African Business Angels Network (ABAN) News

World Bank launches program, XL Africa, to support Africa’s top tech entrepreneurs. Credit: infodev.org

World Bank launches program, XL Africa, to support Africa's top tech entrepreneurs

With support from prominent African investment groups, XL Africa will help 20 selected startups attract early stage capital of between $250,000 and $1.5 million.

Tomi Davies, President, African Business Angels Network

Startup funding platform Gust and African Business Angel Network (ABAN) announce strategic partnership supporting early stage investment in Africa

African Business Angel Network (ABAN) will use Gust as an official platform for early stage investment activity.

US President Barack Obama (L) and M-KOPA Solar representative. M-KOPA, headquartered in Nairobi, Kenya, is the global leader of “pay-as-you-go” energy for off-grid customers.

The African tech startup scene has been transformed in just four years

Last month DEMO Africa took place in Lagos, Nigeria, with 30 tech startups pitching to an audience of investors.

Seed funding for African tech startups is really taking off

Venture capital funding for African tech startups is really taking off - here's why

It is well established that VC investing globally is on the rise, but there is increasing evidence that more of this money is landing in Africa too, as the continent is now deemed a less risky place for investors to put their cash.

Africa Courier Express (ACE)

Nigeria's Africa Courier Express (ACE) thinks big after recent funding round

Nigerian e-commerce logistics startup Africa Courier Express (ACE) plans to offer its service across the whole of Africa one day after securing sizeable funding.