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Silicon Valley investor Tim Draper coming to Tanzania for Angel Fair Africa 2019

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Silicon Valley investor Tim Draper is coming to the 7th Angel Fair Africa taking place in Dar, Tanzania from the 10th to 11th of October 2019. as a keynote speaker.

Draper is an American venture capital investor and founder of Draper Fisher Jurvetson (DFJ), Draper University, Draper Venture Network, and Draper Associates.

Draper’s prominent investments include Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity, Twitter, DocuSign, Coinbase, Ancestry.com, Twitch.tv, Cruise Automation, and Focus Media. Tim is a major proponent of Bitcoin and decentralization and is one of the most renowned and successful venture capitalists in the world and one of the most powerful and influential people in Silicon Valley.

Draper will be joined by Ali Mufuruki, Andile Ngcaba to discuss the role of technology and innovation and invest in the entrepreneurs fostering social and economic development on the continent.

Ali Mufuruki is a successful Tanzania businessman and board member of several organisations. He is the founder of Infotech Investment Group, founding chairman of CEO Roundtable of Tanzania and Africa Leadership Initiative (ALI) East Africa, board chairman of Vodacom Tanzania and Wananchi Group Holdings, trustee of the Mandela Institute for Development Studies (MINDS) and co-author of the book Tanzania’s Industrialisation Journey.

Andile Ngcaba is a commissioner of the Presidential Commission on the 4th Industrial Revolution set up by President Cyril Ramaphosa of South Africa. Andile is also the Chairman of Convergence Partners through which he has invested in infrastructure and communications companies like Seacom, Intelsat New Dawn, FiberCo, Dimension Data, Synergy Communications and CSquared with Google.

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The event, which has been held in Johannesburg (SA) 2013, Lagos (Nigeria) 2014, Accra (Ghana) 2015, Nairobi (Kenya) 2016, Abidjan (Ivory Coast) 2017 and Maputo (Mozambique) 2018 resulting in about $23M worth of deals and 1 exit, will this year bring 100 investors and entrepreneurs from within and outside Africa.

This year’s event in to Dar, Tanzania will see investors do deals, network and learn from one another.

Mwasi Wilmore, CEO of Wilmore
Group said “bringing
together a diverse mixture of the business community, innovators, and investors
within Tanzania, across Africa and the world would create the right environment
to facilitate strategic investment, foster partnerships and strengthen the
network that would catalyze the local ecosystem and drive change”.

According to Jumanne Rajabu Mtambalike, CEO of Sahara Ventures, the week which would start with workshops, an entrepreneurs bootcamp followed by Sahara Sparks then Angel Fair Africa is crafted to explore the many levels of engagement when it comes to Africa’s leadership of the 4th Industrial Revolution.

Salum Awardh, Founder of the Tanzania
Angel Investor Network (TAIN) reckons that Angel Fair Africa would help
consolidate the various efforts locally and within the continent towards
investments in innovative ventures that would spearhead Africa’s leadership of
the 21st century in which Tanzania has a critical role to play.


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