Happy New Year, ABAN Member,
As we step into 2025, let’s take a moment to reflect on the achievements that shaped 2024 as a landmark year for us. Despite global economic challenges, Africa’s angel investing ecosystem demonstrated resilience and growth with over $ 25 million invested by angel networks – marking a 25% increase from 2023! This progress was driven by the addition of seven new networks, expanding our membership to 75 networks across 37 countries.
What role are collaborations playing in shaping Africa’s future? In 2024, we also saw a surge in collaborative efforts, with angel investors driving innovation across 25 countries and backing startups that are solving Africa’s most pressing challenges. These collaborations and investments have accelerated entrepreneurship while paving the way for transformative solutions to scale across Africa, addressing critical challenges and unlocking new growth opportunities. “Now’ is the time to invest in Africa. Get involved, invest, and be part of the change!
THIS IS HOW WE SHAPE AFRICA’S INVESTMENT LANDSCAPE IN 2024
HOW ARE OUR PORTFOLIO COMPANIES TRANSFORMING AFRICA’S ECOSYSTEM?
Key focus: Duhqa and Bee: These standout startups, showcased during the 2024 Ecobank Fintech Challenge, exemplify the power of early-stage funding. Duhqa’s tech-driven logistics platform achieved significant market expansion, while Bee doubled its user base, surpassing 200,000 active accounts.
Be part of the impact by supporting startups driving innovation across Africa by joining ABAN’s network today!
KEY STATISTICS FROM THE ABAN 2024 ANGEL INVESTMENT SURVEY REPORT
Portfolio success
Startups Funded: Over 50% of startups funded in 2024 achieved significant milestones, including market expansion and Series A funding.
Exits: 10% of angels reported successful exits, with notable cases in Nigeria, Kenya, and Egypt.
Challenges Identified
Access to Capital: 40% of investors cited difficulty securing co-investors for larger funding rounds.
Startup Preparedness: 30% of respondents emphasized the need for more founder training programs.
WHAT DO THESE NUMBERS MEAN?
The ABAN 2024 Angel Investment Survey Report emphasizes the resilience and growth of Africa’s angel investing ecosystem. While progress has been significant, the data also highlights the need for continued efforts in ecosystem development, especially in capacity building and expanding investor networks. Explore the full report here to discover how you can be part of Africa’s dynamic investment landscape.
UPCOMING INVESTOR EVENTS DRIVING INNOVATION IN AFRICA & BEYOND
2025! WHAT’S NEXT IN 2025?
With an ambitious goal of deploying $25M this year, we are gearing up for even more impactful events, partnerships, and initiatives. If you are an investor, founder, or ecosystem enabler and would like to partner with us to drive our vision further, contact us at secretariat@abanangels.org
Our commitment to empowering networks, building capacity, and advocating for policy reform continues to solidify the foundation of Africa’s entrepreneurial ecosystem, creating a robust platform for sustainable innovation and long-term impact. We aim to scale these efforts further in 2025, fostering even greater collaboration, unlocking new funding opportunities, and driving transformative growth across the continent! Visit https://abanangels.org/ to learn more about us and our impact on the continent!
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