They aim to help plug that gap by "...working to help create Africa's Missing Middle through job creation. We link start-up small and medium enterprises in sub-Saharan Africa with seed and growth capital, as well as strategic sectoral relationships..."While Africa has an active microfinance space and emerging mid-size private equity sector, there is a gaping "missing middle" in Africa's capital markets that includes seed stage angel investment and early stage venture capital. The existence of a major gap in the financial markets of the world's second most populous continent is a serious problem: seed and early stage investment are major drivers of any robust entrepreneurial economy, and entrepreneurship is the most important force for sustainable job creation in the world...[more here]
Tuesday, April 13, 2010
Zenzele Circle-African Angel Investment Network
In Change.org Brett Shere co-founder of Zenzele Circle writes:
Subscribe to:
Post Comments (Atom)
2 comments:
Thanks for the hat tip Emeka. Am a fan of your work, hope our paths cross in nyc sometime.
Hi Emeka, I just got to your blog today for the first time. Thank you for this. I heard your name from Nii Simmonds whom I met last weekend in DC at Affinity Lab. I agree with Brett that the world needs African genius unleashed. It is good to see organizations like Zenzele Circle take steps to plug the "missing middle" gap. While the world needs our genius unleashed, we have a responsibility to be the main actors in our play and your blog does a good job of showing that we are beginning to take responsibility, especially at the grassroots. Thanks again.
Post a Comment