Two new thematic angel networks have been introduced by the Africa Business Angel Network (ABAN) with the goal of assisting startups in developing solutions for the continent’s smart cities and digital trade sectors.
ABAN, which was founded in 2015, is the largest pan-African organization of angel investors. It represents more than 65 business angel groups, totaling 1,400 investors from 35 African countries and the diaspora.
By investing in startups that provide opportunities to address these issues, the Smart Cities and Digital Trade angel networks will concentrate on reducing problems faced by African urban cities.
The Climate Smart Agriculture and Clean Technology angel networks are among the four thematic networks that ABAN announced in collaboration with AEDIB|Net last year as the final two.
Lynton Peters, an angel investor and the creator of OneCart, will lead the Digital Trade Angel Network, while Serge Ntamack, a founding board member of the Cameroon Angels Network, will lead the Smart Cities Angel Network. ABAN President Tomi Davies and ABAN Secretary General Fadilah Tchoumba support both initiatives.
“ABAN would like to commend its angel investor networks for the work they are doing on strengthening the African startup ecosystem. Our network acknowledges all the catalytic contributions as mentors and angel investors in supporting startups across Africa. Our champions’ commitment to driving angel investment into African startups has made them leaders in Digital Trade and Smart Cities,” Tchoumba said.
