Obuntu Launchpad programme invites applications from Africa-focused fund managers

To enhance their investment strategy, maximize fund returns, and broaden their influence, fund managers with an emphasis on Africa are encouraged to apply for the Obuntu Launchpad program.

Applications are now being accepted for the third cohort of the Obuntu Launchpad program, which is run by the Obuntu Foundation, a catalyst for the next generation of fund managers with an emphasis on Africa. This is made possible through a strategic partnership with Mennonite Economic Development Associates (MEDA), a global non-profit organization that focuses on economic development and entrepreneurship.

Through specialized training, LP engagement opportunities, and a cooperative network for knowledge sharing and deal flow, the 12-month program gives early-stage fund managers the skills and knowledge they need to establish and run profitable funds in an African setting.

First-time fund managers investing in belief capital can be supported by MEDA and Obuntu by harnessing the energy of the venture capital ecosystem. This guarantees that successful participants will receive ongoing support, which includes fundraising aid, mentorship, and the promotion of creative fund models that are specifically suited to the needs of African startups. Industry leaders like Lewam Kefela (Partech), Andreata Muforo (TLcom Capital), and Fope Adelowo (Helios) lead sessions for practitioners as part of the fellowship.

The Obuntu Launchpad Fellowship was established in 2022 and has since completed two cohorts of successful applications, providing support to 24 fellows who represent 21 funds with a target Assets Under Management (AUM) of US $281 million. Aly El Shalakany, managing partner at Acasia; Thandeka Xaba, general partner at Savant; Yewande Odumoso, founding partner at HoaQ; and Emmanuel Adegboye, head of Madica.

The goal of the Obuntu Foundation is to empower a thriving ecosystem of African fund managers, and this partnership with MEDA will strengthen that goal. This partnership brings much-needed capital to a continent where startups are still underfunded despite their abundance of potential, by drawing large investments from both domestic and foreign investors.

“We are excited to join forces with MEDA, an organisation that shares our passion for empowering African entrepreneurs and driving economic development,” said Wambui Kinya, co-founder of the Obuntu Foundation. “This partnership serves as a validation of our successes to date and will significantly enhance our Launchpad Fellowship, providing our fellows with unparallelled access to MEDA’s vast network, resources, and expertise.”