The first ever Africa Business Angel Survey has been launched to understand the needs and challenges faced by angel investors in Africa, as well as to understand how much liquidity available in the market.
The survey is being carried out by NewGen Angels and Ongeza Fund to gather insights into the African angel investor landscape. This information is expected to help them better understand the needs of angel investors in deploying capital, liquidity goals, realizing exits, and the extent of the impact of their investments.
NewGen Angels is an exclusive international investment club of focusing on Africa, and Ongeza Fund connects investors with high impact ventures in emerging markets.
The investor ecosystem in Africa is fragmented, with limited knowledge on the opportunities that exist throughout the continent. The survey is looking to understand how well African economies are doing, enabling entrepreneurs to make informed decisions.
It will also help to understand the potential of the community, encouraging new investors into the market in turn promoting growth and liquidity. Currently, there is a lack of transparency and information on trends, opportunities, and challenges in the African angel investing
“Although the African angel investing landscape is growing steadily, we are still at a very early stage of its development cycle, hence the need to measure all data points so that we can best serve the ecosystem. Working with Ongeza Fund is a great opportunity to carry out a unique study that will benefit anyone looking to engage as an early stage investor in Africa" Sean Ndiho Obedih, NewGenAngels founder
“It is a pleasure to partner with NewGen Angels on this survey", Ongeza Founder Ashley Lewis added. "We are passionate about cross-border investment opportunities and engaging locally based investors and international investors to grow early stage investment opportunities.”
This comprehensive study, which was launched on 31 July, will highlight emerging trends in the industry, as well as some key concerns related to angel investing in Africa. A preliminary review and analysis of the results will be presented at the Africa Business Angel Forum to be hosted in London on September 9th.
Are you an angel investor focused on Africa? You can take the survey here.