Abu Bakr Cassim, new accelerator lead at VC4A

Across Africa, groups of angel investors are clubbing together to play a vital role in providing earlystage capital to small tech businesses. Although there are dozens of these angel networks ‒ whereby individuals pool their money to make investments in local companies ‒ across the continent, primarily in tech hubs like South Africa, Nigeria and Kenya, some of them are setting up shop in less likely destinations.

At an event in Windhoek in early March, stakeholders marked the launch of the Namibian Business Angels Network (NABAN), set up to encourage investments in local startups by local high net worth individuals.