Uganda Welcomes Its First Ever Angel Investor Program

The African entrepreneurship has been on the gradual rise in the near past. But the main problem affecting the sector is the poor link between the upcoming entrepreneurs and investors. The early stage entrepreneurs tend to stop their planned businesses. This is usually due to lack of funding. Huge sums of local capital are channeled to traditional investment. The traditional investments might include stock, land, and building. That is one of the main reasons why Kampala Angel Investment Network (KAIN) decided to launch its operations in Uganda.

The Innovation Village has played a key role in the running of the KAIN in the last two years. The support has helped the startup to connect and work with 2,000 entrepreneurs in Uganda. The Kampala based angel investor launched in February 2018. Since that time it has managed to assemble together two foreign and 10 local investors. The investors are specifically those who have interest in the pipeline spearheaded by The Innovation Village.

The launch brought together angel investors in a meeting in Kampala who had broad plans for the year. The plans included angel investing masterclasses and quarterly Deal Days. Remember this is the first ever angel investors meeting to take place in Uganda. The main goal of the move is to instill awareness on the issue of angel investing. Moreover, it aims at helping the entrepreneurs know the merits brought by the angel. The merits include unlocking of networks and mentoring.

KAIN aims at building the confidence of foreign capital to go hand in hand with the local capital. Many foreign investors take well the idea of investing with the locals. Furthermore, they appreciate the fact that the locals are taking in the idea of investing. KAIN will host its first ever Deal Day on 28th April 2018. The day will see the selection of 50 entrepreneurs. The 50 entrepreneurs will pitch their ventures to investors. This will go in line with KAIN’s target to facilitate 10 deals in every quarterly Deal Day. Applications are still ongoing for both investors and entrepreneurs who wish to take part in the Deal Day in April.