The Africa Business Angels Network (ABAN) and Rwanda Finance Ltd (RFL) have signed a Memorandum of Understanding (MoU) to collaborate and advance their initiatives across Africa. ABAN is a pan-African association of angel investors that promotes angel investment education and the development of early-stage investment ecosystems. RFL is dedicated to establishing Rwanda as a premier financial destination in Africa. The partnership aims to foster entrepreneurship, raise investor awareness, and cultivate a favorable investment ecosystem. They will engage in collaborative promotion and cooperation to facilitate access to investment opportunities, leveraging ABAN's network of angel investors and RFL's expertise in promoting Rwanda's investment ecosystem through the Kigali International Finance Centre. The MoU outlines provisions such as recommending administrators for ABAN, facilitating engagement with regulators, delivering training sessions, and encouraging investments through KIFC. The collaboration aims to support early-stage investments and accelerate the growth of African startups.
Read more on Disrupt-Africa