There aren’t many local investors interested in backing African startups. So every new one counts. Sim Shagaya just swelled the still thin ranks of angel investors on the continent with his investment in Go My Way, a new ridesharing startup whose launch we have just reported.
Sim Shagaya is currently the CEO of Konga.com, one of the leading ecommerce websites in Nigeria, rivalled only by Rocket Internet’s Jumia. Before Konga, Sim has started and exited successful ventures — most notably E-Motion and Dealdey.
This is Sim’s first public angel investment, and in his words, he hopes to do more in the near to long term.
It is an encouraging turn of events. The Nigerian technology ecosystem is still far from coming of age, but the early signs of a mature ecosystem are when successful founders don’t just go off and startup new ventures, but also begin to invest in new founders. We’ve seen Chika Nwobi, Jason Njoku and Tayo Oviosu do it. Welcome, Sim.