How to convince local HNWIs to invest in African startups, according to Marge Ntambi
- Benue Capital organized a summit to educate Ugandan HNWIs on the value of Africa's tech ecosystem.
- Marge Ntambi emphasized that local investors bring capital, networks, and experience that are crucial for ecosystem success.
- The firm highlighted the success of Asaak, a Ugandan fintech that expanded into Latin America, to illustrate the potential of local startups.
The efforts by Benue Capital to engage local investors in Uganda's tech ecosystem are commendable and necessary for sustainable economic growth. However, the challenge remains in changing deeply ingrained investment habits and perceptions about risk. Continued education and showcasing successful local ventures will be crucial in building trust and encouraging participation from HNWIs.
