ABAN:  The  African  Trade  Associa2on  for  Business  Angels,  Seed  Funds  and  Early  Stage  Market  Players  

“Unlocking  capital  for  early  stage  innova4on"    

ABAN  is  a  pan-­‐African  non-­‐profit  associa2on  founded  to  support  the  development  of  early  stage  investor  networks.  ABAN  began  as  a  consor2um  of  independent  African  Angel  inves2ng  networks  including  Lagos  Angels  Network  (LAN),  Cameroon  Angel  Network  (CAN),  Cairo  Angels,  Ghana  Angel  Network  (GAIN),  Venture  Capital  for  Africa  (VC4Africa),  Silicon  Cape,  DEMO  Africa  and  the  European  Business  Angel  Network  (EBAN).      ABAN’s  mission  is  to  help  develop  early  stage  inves2ng  in  Africa  by  providing  the  support,  networking  opportuni2es  and  essen2al  resources  Africa’s  Angel  Inves2ng  Syndicates  &  Networks  need  to  maximize  their  impact.      

ABOUT  ABAN  

Angel Investing in Africa

Tomi  Davies  President  ABAN  

Why  it  maXers  now!  

African  Business  Angels  Network  

Africa is the next, new and final frontier

POWER  SECURITY  

EDUCATION  

HEALTH  

Infrastructure is first in line!

• POWER  that  works  for  everyone  

• AGRICULTURE  to  feed  the  world  

• EDUCATION  for  the  youngest  on  earth  

• HEALTH  for  a  mobile  workforce  

The  race  to  build  Africa  has  already  started!  

Service is the key that will unlock the continent!

Food,  Property,  Transporta2on,  Communica2ons,  Entertainment,  

Retail  &  Consumer  Goods,  Professional  Services,  Banking  &  

Finance….  

The  rise  of  technology  enabled  mobile  services  

Africans MUST participate at each level

Private  Equity:  Large  Scale  Regional  Infrastructure  Ini2a2ves  

Venture  Capital:  Mul2-­‐na2onal  Corporate  Enterprise  growth  &  expansion  

Angel/Seed  Capital:  Micro,  Small  &  Medium  sized  Business  development  and  growth  

The  building  and  growth  is  happening  on  all  levels!  

Who is an Angel Investor?

•  Accredited  individual  with  annual  discre2onary  income  of  $10k  plus  available  for  investment  in  early  stage  companies  

•  3-­‐5  Year  term  commitments  for  invested  funds!  

•  Annual  investment  fund  of  $5k  plus  ($25k  in  5  years)  

•  Annual  mentoring/coaching  of  20  days  (100  days  in  5  years)  

•  Annual  business  introduc2ons  of  4  contacts  (20  contacts  in  5  years)    

•  NB:  Target  is  a  pordolio  of  10  startups/early  stage  companies  

Each  syndicate/network  is  encouraged  to  adopt  an  angel  profile  standard  as  part  of  its  consStuSon.  

ABAN  Guidelines  for  Syndicates  &  Networks  

Angels do better with other Angels!

Syndicates/Networks  increase  the  chances  of  success!  

–  The  Needle  in  the  Haystack  Challenge  –  Collec2ve  Resources  

•  Deal  Flow  &  Terms  •  Quality  Monthly  Mee2ngs  •  Angel  Inves2ng  Resources  •  Networking  Events  

–  Interna2onal/Ins2tu2onal  Collabora2on  &  Support  •  Capacity  Development  •  Co-­‐Investment  •  Policy  Development  

We are not alone in the quest to build Africa

•  Africa  is  the  next,  new  and  final  fron2er  of  globaliza2on  

•  The  race  to  build  the  con2nent  has  already  started  with  infrastructure  

•  Technology  enabled  services  hold  the  key  to  Africa’s  development    

•  African’s  MUST  par2cipate  in  the  con2nents  development  and  resul2ng  prosperity  

•  Angel  Investment  syndicates  and  networks  have  the  poten2al  to  become  significant  contributors  (and  beneficiaries)  in  the  building  of  Africa.    

Thank You!

Harry  ’Tomi  Davies  President,  African  Business  Angels  Network  (ABAN)  www.abanangels.org  president@abanangels.org