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Angel investing solves startup capital crunch in Tanzania
['Senior Journalist With The Citizen', 'Mwananchi Communications Limitted']
| The Citizen
Angel investors are typically high-net-worth individuals who provide early-stage capital to startups in exchange for equity.
With angel investing, they get access to capital and very talented people to help them grow their businesses,” she explained.
With this kind of investments through angel investors, we can see growth because here we meet financiers and mentors,” she noted.
For Tanzania’s youth, who make up over 60 percent of the population, angel investing offers a route out of unemployment.
Few Tanzanians are aware of angel investing, and the risk appetite among local investors is relatively low compared to global peers.