Africa Events Finance Venture Capital

The Angels (Investors) are back! This time in Tanzania

Following the success of last year’s Mozambique event, my buddy Eric Osiakwan and his Chanzo Capital will bring the 7th edition of the Angel Fair Africa to Dar Es Salaam.

The event which has being held in Joburg, Lagos, Accra, Nairobi, Abidjan and Maputo last year has resulted in over US$20 million of deals and a very successful exit. This year’s event will be even bigger, bringing to Tanzania some 100 investors and entrepreneurs both from Africa and from across the world.

The growth of this event is a testament to the development of the venture capital ecosystem in the continent and the wonderful job that Chanzo Capital has been doing on creating the right narrative with the right players.

This year’s edition is back to back with Sahara Sparks from the 9th to 10th October 2019. Chanzo Capital and Sahara Ventures have partnered to caption the week “Africa 4.0 – Africa in the 4th Industrial Revolution” aimed at creating a platform for different stakeholders to not only discuss the role of technology and innovation but also invest in the entrepreneurs fostering social and economic development on the continent.

Ali Mufuruki is a successful Tanzania businessman and board member of several organisations. He is the founder of Infotech Investment Group, founding chairman of CEO Roundtable of Tanzania and Africa Leadership Initiative (ALI) East Africa, board chairman of Vodacom Tanzania and Wananchi Group Holdings, trustee of the Mandela Institute for Development Studies (MINDS) and co-author of the book Tanzania’s Industrialisation Journey.

Andile Ngcaba is a commissioner of the Presidential Commission on the 4th Industrial Revolution setup by President Cyril Ramaphosa of South Africa. Andile is also the Chairman of Convergence Partners through which he has invested in infrastructure and communications companies like Seacom, Intelsat New Dawn, FiberCo, Dimension Data, Synergy Communications and CSquared with Google.

Tim Draper is an American venture capital investor and founder of Draper Fisher Jurvetson (DFJ), Draper University, Draper Venture Network, and Draper Associates. Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity, Twitter, DocuSign, Coinbase,,, Cruise Automation, and Focus Media are some of his prominent investments. Tim is a major proponent of Bitcoin and decentralization. He is regarded as one of the most renowned and successful venture capitalists in the world and one of the most powerful and influential people in Silicon Valley.

Mwasi Wilmore, CEO of Wilmore Group said “bringing together a diverse mixture of the business community, innovators, and investors within Tanzania, across Africa and the world would create the right environment to facilitate strategic investment, foster partnerships and strengthen the network that would catalyze the local ecosystem and drive change”.

According to Jumanne Rajabu Mtambalike, CEO of Sahara Ventures, the week which would start with workshops, an entrepreneurs bootcamp followed by Sahara Sparks then Angel Fair Africa is crafted to explore the many levels of engagement when it comes to Africa’s leadership of the 4th Industrial Revolution.

Salum Awardh, Founder of the Tanzania Angel Investor Network (TAIN) reckons that Angel Fair Africa would help consolidate the various efforts locally and within the continent towards investments in innovative ventures that would spearhead Africa’s leadership of the 21st century in which Tanzania has a critical role to play.

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