We are

Promoting a Culture of Angel Investing in Africa

Angel Investing is an economic development tool which is why as an organization we regard ourselves as duty-bound to ensure the delivery of value adding human and financial capital to African startups by our Angel Networks. We do this by providing capacity building, cross-border investing insights, networking opportunities, mentorships and other critical resources to help our member Angel Networks maximize their impact on the African Startup Ecosystems..

At its core, ABAN exists to educate angel investment groups, promote the creation of new Angel Investor networks, create a contact point for emerging and existing networks, and support members in building African early stage investing ecosystems. In parallel, ABAN engages policymakers serving as a source of thought leadership on angel investing on the African continent.

How It
Started

This idea of a Pan-African network was first discussed at the 5th EU-Africa Forum held in Brussels in February 2014. A key outcome thereof was the decision to organize an Africa Angel Investor Summit that would bring together the numerous African networks to explore the creation of a Pan-African network. In September 2014, VC4Africa and LAN hosted the first Pan-African Angel Investor Summit as part of the DEMO Africa 2014 event in Lagos, Nigeria. Participants at the summit included Business Angels, impact investors, venture capital funds, and corporate venture capital managers. Many of these stakeholders expressed a common desire for an organized structure through which they could connect with counterparts across the continent and around the world. Soon thereafter, at the EBAN 2014 Conference held in Helsinki, Finland, ABAN was officially launched.

ABAN began as a consortium of independent investor networks including Lagos Angels Network (LAN), Cameroon Angel Network (CAN), Ghana Angel Investor Network (GAIN), Venture Capital for Africa (VC4Africa), and Silicon Cape facilitated by the European Business Angel Network (EBAN) and supported by the LIONS Africa Partnership and DEMO Africa. In the interest of connecting these African networks, supporting new investors and networks to maximize their impact, and connecting African investors to their global counterparts, the need to form a Pan-African association of Angel Investor networks and other early-stage investors became clear and ABAN was born.

Today we count over 56 member networks in more than 40 African countries and the Diaspora.

Mission

ABAN’s mission is to drive Angel Investing in Africa

ABAN Objectives

Continuously increase the pool of angel investors who support and fund promising entrepreneurs in Africa

Develop and provide the support infrastructure to maximize the impact of Angel investors in Africa

Support member groups and networks towards an investment target of $100 Million in at least 500 startups to create over 10,000 jobs annually

Engage local, national, regional, continental and global policy makers on Angel investment as a development asset class

ABAN Focus Areas

PROGRAMMES, RESEARCH AND PARTNERSHIPS

Making Angel Investing Easier

Developing new instruments, lowering barriers to entry, and supporting more investors to become actively involved

Capacity Building

Training individual Angel investors and Angel networks, enabling co-investment opportunities, and advancing best practices

Awareness Building

Promoting a culture of angel investing across Africa and beyond

Advocacy

Representing Business Angel Networks and Early-stage Investors across Africa—working with governments and regulatory bodies to bolster early-stage investing and lobbying for incentives to encourage angel investing deal flow

Collaboration

Partnering with accelerators, incubators, business schools, government bodies, and other ecosystem stakeholders to drive discourse, research and knowledge sharing for the transformation of Africa’s entrepreneurial ecosystem

New Angel Groups & Networks

Helping to develop and launch new Angel Investing Groups and Networks across Africa while supporting existing groups and networks.

ABAN Team 2023-2025

EXECUTIVE

H’ Tomi Davies (TD)

Lagos Angel Network (LAN), Nigeria

President, ABAN

Rebecca Enonchong

Cameroon Angel Network (CAN),

Treasurer, ABAN

Ben White

Ben White

Venture Capital for Africa (VC4A), Netherlands

Independent, ABAN

SECRETARIAT

Favour-Ubaka

Favour Ubaka

Executive Assistant, ABAN

Amimo Achillah

Communication Consultant

Grace Karugu

Project Assistant

June Mukangula

Project Assistant

BOARD MEMBERS

Tarek El Kady

Alex Angels, Egypt

VP North, ABAN

Yemi Keri

Rising Tide Africa, Nigeria

VP West, ABAN

Hannah Subayi Kamuanga

Dazzle Angels, South Africa

VP Central, ABAN

Abu Cassim

Founder of Jozi Angels,

VP South, ABAN

ADVISORS

Candace Johnson

EBAN President Emeritus

David Van Dijk

ABAN Secretary-General (2015-2020)

Jacopo Losso

EBAN Director of Secretariat

Alexandra Fraser

Dazzle Angels, South Africa

Stephen Gugu

Viktoria Business Angel Network (VBAN), Kenya

Marieme Diop

Dakar Network Angels, Senegal

Laila Macharia

Chair, Board of Director – Africa Digital Media Institute

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