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African Business Angel Network’s report highlights angel investors’ role in startup growth

# 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.