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Identifying, Educating, and Supporting Business Angels across the continent

Facilitating the creation of Angel Groups, Syndicates & Networks in African Cities and the diaspora

Engaging African Policy Makers on Angel Investing as a Development Asset

ABAN is the leading pan-African network of angel investors, driving early-stage innovation and entrepreneurship across the continent.

Since its founding in 2015, ABAN has championed the growth of Africa’s startup ecosystem by mobilizing financial and strategic support for tech startups and tech-enabled SMEs, fueling innovation, job creation, and economic transformation.

Today, ABAN connects over 5,000+ Business Angel Investors through 75+ member networks spanning 37 African countries and the diaspora, making it the most expansive and influential angel investment community in Africa

$100M

a year in African Startups.

10

Years of impact

1

2025: Expanding Influence and Inclusive Leadership

ABAN marked a historic milestone in inclusive leadership with the appointment of Yemi Keri, Co-founder of Rising Tide Africa, as its first female Board President, and Rebecca Enonchong as Vice President. These leadership appointments, along with the inclusion of additional industry experts on the board, further strengthen ABAN’s position as a leading force in early-stage investment and innovation across Africa.

ABAN also launched its fifth thematic network, Africa’s Sports and Creative Early-Stage Investment Network, at the Inclusive Fintech Forum in Kigali, highlighting the organization's commitment to supporting diverse and emerging sectors.

ABAN to host its inaugural ABAN Annual Congress, an exclusive gathering aimed at accelerating local capital participation and helping achieve the ambitious goal of mobilizing $80 million in early-stage investments by 2027.

ABAN to launch the Africa Business Angel Accreditation, a program designed to professionalize and standardize angel investing across the continent.

2

2024: Record-Breaking Investments and Thematic Growth

ABAN’s investor community grew to span over 37 African countries.

Over $22.5 million was invested across 408 early-stage deals.

Partnered with SAIS to scale investments in digital agriculture innovations.

Launched the 3rd Angel Investment Survey Report, continuing its commitment to transparency and insight-driven growth.

3

2023: Cross-Border Investment and Collaboration

ABAN launched the Climate-Smart Agriculture Investor Network during the AGRF Summit in Kigali.

The 1st ABAN Angel Investment Survey Report was published, offering valuable insights into investor behavior and ecosystem trends.

4

2021: Unlocking Local Capital and New Successes

ABAN launched Catalytic Africa, a co-matching fund developed with AfriLabs to de-risk early-stage investments and unlock local capital.

A new wave of African startup success stories emerged, with six companies—including Flutterwave and Andela—reaching unicorn status, inspiring a new generation of angel investors.

ABAN launched several sector-specific angel networks, including those focused on smart cities, digital trade, clean technology, and climate-smart agriculture. Membership expanded to 60+ networks across 30 countries and the diaspora.

Deeper collaboration with development organizations and government agencies enhanced ecosystem support.

5

2020: Digital Transformation and Global Reach

The COVID-19 pandemic accelerated ABAN’s digital strategy, enabling virtual networking and global participation.

ABAN’s network grew to include over 3,000 investors.

Partnership with Briter Bridges provided access to data-driven insights on Africa’s investment landscape. ABAN’s board expanded to include regional leaders and international angel investing experts.

Launched Africa Angel Academy (AAA)

6

2017 - 2019: Regional Expansion and Ecosystem Building

ABAN extended its footprint to over 20 African countries, fostering the growth of angel networks in Central, Eastern, Western, Northern, and Southern Africa.

Regular summits brought focus to co-investment, scaling startups, and addressing regional startup challenges.

Signs of early-stage exits began to emerge, validating angel investing as a viable asset class on the continent.

7

2016: Early Momentum and Growth

ABAN expanded rapidly by recruiting and training new investors and helping launch angel networks across the continent.

Over 1,500 investors joined from diverse backgrounds and sectors, including tech, agriculture, finance, and energy.

The second wave of investments focused on emerging fintech ventures with high growth potential.

ABAN’s first elected board was formed, representing key African angel networks.

The 3rd African Angel Investor Summit was held in Lagos, connecting investors and startups across the region.

8

2015: Official Launch of ABAN

ABAN was officially launched at the EBAN (European Business Angels Network) Conference in Helsinki with six founding angel networks. Early global partnerships were established to share best practices and strengthen local investment capabilities.

9

2010 - 2013: Early Formation of Angel Networks

The foundations of Africa’s angel investment ecosystem were laid with the emergence of pioneering networks such as the Cairo Angel Network, Lagos Angel Network (LAN), Ghana Angel Investor Network (GAIN), and Cameroon Angel Network (CAN).

These early efforts highlighted the need for a unified platform, leading to the conception of ABAN as a continent-wide connector of angel investors and entrepreneurial ecosystems.

In 2013, ABAN launched the inaugural Africa Early Stage Investor Summit (AESIS) in partnership with VC4A

10

Impact Highlights

Trained and activated over 7,000 angel investors across sector-agnostic and sector-focused investments, up from just a few dozen in 2012.

Maintained engagement with a community of 75 active ABAN angel network members across 37 African countries and the diaspora.

Achieved a 50% gender balance in all programs, leading to the activation of 200+ women angel investors across seven female-led angel networks.

Mobilized and catalyzed over USD 22.5 million in angel capital towards 408 innovative early-stage ventures.

Supported the creation of 2,000+ jobs directly through portfolio companies, and impacted 500,000 women through access to inclusive innovations and product value chains.

Established five new thematic angel networks in Africa focused on: Digital Trade, Climate-Smart Agriculture, Clean Technology, Smart Cities, and Sports & Creative sectors.

Approximately 48% of angel investors engaged in cross-border deals, underscoring a growing pan-African investment mindset.

Released 3 ABAN Angel Investment Survey Reports since 2022.

De-risked investments in 21 startups across 15 African countries through the Catalytic Africa Matching Fund, with over USD 3.1 million deployed.

6

Our Mission is to Drive Angel Investing in Africa

Collaboration for Impact

We believe in the power of collective action, working with local investors, networks, syndicates, and partners to unlock local capital participation that will enable us to fuel innovation and inclusive growth across Africa.

Integrity and Accountability

We are committed to transparency, ethical investing, and fostering trust within the early-stage investment ecosystem.

Empowerment through Knowledge

We equip Business Angel Investors with the insights, tools, and opportunities they need to thrive and make informed investment decisions.

Increase the pool of Business Angel Investors who support and fund promising entrepreneurs in Africa

Develop and provide the support infrastructure to maximize the impact of Business Angel Investors in Africa

Support member groups and networks towards an investment target of $100 million in at least 1,000 startups to create over 10,000 jobs annually

Engage local, national, regional, continental, and global policy makers on Angel investment as a development asset class

Making Angel Investing Easier

Developing new instruments, lowering barriers to entry, and supporting more investors to become actively involved

Capacity Building

Training individual Angel investors and Angel networks, enabling co-investment opportunities, and advancing best practices

Awareness Building

Promoting a culture of angel investing across Africa and beyond

Advocacy

Representing Business Angel Networks and Early-stage Investors across Africa—working with governments and regulatory bodies to bolster early-stage investing and lobbying for incentives to encourage angel investing deal flow

Collaboration

Partnering with accelerators, incubators, business schools, government bodies, and other ecosystem stakeholders to drive discourse, research and knowledge sharing for the transformation of Africa’s entrepreneurial ecosystem

New Angel Groups & Networks

Helping to develop and launch new Angel Investing Groups and Networks across Africa while supporting existing groups and networks.

The vision for a pan-African angel investment network was first sparked at the 5th EU-Africa Forum in Brussels in February 2014, where African stakeholders recognized the urgent need to unify and strengthen early-stage investing across the continent. This idea culminated in the decision to host an African Angel Investor Summit to explore the formation of a continental platform.

In September 2014, African leadership took center stage when VC4Africa and the Lagos Angel Network (LAN) co-hosted the first Pan-African Angel Investor Summit during DEMO Africa 2014 in Lagos, Nigeria. The event brought together a pioneering group of African business angels, impact investors, venture capitalists, and corporate investors, who shared an aspiration of building an organized structure that connects African Business Angel Investors both across the continent and globally.

75+

Active Angel Networks,

37

African Countries Represented,

5+

Thematic-focused Networks,

200+

Women Angel Investors in female-led networks,

48%

Angel Investors Engaged in Cross Border Deals

This momentum led to the official launch of ABAN at the EBAN 2015 Conference in Helsinki, Finland. Far from being a top-down initiative, ABAN emerged as a grassroots, African-led effort, a consortium formed by visionary networks including the Lagos Angels Network (LAN), Cameroon Angel Network (CAN), Ghana Angel Investor Network (GAIN), Venture Capital for Africa (VC4Africa), and Silicon Cape, with facilitation by the European Business Angel Network (EBAN) and support from the LIONS Africa Partnership and DEMO Africa.

From its inception, ABAN has focused on connecting African investors, empowering local networks, and amplifying Africa's voice in the global early-stage investment space. It stands today as a testament to African leadership, collaboration, and a shared commitment to driving innovation and entrepreneurship across the continent.

Executive Leadership

Yemi Keri

President, ABAN

Rebecca Enonchong

Vice President, ABAN

Fadilah Tchoumba Tchoumba

CEO, ABAN

Staff Members

Favour Ubaka

Executive Assistant

Amimo Achillah

Communications Lead

June Mukangula

Projects Lead

Sheryl Adeola Carew

Investor Relations Officer

Board Members

Hannah Subayi

DRC Impact Angels, DRC

Illyes Bdioui

Bridging Angels, Tunisia

Martin Warioba

WV Angels, Tanzania

Isabelle de Molo

Mo Angels, Mauritius

Iyinoluwa Aboyeji

Lagos Angel Network, Nigeria

Olatokunbo Ige

TogoBAN, Togo

Gerrad Olisa-Ashar

Diaspora Angel Network, UK

Rui Alexandre Martins Levy

President, ABAN

Mythri Sambasivan-George

ABAN Board Member

Joe Kinvi

HoaQ, UK

Joel Nana Kontchou

Cameroon Angels Network, Cameroon

Elizabeth Howard

Lelapa Fund, South Africa