TANZANIA – SSC Capital, a corporate advisory and investment management firm, has partnered with Halal Angel Network (HAN) from India to tap the fast-growing African Muslim market.
Halal Angels Network was launched to promote innovation, entrepreneurship and start-ups, and inspire investors across the world to tap into the Halal consumer sector that will be worth US$9.71 trillion by 2025, and which is projected to grow into a potential US$5 trillion by 2030.
The angel network is adopting new, innovative technology to digitise the way they present, distribute and manage Halal-based deals. In doing so, angel investors will benefit from greater access to deal flow which can be profiled based on their interests, risk appetite and current portfolio.
“More than 80 percent of Africa’s population growth over the next few decades will occur in cities, making it the fastest-urbanizing region in the world. In total, we expect annual spending by African consumers and businesses to reach US$6.66 trillion by 2030, up from US$4 trillion in 2015,” according to Brookings Institute.
According to a statement, both Halal Angels Network and SSC Capital will work together to co-host events in Africa, help connect investors with businesses, entrepreneurs & startups and offer consulting services.
“Opportunities for investing in game-changing start-ups are ever increasing, we currently see many solutions by entrepreneurs coming to the market with disruptive and high-growth potential business models,” Salum Awadh, Founder & CEO, SSC Capital said.
“But all this will be massive if these entrepreneurs get the right investment, with the right mentorship, at the right time. The Halal Angels Network and SSC Capital are forming this great potential partnership, sharing decades of industry experience and exposure, and we are hopeful that it will also change the landscape of halal angel investing globally.”
Halal Angels Network is now calling for angel investors to join them and discover over 1,000 investment opportunities within the flourishing market – from pharmaceuticals and modest fashion through to food and tourism.
“With over 1.5 billion Muslims in the world, the Halal industry offers tremendous opportunities across the Middle East, North Africa and South Asia. Based on the available data & research we focussed on signing up our first partnership in Africa with SSC Capital,” Dr Tausif Malik, Founder of Halal Angels Network, said.
“We felt that SSC Capital was the right partner to tap the East African Startup & Halal market,” he added.
Recently Halal Angels Network tied up with Fintech major Delio to use their digital platform to showcase Halal-based deals to a much more international audience, connecting angel investors across the world not just with deals, but also with each other.
SSC Capital is a corporate advisory and investment management firm with 10-year industry experience in creating value to clients, investors and local community.
The company offers hybrid solutions in consulting, investment banking, financial services, private equity and venture capital, training, BPO services and sustainability advisory.
The Halal Angels Network was launched to promote innovation, entrepreneurship and startups during the COVID-19 pandemic to help investors, businesses, entrepreneurs & startups overcome the challenging times.
It is based on the traditional Angels Network format, where angel investors and startups network with each other. It has partnered with Halal Board India.
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