Namibia Business Angel Network Joins GBAN
“We know there is value in benchmarking ourselves against reputable and successful angel networks," said NABAN chair josephat Mwatotele.
Pauly
Suchy
16 Aug 2022

Windhoek, Namibia - The Global Business Angels Network (GBAN) announced today that the Namibia Business Angel Network (NABAN) is the newest organization to join its inclusive global community of early-stage investor networks.

GBAN, part of the Global Entrepreneurship Network, has more than 80 members that meet regularly to share mentorship, training and support initiatives that aim to improve investor capacity, amplify the angel voice on regulatory issues, facilitate cross-border investing and remove policy barriers faced by investors.

“A global approach to early-stage investor capacity building is needed to ensure entrepreneurs – who are leading the charge when it comes to creating jobs – have access to the right capital at the right time,” said Jonathan Ortmans, president of the Global Entrepreneurship Network and board director at GBAN. “We are thrilled that NABAN is committed to joining us in this work.”

NABAN, which invested in its first deal in 2022, is working actively to support and grow innovative, successful startups that positively impact the future of Namibia.

According to NABAN’s Chairperson, Josephat Mwatotele, the Namibian startup ecosystem is slowly expanding, and the angel network is playing a critical role in its development, particularly in addressing the early-stage funding gap.

“All of our angels believe in the importance of entrepreneurship as a catalyst for economic growth and are willing to invest their private excess capital in startups which seek to solve problems using technology and sustainable practices,” said Mwatotele.

“We know there is value in benchmarking ourselves against reputable and successful angel networks,” he added. “The Global Business Angels Network comprises a rich and diverse congregation of angel organizations, from which NABAN seeks to learn and collaborate. Moreover, NABAN endeavors to expose startups and angels to more investment opportunities and investment syndicates.”

GBAN is led by a global board of directors with members based in Africa, North America, Asia, Europe and Latin America. It meets virtually monthly and in person once a year. The next GBAN Annual Summit will be in Melbourne, Australia at the Global Entrepreneurship Congress in May 2023.

About the Global Entrepreneurship Network

The Global Entrepreneurship Network operates projects and programs in 180 countries to make it easier for anyone, anywhere to start and scale a business. By fostering deeper cross-border collaboration and initiatives between entrepreneurs, investors, researchers, policymakers and entrepreneurial support organizations, GEN works to fuel healthier start and scale ecosystems that create more jobs, educate individuals, accelerate innovation and strengthen economic growth. For more information, visit www.genglobal.org.

Pauly Suchy

Director for Startup Programs | Global Entrepreneurship Network

Pauly is the Director for Startup Programs at the Global Entrepreneurship Network (GEN), where he is responsible for running and growing GEN's key… More