Angel investor network launches in southern Nigeria

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The South/South-East (SSE) Angel Network has launched in Nigeria, set to boost investment and mentoring opportunities for startups in the South-South and South-East regions of the country.

The SSE Angel Network launched with 20 investor members last week, and is actively seeking its first investees.  The Network plans to hold monthly meetings at which startups will be invited to pitch for investment.

The Network will be working closely with accelerators, incubators and hubs in the region, with a view to creating opportunities for entrepreneurs in the South-South and South-East regions.

“The idea is to galvanise locals to mentor and invest in founders and startups in the South-South and South-East of Nigeria. We want to create opportunities and help stem the trend of the brain drain to the West, but also we ultimately want to contribute to the effort of other well-meaning Nigerians in helping the country realise economic potential,” said Uche Aniche, co-founder of the SSE Network.

Aniche says the region is characterised by having a lot of local talent, but very little support, financing and opportunities to help that talent to grow thriving businesses.

As such, the SSE Network was formed by a group of experienced professionals with a shared goal and passion to invest in, support and mentor founders in the region.

The Network is the latest addition to the African Business Angel Network; which also welcomed a Ugandan chapter to its folds in March, with the launch of the Kampala Angel Investment Network (KAIN).

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Inspired and excited by the African tech entrepreneurial scene, Gabriella spends her time travelling around the continent to report on the most innovative tech startups, the most active investors, and the latest trends emerging in the ecosystem.

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