Africa Economy FDI Finance Mozambique Private Equity Venture Capital

Alternative Investments: Angel investors are coming to Mozambique

Established some five years ago, the Angel Fair Africa is arguably becoming a top tier platform where African entrepreneurs connect with curated investors.

On its previous editions, held in Kenya, Ivory Coast, Nigeria, Ghana and South Africa, the franchise reached over $23M worth of investments, partnerships and mentorships.

The sixth edition of the event will take place in Maputo, Mozambique from 29thto 30thNovember 2018, bringing together 60 investors, 20 entrepreneurs and 10 partners. The event will also include a three-day boot camp for selected entrepreneurs, followed by a two-day event solely focused on assisting entrepreneurs with raising capital. This unique gathering of opportunities with the right people is poised to help the much needed development of ideas into quality, sustainable companies while presenting the prospect of considerable returns for its backers.

In 2013, Angel Fair Africa was born and, the first event was held in South Africa. Its opening welcomed twenty-four entrepreneurs from twelve African countries and, eighty-eight investors were in attendance from across the globe. Upon reflection on the event Eric Osiakwan, a Ghanaian entrepreneur said,

“We have successfully created a platform that brings the investors and entrepreneurs together to kick start the process of investment and collaboration.”

The following year in Nigeria, twenty entrepreneurs from around Africa pitched their ideas to investors from established organisations such as the Africa Private Equity and Venture Capital Association (AVCA). The event also included eminent figures such as the former Federal Minister of Industry, Trade and Investment, Mr Olusegun Aganga.

“To have the Minister Aganga keynote this event is a welcome development, because as the chief promoter of Nigeria’s huge potential for investment he has an enviable record of presiding over the most significant growth in private sector non-oil investments into the country in recent history. I am sure both investors and entrepreneurs will be happy to hear his views”. Tomi Davies, an angel investor commented.

This year’s event in Maputo will see keynotes by Kamran Elahian, the Iranian-American entrepreneur chairman and co-founder of Global Catalyst Partners, an international, multistage, technology-oriented venture capital firm and; Daniel David, the chairman of Grupo Soico – Mozambique’s private communication and broadcast conglomerate and founder of MOZEFO, the internationally acclaimed Mozambique Economic Forum.

Despite the challenges of its macro economy, Mozambique has seen some strong and ambitious examples of start-ups such as the likes of Izyshop – the country’s first online supermarket.

This will be an exciting opportunity for entrepreneurs around Mozambique and surrounding countries to share ideas and experience with global investors.

One comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: