I have observed quite a few entrepreneurs trying to raise seed investments for tech startups in Africa over the last few years. I myself raised $150k for Tanzania’s first e-commerce travel portal 2 years ago. I have also seen startups here in Silicon Valley raise money as part of my work at i/o ventures. And yes, I was at Pivot25 last year and saw the significant angel investment gap that exists when most investors present were saying they don’t put in less than $1M and had little to no relevant tech experience. Impact investors are also showing interest in Africa but they don’t seem to be taking any real risk with early stage tech startups, when technology probably offers the most impactful and scalable change in Africa. But let’s face it folks, raising seed funding is hard enough for normal start-ups- I would say its at least twice as hard in Africa- even though Africa is uniquely positioned and there is rising curiosity and recognition of real growth investment opportunities outside of BRIC countries. I see both sides, Africa originated start-ups coming to Silicon Valley to find tech savvy angel investors, to foreigners (mostly Americans) trying to raise money everywhere for a new market as they bring their pioneering spirit like Africa is the last gold rush.
I will start each point with generic advice applicable to any start-up and then I hone in on Africa relevant issues-“Reality of Africa”. I hope this helps start-ups navigate a difficult but necessary process if we are to see more entrepreneurial activity and to grow the ecosystem in Africa.

Link ~> http://savannah.vc/2012/01/31/7-steps-to-raising-seed-investment-for-africa-focused-tech-startups/#.VBMlWFRdU8p