Obuntu Calls for African Fund Managers to Join Its Launchpad Program

The Obuntu Foundation has announced a strategic collaboration with Mennonite Economic Development Associates (MEDA). MEDA is a global non-profit organization focused on economic expansion and entrepreneurship. The partnership has led to the Obuntu Launchpad Application Program, which is now open.

Obuntu Launchpad Application Is Now Open

As part of the partnership, the call for nominations to the third cohort of the Obuntu Launchpad Program is now open. African-focused fund managers, who want to advance their investment approach, optimize fund outcomes and expand their impact, can apply. 

The Obuntu program was launched in 2022. The Launchpad Fellowship has successfully run two cohorts. It has supported 24 fellows while 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. Also, the general partner at Savant, Thandeka Xaba, and Emmanuel Adegboye, head of Madica. 

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Obuntu Launchpad Application To Lead To Startup Support

The 12-month program provides early-stage fund managers with the vital tools and expertise to create successful funds within an African context. It provides tailored training, LP engagement opportunities, and a collaborative network for knowledge sharing and deal flow. 

MEDA and Obuntu ensure successful participants will receive ongoing support. The support is in the form of mentorship, fundraising assistance, and promoting innovative fund models. It is tailored to the unique needs of African startups. 

Experts In Charge Of The Program

The fellowship features practitioner-led sessions by industry experts like Lewam Kefela (Partech), Andreata Muforo (TLcom Capital), and Fope Adelowo (Helios). 

The partnership with MEDA will enhance the Obuntu Foundation’s goal of empowering a dynamic network of African fund managers. This collaboration will attract substantial investments from local and international supporters. Consequently providing vital funding to Africa where promising startups often lack sufficient financial support.

Wambui Kinya, co-founder of the Obuntu Foundation, said, “We are excited to join forces with MEDA. It is an organization that shares our passion for empowering African entrepreneurs and driving economic development.

He highlighted that the collaboration validates the success of the company and enhances the program. 

“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. “

Interested in the Obuntu Launchpad application Program? Apply here 

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