VIKTORIA VENTURES’ OPINION ON THE KENYA STARTUP BILL, 2020

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The Startup Bill, 2020 is an Act of Parliament: to provide a framework to encourage growth and sustainable technological development and new entrepreneurship employment; to create a more favourable environment for innovation; to attract Kenyan talents and capital; and for connected purposes. This is a step in the right direction and comes at a time when economies all over the world are being transformed through entrepreneurship. In our opinion, ...

Why it’s time for Angel investing in the Silicon Savannah

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Kenya, or the Silicon Savannah, has shown how entrepreneurship can be game-changing. From Mpesa (financial inclusion), M-Kopa (energy), and M-Tiba (health) entrepreneurship can solve development challenges and create jobs. Agri-tech farm to fork company Twiga foods, for example has raised over $67m, employing over 300 people, and partnering with 17,000 farmers and 8000 vendors, in just seven years. It’s a risky business However, entrepreneurship is inherently risky. With every Twiga there are dozens of failures. Whilst this is ...

An East Africa Guide to Angel Investing During a Time of Crisis

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The world has experienced different crises and pandemics, which have often disrupted economies before and though the disruption due to Covid-19 is not novel, its magnitude is one that has not been felt for many years. Whether it was the economic recession in Europe and the States in 2008, or the micro-finance crisis in India in 2010, the effects these crises have on the economy of a country and region are profound. In East Africa ...

Viktoria Business Angels Network (VBAN) Invests in Mesozi Group

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Viktoria Business Angels Network is pleased to announce participation in a USD 350,000 seed investment round into Kenyan founded technology holding company Mesozi Group. The investment will go directly into the flagship subsidiary and product, MarketForce 360, to maximize on their recent momentum by enhancing the product to unlock new revenue streams and building the team's capacity across East Africa. Tesh Mbaabu, Co-Founder and CEO of MarketForce 360, speaking about ...

Bridging the Gap between Local and Expat Founder Funding

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Over the years, the inflow of startup funding capital in Africa has been rapidly growing, as investors have started paying more attention to investment opportunities in Africa. African economies have shown great potential for growth, and this has made African startups a key portfolio ingredient for investors looking for investment opportunities. In addition to the return angle, African startups, more often than not, are solving real problems in various critical sectors ranging from access to finance, healthcare, ...

Co-investment Funds to the Rescue; Addressing the Valley of Death

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Whether you believe in it or not the Valley of Death (VoD) is real! If you are still wondering about its whereabouts, talk to any seasoned entrepreneur. The VoD refers to that phase of a company where it is too early to attract any / huge appetite from early stage investors and it’s also not generating enough cash from its operations to choose not to look for investors. The solution ...

Viktoria Angels Business Network (VBAN) and Pangea Accelerator Co-Invest in ManPro Systems

ManPro CEO, Linus Wahome, at a client's site ViKtoria Business Angels Network is pleased to announce the close of USD 200,000 investment into Kenyan founded startup ManPro Systems Limited. The investment is structured in two tranches with the initial USD 20,000 accessible immediately and the balance pegged on performance. Together with Pangea Angels, VBAN have dispersed capital to drive Manpro’s customer acquisition strategy and augment its service offering. ManPro is an ...

VBAN MEMBERS – Q&A WITH CHRISTIAN WIG

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What’s your background and how did you end being an angel investor? My main background is more than 30 years from management consulting, dedicated to the intersection between business models/ business strategies and enterprise architecture/ technology strategies. During these years I have also been founder and co-founder of some companies, mostly within consulting. Two years ago I decided to put a 50% time limit on consultancy work, and ...

VBAN MEMBERS – Q&A WITH ROBERT GICHOHI

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What is your personal background? I'm a Kenyan citizen first and foremost. I have a Bachelor’s degree in Civil & Structural engineering and masters in project planning and management from the University of Nairobi. My work experience has largely being in the real estate sector and What made you want to become an Angel Investor? 1. Entrepreneurial spirit: I've always found entrepreneurship fascinating. It's not just about guts and grit and a whole lotta ...

Africa Early Stage Investment Summit

  We had the pleasure to travel to South Africa Cape Town courtesy of VC4A for the annual Africa Early Stage Investment Summit (AESIS), which was at the magnificent and breathtaking city of Cape Town (it was my first time so…). It’s an investor only event, which brings together key ecosystem stakeholders from across the continent and beyond, to exchange best practices, learn from peers and recent transactions, and do deals. The ...