The Hub will be participating in and sponsoring the upcoming Angel Fair Africa 2016 to be held November 10 - 11 in Nairobi. The event seeks to connect startups in the technology sector with angel investors. This will be the fourth edition of the annual event that has previously been held in Johannesburg, Lagos and Accra. Past events have resulted in several investments. For instance, at the 2015 event held in Accra, Ghana: Moneyboxx a financial technology company secured $20 million from a local investor and Zeepay a mobile money aggregator attracted $200,000.
This year's event will include key notes from local investor and businessman Chris Kirubi (Chairman of Centum Investment Group) and U.S. technology leaders, Tim Draper (Founding Partner of Draper Associates) and Dave McClure (Managing Partner of 500 Startups). The Hub's Investment Director will participate in a first of its kind all female investor panel which will promote women involvement in the investment sector.
The goal of Angel Fair Africa is to grow the angel investing community particularly in the technology sector and enhance access to seed capital for high potential tech startups across Africa.