The African Business Angel Network (ABAN), in collaboration with the United Nations Development Programme (UNDP) and the Ministry of Foreign Affairs of Japan, has officially launched the 2025 Angel Investment Report, offering fresh insights into the trends, challenges, and opportunities shaping early-stage investment across Africa. The survey captures both individual angel investors and angel networks in a dual-lens framework, highlighting an asset class that is growing not only in volume but in sophistication, geographic reach, and development impact.
Africa’s startup ecosystem raised approximately $3.8 billion in 2025, outpacing Europe, Latin America, and Southeast Asia in year-on-year growth. Eight megadeals closed above $100 million. But beneath these headline figures, a structural crisis is taking shape.