Innovation START UPS

Accra to host 3rd Angel Fair Africa

On the 5th of November 2015, 50 investors and entrepreneurs from within and outside Africa will come together to “do deals” in Accra at the 3rd Annual Angel Fair Africa (www.angelfairafrica.com) at Labadi Beach Hotel in Ghana — an event organised by Angel Africa List with participation of investors from Ghana Angel Investor Network, New Generation Angels, African Private Equity and Venture Capital Association and Angel Capital Association and supported by Dimension Data, Chanzo Capital, Interpay, Servled and African Entrepreneurs Hub.

The event would bring selected entrepreneurial businesses from Pivot East, Seedstars World and Demo Africa to pitch, giving investors the opportunity to prioritize those they wish to meet. In the afternoon, attendees will circulate to meet entrepreneurs in order to explore investment, business development and other types of deals. There will also be investors’, entrepreneurs’ and “exists” panel discussions to share light on experiences and trends. This year’s event would also showcase 15 businesses in an exhibition style.

downloadAccording to Eric M.K. Osiakwan, Co-Founder of Angel Fair Africa; Accra, Ghana was selected as the third destination after successful events in Jo’burg, South Africa in 2013 and Lagos, Nigeria in 2014 resulted in a small but significant number of deals. For example, the Bertha Foundation invested in Vuyos who pitched at the Jo’burg event and they were later featured in Forbes Africa magazine. The Lagos Angels Network invested in Hutbay and Autobox who also pitched at the Lagos event. Many more such deals are expected to come out of the third event in Accra, which will be the best ever.

Angel Fair Africa (AfA) has been making the rounds in the KINGS countries of Kenya, Ivory Coast, Nigeria, Ghana and South Africa (KINGS). KINGS is a term coined by Eric M.K Osiakwan similar to the Asian Tigers’ concept to represent the countries leading the emergence of Africa’s Digital Economy. The event has been held in Nigeria and South Africa with next week’s in Ghana, leaving Kenya and Ivory Coast as the possible destinations for 2016 and 2017.

Group of business people discussing strategies at meeting

The Accra event follows the Africa Technology Summit (ATS @ www.afritech.com) from 3rd to 4th November 2015 bringing investors from Africa, Europe and the US. Accra is currently buzzing with a lot of entrepreneurial startup businesses that are making global impact according to this article –http://ventureburn.com/2015/07/how-ghanian-startups-are-becoming-globally-relevant-on-the-world-stage/. Investors from Angel Africa List (AAL),Ghana Angel Investor Network (GAIN), New Generation Angels (NGA), African Private Equity and Venture Capital Association (AVCA) and Angel Capital Association (ACA) would be at the event.

Source: Impact Hub Accra

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