On the private sector front, angel investors that channel financing from various high net worth Africans into tech startups (generally at pre-seed, seed and early growth stages) are needed to drive change. To draw in these private investors, governments should formulate regulations that guide, enable and grow angel investing. For evidence-building, AfriLabs will draw from its experience with the Catalytic Africa program and investor networks across Africa to garner first-hand insight into sector-specific patterns of investments and the participation of Africans (locals and the diaspora) in asset control. This will shape our short-to-medium term advocacy on the necessary policy levers to attract increased funding from domestic investors and more reinvestment returning to the ecosystem.
Made with FlippingBook - Online Brochure Maker