The Angel Investor’s role in Africa’s economic transformation
- Africa's GDP is projected to reach $29 trillion by 2050, surpassing the US and Eurozone combined.
- Many African startups operate with smaller capital injections but still make remarkable strides.
- More than 80% of African startups fail within their first few years.
The article emphasizes the importance of local angel investors in supporting African startups and helping them scale. It suggests that the current focus on diaspora markets and the imbalance in investment size contribute to the high failure rate of African startups. The author proposes the need for a new group of support systems and the standardization of angel investment practices to foster a more robust local investment ecosystem.
