The Obuntu Foundation, a pioneering initiative aimed at fostering the next generation of Africa-focused fund managers, has announced a partnership with the Mennonite Economic Development Associates (MEDA). MEDA is a non-profit organization aimed at empowering economic development and entrepreneurship.
This partnership will see the two organization help equip early-stage fund managers with the critical tools and expertise needed to establish and manage successful funds within the African investment landscape.
The Obuntu Launchpad Program
The Obuntu Foundation and MEDA partnership program will be channeled through the Obuntu Launchpad Program, a 12-month initiative that imparts customized training, a collaborative network for sharing knowledge, opportunities for Limited Partner engagements, and deal flows.
“We are thrilled to collaborate with MEDA, an organization that shares our dedication to empowering African entrepreneurs and fostering economic development. This partnership validates our achievements to date and will significantly enhance our Launchpad Fellowship, providing our fellows with unparalleled access to MEDA’s extensive network, resources, and expertise,” – said Wambui Kinya, a co-founder of Obuntu Foundation.
The programs’ participants will benefit from mentorship, assisted fundraising campaigns, and promotion of their innovative fund models especially those focused on African startups.
The Obuntu Launchpad Program will feature sessions directed by industry experts and practitioners, such as Fope Adelowo from Helios, Lewam Kefela of Partech, and Andreata Muforo of TLcom Captial.
Notable Obuntu Launchpad Fellowship Achievements
This fellowship was founded in 2022 and has graduated two cohorts of 24 fund managers representing 21 funds with a combined target of $281 million in Assets Under Management (AUM).
Some high-profile fund managers who have come from the program include Yewande Odumos (Founding Partner — HoaQ), Emmanuel Adegboye (Head of Madica), and Thandeka Xaba (General Partner at Savant).
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