by ABAC, which aims to promote the Business Angels movement in Cabo Verde.
As a new member of ABAN, ABAC becomes part of the largest organized movement of the 60 Business Angel Networks in Africa, with privileged access to investment programs, funds and business angels from other countries to reinforce investment in Cabo Verde also in Africa.
This partnership will further ABAC’s plans to reinforce investment in businesses with high potential and relevant to the country’s development, including through the consortia of investors.
Their business strategy is to strengthen relations between investors and promote more business between people who share the same values and ethical conduct.
ABAC’s goal is to promote entrepreneurship and innovation, especially among youth and women in Cape Verde, allowing access to seed capital, management and business know-how, and strategic contacts and partnerships.
Let’s give a warm welcome to ABAC by following them on social media and looking for ways to invest in this budding market.
REGISTRATION IS NOW LIVE!
Have you attended any of the events on the continent this year? This is what went down at the AVCA conference in Senegal.
The AVCA 2022 Annual Conference was the first in-person industry gathering since 2019. And this year, the conference delved deeper for an open, honest conversation about the future of private equity and venture capital in Africa.
The delegates came from a network of over 500 delegates from more than 50 countries around the world.
One of the esteemed delegates, Director of Investments, Soros Economic Development Fund and Economic Advancement Program, Catherine Cax endorsed the conference saying, “In a sea of conferences and networking initiatives, AVCA has consistently been one of the top platforms over the past several years.
The conference attendees also got to listen and learn from over 80 speakers on pertinent issues impacting the industry.
Throughout the conference, our speakers explore the latest insight on opportunities and key trends in the industry.
While the industry has witnessed significant success stories across fundraising and deal-making, there are still challenges such as foreign exchange volatility, political instability, difficult regulatory environments, limited exit options, and the increasing trend of consolidation.
Watch the YouTube video with all the highlights from the conference here → https://www.youtube.com/watch?v=lpXFFexTwvU.
Check out some of the photos from the conference.
SOME EXCITING EVENTS THIS MAY
Looking forward to May, this is what we have in store.
The AESIS 2022 pre-events kick off on May 16
Please save the dates!
Founders and Investors will share their experiences in a 3-Part Webinar Series on issues like;
Climate Smart Agriculture on May 16, 2022
Clean Tech on June 6, 2022
Smart Cities on July 4, 2022
AESIS is organised by African Business Angel Network (ABAN) and VC4A in collaboration with African European Innovation Bridge Network (AEDIB|NET).
Techne Summit
The Techne Summit is an international multi-industry focused Investment & Entrepreneurship event that aims to impact multiple sectors and stakeholders of the Startup Communities in the Mediterranean Region by showcasing different technologies and their applications in each industry.
It is set for May 14 and 15 at Dubrovnik, Croatia.
The Event began in Alexandria, Egypt in 2015 and in 2021 has attracted more than 21,000 Attendees, 300 Speakers, 800 Startups, and 180 Investors; all from more than 70 Countries.
Check out all the details here → https://dbv.technesummit.com
EBAN Cork Annual Congress
The EBAN Cork Annual conference is set for May 18 and 19, 2022, It will bring together more than 300 business leaders; Early Stage Investors; Business Angels; VCs; Entrepreneurs; Accelerators; Seed Funds and Startups in Cork, Ireland.
The EBAN Annual Congress is Europe’s largest and most recognised international business angel event.
The 2022 Congress will be organised by EBAN, CorkBIC, and the InvestEU Portal, alongside a host of partners and sponsors.
EBAN Cork Annual Congress is going to be about Reconnecting People, Angels and Entrepreneurs with New Initiatives, New Projects, and New Connections.
You can check out all the details here → https://ebancongress.com
13 ABAN MEMBERS PART OF GROUND BREAKING $2BN FUNDING FOR AFRICAN STARTUPS IN 2022
Since January, startups in Africa have raised $2.25 bn in 2022, 2.5 times the amount of funding raised by the end of April in 2021 (5x 2020, 8x 2019).
This is big news because this amount has been raised by African tech startups in the first two months of 2022, more than half the amount raised in the entirety of 2021. The main sectors that received the bulk of the funding so far have been Financial Services, Services, Agriculture, and Mobility & Logistics.
Investment into the African tech startup ecosystem trebled over the course of a record-breaking 2021 that saw total funding pass the US$2 billion – and indeed the US$1 billion – mark for the first time. (Sources: Disrupt Africa and the bigDeal)
For the first 4 months of the year 2022, we are pleased to have a number of our angel networks participating in the total pool of capital raised by startups; that is Cameroon Angels Network (CAN), Botswana Angels Network, Accra Angel Network, Nairobi Business Angel Network (NaiBAN), Viktoria Business Angels Network (VBAN), Angel Network Botswana, Namibia Business Angels Network, The Cairo Angels, HIMAngel, AUC Angels, DRC Impact Angels, Gambia Angel Investors Network (GAIN), Dakar Network Angels (DNA), and Alexandra Angels.
Once again, as we kick off this new month, we look forward to greater collaborations and growth in the sector. Till next month,
Fadilah Tchoumba
Secretary-General, ABAN
