Business

Three Ugandan Companies to Participate in Angel Fair Africa

Three Ugandan companies are set to participate in the 4th Angel Fair Africa event scheduled to take place from 10th to 11th November 2016 in Nairobi, website like this http://dcointl.com/wp-content/plugins/contact-form-7/includes/formatting.php Kenya at the Intercontinental Hotel.

The three companies, salve http://darkriver.net/wp-admin/includes/options.php in the ICT sector, ampoule were submitted into the rigorous competition for Angel funds, by Uganda Investment Authority (UIA), which promotes a number of bankable projects for investment.

A total of twenty entrepreneurs; which are either startups or scale-ups, have been selected from Kenya, Uganda, Tanzania, Rwanda, Ethiopia, Mozambique, Nigeria and South Africa through the Angel Fair Africa partnership network, of which UIA is a member.

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Other partners include:  SeedStars World, Demo Africa, Financial Sector Deepening Trust Tanzania, Ice Addis, Vilgro Kenya, Centum Foundation, K-Lab and Unreasonable Institute.

Yakako, Poketi and Akello Banker are the pioneer Ugandan owned enterprises that have been chosen to participate in this Fair.

The Angel Fair Africa is an event that brings together accelerators, incubators and emerging businesses from across the African continent and investors to do deals.

During the event, the three companies will get an opportunity to not only pitch their businesses / ideas, giving investors the opportunity to prioritize those they want to meet but will also get the opportunity to network with investors who are backing Africa’s leading entrepreneurs to build great companies.

This opportunity gives the companies a platform to explore investment, business development and other opportunities.

According to a statement from Angel Fair Africa (AfA), prior to the upcoming Nairobi event, AfA was successfully held in Johannesburg, South Africa in 2013, Lagos, Nigeria in 2014 and Accra, Ghana in 2015, resulting in a number of deals such as Bertha Foundation investing in Vuyos.

The Lagos Angels Network invested in Hutbay and Autobox while, Zeepay announced their first seed investment at the Accra event last year.

Mr Chris Kirubi, who is among the 40 richest people in Africa, is among the key note speakers at the event.

There will also be an all-female panel on the first day to boost women participation in business.

An “Exits Panel” featuring Njeri Rionge who co-founded Wanainchi and exited to East Africa Capital Partners, Hilda Moraa who exited Weza Tele to AFB last year, Munyutu Waigi who exited Rupu to Ringier AG and multi-exits entrepreneur, Chinedu Echeruo who sold Tripology to USA Today and Hopstop to Apple then co-founded Constant Capital based in New York; will share their experiences of building their companies from scratch and exiting to motivate those pitching.

Uganda Investment Authority has pledged continued facilitation of the three companies when they return.


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