The Obuntu Foundation, in partnership with the Mennonite Economic Development Associates (MEDA), is calling for nominations for its Launchpad Program.
This initiative targets Africa-focused fund managers who aim to make significant investments on the continent. The program provides a robust support system to help fund managers grow their operations and impact.
What is the Obuntu Launchpad Program?
The Obuntu Launchpad Program is a year-long fellowship designed to support early-stage fund managers focused on African markets. The program offers:
Tailored training
Participants receive customized training to improve their investment strategies and operational skills. This training helps fund managers better navigate the unique challenges of African markets.
Mentorship
Experienced industry experts such as Lewam Kefela (Partech), Andreata Muforo (TLcom Capital), and Fope Adelowo (Helios) provide mentorship.
These experts offer valuable insights and guidance, helping participants refine their approaches.
Networking opportunities
The program provides access to a network of fellow fund managers, investors, and entrepreneurs. This collaborative environment fosters knowledge sharing and deal flow, which are crucial for success.
Capital support
Participants receive assistance with fundraising. This includes connecting with potential investors and promoting innovative fund models tailored to African startups.
Who should be nominated?
The program is ideal for fund managers who:
- Have experience investing in Africa
- Are in the early stages of their fund management journey
- Are actively working on building a new fund
- Represent diverse profiles, from local startup operators to experienced roles within venture capital (VC) funds
How to nominate a fund manager
Applications for the Obuntu Launchpad Program are invite-only. Only nominated fund managers may be invited. To nominate a fund manager, you can use the nomination form.
The nomination process involves:
- Submitting a nomination: Complete the nomination form with detailed information about the fund manager’s focus, strategy, and current operations.
- Review and selection: Nominations are reviewed by a panel of experts. Shortlisted candidates are invited for interviews and further assessment.
- Program onboarding: Successful nominees are onboarded into the program and begin their journey of growth and development.
Benefits of participation
Selected fund managers will benefit from:
Strategic partnerships
Collaborations with financial institutions and development organizations enhance the credibility and reach of participating funds.
Capacity building
Intensive training modules cover essential aspects of fund management, including regulatory compliance and investor relations. This helps participants build and operate successful funds.
Visibility and credibility
Increased exposure through Obuntu’s marketing and public relations efforts enhances the visibility and credibility of participating fund managers.
Ongoing support
Continuous mentorship and fundraising assistance are provided, ensuring long-term success and impact.
Success stories
Since its launch in 2022, the Obuntu Launchpad Program has supported 24 fellows representing 21 funds. These fellows manage a combined target of $281 million in assets.
Notable alumni include Yewande Odumoso, Aly El Shalakany, and Thandeka Xaba, who are actively investing across Africa.
Conclusion
The Obuntu Launchpad Program offers a unique opportunity for Africa-focused fund managers to accelerate their growth and amplify their impact.
By providing essential support and resources, Obuntu is fostering a robust investment ecosystem that can drive sustainable economic development across the continent.
For more information and to nominate a fund manager, visit the nomination form.
Obuntu’s initiative is a significant step towards unlocking the potential of African markets and contributing to the continent’s long-term prosperity.