“Africa Rising” is the common theme in pitch decks Appsafrica.com receives, however speak with ventures on the ground and it’s cash and talent, not narratives they require to scale and build businesses.
In light of recent global shocks, falling oil, slump in commodities and currency issues, African companies are going to face some major headwinds in raising capital in the not too distant future, so new pastures are welcome, the UK being one of them.
Sean Obedih is founder of NewGenAngels, an angel investment network focused on Africa that was created to foster collaboration among angel groups, as well as the larger investment community and they will host the Africa Business Angel Forum in London.
This “is the premier gathering of the angel capital community that is exclusively focused on exploring early stage investment opportunities available in Africa” explains Obedih in an interview with Appsafrica.com. Passionate about Africa, he shares why London is the place African companies should come with investment tax breaks for investors in approved UK registered companies.
“The forum brings together investors and entrepreneurs looking for funding and widening their circles”. The event features 15 scaleup companies, selected from a variety of different industries ranging from technology, consumer products, real estate, financial services, social ventures and other segments with high growth potential.