# The African Business Angel Network’s 2024 report has emphasised angel investors’ crucial role in early-stage startup funding across Africa. Despite a slowdown in the startup ecosystem since 2021, angel investors have maintained momentum, bridging gaps in funding while offering mentorship and networks. Over 403-billion-rand has been invested in African startups since 2014, with early-stage deals proving resilient amid economic challenges. The report calls for strengthened angel investment to sustain innovation and foster entrepreneurial growth on the continent.
African Business Angel Network’s report highlights angel investors’ role in startup growth