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<!--StartFragment--><p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; text-align: center;"><b class=""><span style="font-size:22.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin" class="">2 day Investors Forum yields 3 deals</span></b><span style="font-family: Cambria; font-size: 14pt;" class=""> </span></p><p class="Body" style="margin-bottom: 0.0001pt;"><b class=""><i class=""><span style="font-size:14.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin" class="">Nairobi, Kenya – 15<sup class="">th</sup> November
2016<o:p class=""></o:p></span></i></b></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Helvetica" class="">The 4th Angel
Fair Africa that ended on 11th November in Nairobi has already yielded three
deal announcements among a host of other deal discussions underway. At
last year's event in Accra over $20M worth of deals were closed with these year's
estimates set to top that.</span></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Helvetica" class="">1. Singularity
Investments (a global investment firm that specializes in scaling early stage
ventures in Africa and North America) expressed interest to invest in one of
the ventures that pitched, and had quality conversations with other potential investee
companies at the event,<o:p class=""></o:p></span></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Helvetica" class="">2. Yossi
Hasson of Techstars (a global ecosystem that helps entrepreneurs build great
businesses with it’s Africa office in Cape Town) expressed interest to invest
in one of the startups subject to negotiations and due diligence,<o:p class=""></o:p></span></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Helvetica" class="">3.<span style="color:#EE2B2A" class=""> </span>Viktoria Ventures (a local angel network) are
also in discussion with FarmDrive for a potential deal soon.</span></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Helvetica" class="">“AFA sets
itself apart as an event, which is focused on the getting deals done –
dealmakers are matched with entrepreneurs and real problems are discussed by
selected panels.,” observed Lexi Novitske, Principal Investment Officer of
Singularity Investments.</span></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Helvetica" class="">The event,
which attracted 45 selected investors from Africa and the world, saw pitches
from 20 curated African startups and scleups from 8 African countries. The
rooftop conference room of the Intercontinental Nairobi was lit with deal
conversations ranging from cash investments, to partnerships, mentorship,
expansion, sourcing, etc. Beyond the deals closed at the event, Angel
Fair Africa connected the local tech ecosystem to a global network of Angel
Investors. The returns may yet be far off but it is those networks that will
grow the regional tech sector.</span></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Helvetica" class="">During the two
day event Heath Arensen of Invested Development said:<o:p class=""></o:p></span></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Helvetica" class="">“Angel
Investor’s provide the essential base in a vibrant startup ecosystem and Angel
Fair Africa’s role in convening and strengthening these investors gives me
confidence that the next generation of African startups are going to be even
more impressive than the already exciting movement we see today".</span></p><p class="Body" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;mso-bidi-font-size:14.0pt;font-family:Cambria;
mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin" class="">Melissa
McCoy said </span><span style="font-size:12.0pt;font-family:Cambria;mso-ascii-theme-font:
minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Helvetica" class="">"With
ConnectMed's recent move to Kenya from South Africa, </span><span style="font-size:12.0pt;mso-bidi-font-size:13.0pt;font-family:Cambria;
mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:
Helvetica" class="">Angel Fair Africa</span><span style="font-size:12.0pt;font-family:
Cambria;mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:Helvetica" class=""> allowed us to quickly meet most of the
core players in the Kenyan startup ecosystem and efficiently expand our
network." </span></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Helvetica" class="">Angel Fair
Africa was a very unique event in that it brought together startups at various
stages together with VCs and Angels in an intimate setting.” said Joanna
Bichsel of Kasha from Rwanda.</span></p><p class="Body" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;mso-bidi-font-size:14.0pt;font-family:Cambria;
mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin" class="">According to
Erik Hersman of BRCK, </span><span style="font-size:12.0pt;font-family:Cambria;
mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:
Helvetica" class="">“It’s impressive to see the quality of investors from around Africa,
and from overseas, that Angel Fair Africa is able to attract.” </span></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;mso-bidi-font-size:14.0pt;font-family:Cambria;
mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:
Helvetica;color:#16191F" class="">"Angel Fair Africa is the go to group in Africa
for investors and entrepreneurs!" observed Mike Miller, an angel investor
from LA.</span></p><p class="Body" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;mso-bidi-font-size:14.0pt;font-family:Cambria;
mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin" class="">Dave McClure
who gave the final keynote observed, </span><span style="font-size:12.0pt;
font-family:Cambria;mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:Helvetica" class="">"It was terrific to meet the growing
community of angels and VCs investing in Africa, as well as some great new
African startups. I hope to come back again next year to learn more about new
potential Zebra-corns!"</span><span style="font-size:12.0pt;mso-bidi-font-size:
14.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:
minor-latin" class=""> – next year the event heads to Abidjan, Ivory Coast for it’s 5<sup class="">th</sup>
edition.</span></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><b class=""><span style="font-size:14.0pt;
mso-bidi-font-size:11.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin" class="">EDITORS NOTES</span></b><span style="font-family: Cambria; font-size: 12pt;" class=""> </span></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><b class=""><span style="font-size:12.0pt;
mso-bidi-font-size:11.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin" class="">About <o:p class=""></o:p></span></b></p><p class="MsoNormal" style="margin-bottom: 0.0001pt;"><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;font-family:
Cambria;mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin" class="">Angel
Fair Africa is an event that brings together accelerators, incubators and
emerging businesses from across the African continent and investors to do
deals. More @ </span><a href="http://www.angelfairafrica.com" class=""><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;font-family:Cambria;
mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin" class="">www.angelfairafrica.com</span></a><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt" class="">;</span><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;font-family:Cambria;
mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin" class=""> contact - </span><span style="font-size:12.0pt;
mso-bidi-font-size:11.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin" class=""><a href="mailto:info@angelfairafrica.com" class="">info@angelfairafrica.com</a></span></p></div><div class=""><div class=""><div class=""><br class=""></div><div class="">Below are our SM handles;</div><div class="">@AngelfairAfrica @AfA</div><div class="">#AngelfairAfrica #AfA</div><div class=""><a href="https://www.facebook.com/angelfairafrica/" class="">https://www.facebook.com/angelfairafrica/</a></div><div class=""><a href="https://www.linkedin.com/company/angel-fair-africa" class="">https://www.linkedin.com/company/angel-fair-africa</a></div><div class=""><a href="https://www.youtube.com/user/AngelFairAfrica" class="">https://www.youtube.com/user/AngelFairAfrica</a></div><div class=""><a href="http://www.angelfairafrica.com" class="">www.angelfairafrica.com</a></div><div class=""><br class=""></div><div class="">Eric here</div></div></div><div class=""><div class=""><br class=""></div></div><div class=""></div></body></html>