Africa-focused fund managers have been invited to apply for the Obuntu Launchpad program to advance their investment approach, optimize fund outcomes, and expand their impact.
Run by the Obuntu Foundation, a catalyst for the next generation of Africa-focused fund managers, in partnership with Mennonite Economic Development Associates (MEDA), a global non-profit organization focused on economic development and entrepreneurship, applications for the third cohort of the Obuntu Launchpad programme are now open.
The 12-month program equips early-stage fund managers with essential tools and expertise to build and operate successful funds within an African context. It provides tailored training, LP engagement opportunities, and a collaborative network for knowledge sharing and deal flow.
By catalyzing the energy of the venture capital ecosystem to support first-time fund managers investing in belief capital, MEDA, and Obuntu ensure that successful participants receive ongoing support. This includes mentorship, fundraising assistance, and promoting innovative fund models tailored to the unique needs of African startups. The fellowship features practitioner-led sessions by industry experts such as Lewam Kefela (Partech), Andreata Muforo (TLcom Capital), and Fope Adelowo (Helios).
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Since its launch in 2022, the Obuntu Launchpad Fellowship has successfully run two cohorts, supporting 24 fellows representing 21 funds with a combined target Assets Under Management (AUM) of US$281 million. Notable alumni include Yewande Odumoso, founding partner at HoaQ; Aly El Shalakany, managing partner at Acasia; Thandeka Xaba, general partner at Savant; and Emmanuel Adegboye, head of Madica.
The partnership with MEDA will strengthen the Obuntu Foundation’s mission of empowering a thriving ecosystem of African fund managers. By attracting significant investments from both local and international backers, this collaboration injects vital capital into a continent where startups remain underfunded yet abound with potential.
“We are excited to join forces with MEDA, an organization 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 unparalleled access to MEDA’s vast network, resources, and expertise.”
