A group of private impact angel investors named chapter chairs in Wilmington, Washington, D.C., and Charlotte
WASHINGTON, D.C. —
The Impact Angel Network, a group of impact investors dedicated to making financial and social returns on investments in Africa, named chapter chairs for the Wilmington, Delaware, Washington, D.C. and Charlotte, North Carolina chapters in July 2014.
This year’s chairs are Jeff and Donna Turi in Wilmington, Dr. Andrew Umhau in Washington, D.C. and Alan Gardner in Charlotte. Each chapter meets regularly to review investment opportunities, and takes trips to Africa to look at investments and advise on the growth of their portfolio companies. Members of the chapters have invested in three businesses in Ethiopia within the past year: Metad Agricultural Development PLC, an Ethiopian specialty coffee company, Mama Fresh Injera PLC, an Ethiopian commercial manufacturer and exporter of fresh-baked injera, and dVentus Technologies PLC, a clean energy company.
In addition to the three current chapter cities, network members live in Virginia, Texas, Georgia, Minnesota and California. Network members are accredited investors who believe in using market-based solutions for wealth creation in Africa. The Impact Angel Network is managed by RENEW LLC, an investment advisory and management consulting firm based in Addis Ababa, Ethiopia and Washington, D.C., U.S.A. Members have exclusive access to RENEW’s investment pipeline, and take regular, guided trips to Africa to assess opportunities, attend board meetings, consult with companies, meet with diplomats and government leaders and experience new cultures.
To learn more about the Impact Angel Network, visit www.theimpactangelnetwork.com.