Obuntu Foundation and MEDA Partner to Launch Third Cohort of African Fund Manager Program

The Obuntu Foundation has partnered with Mennonite Economic Development Associates (MEDA) to launch the third cohort of its Launchpad Program. This initiative aims to support early-stage African-focused fund managers with training, mentorship, and resources to build successful funds and drive economic development across the continent.

The Launchpad Program, now in its third year, is a 12-month initiative designed to equip first-time fund managers with the necessary tools and knowledge to invest in African startups. The program includes tailored training, LP engagement opportunities, and a collaborative network for knowledge sharing and deal flow.

Why this matters: This partnership has the potential to catalyze economic growth and innovation across Africa by supporting early-stage fund managers. As the African venture capital landscape continues to evolve, initiatives like the Launchpad Program will play a crucial role in driving development and creating opportunities for startups and entrepreneurs.

Since its inception in 2022, the Obuntu Launchpad Program has successfully completed two cohorts. The program features practitioner-led sessions by industry experts such as Lewam Kefela from Partech, Andreata Muforo from TLcom Capital, and Fope Adelowo from Helios.

The partnership between Obuntu Foundation and MEDA aims to catalyze the energy of the venture capital ecosystem to support first-time fund managers investing in African startups. This collaboration is expected to foster innovative fund models tailored to the unique needs of African startups.

The call for nominations to the third cohort of the Obuntu Launchpad Program is now open. The program is expected to run for 12 months, providing participants with a comprehensive framework to build and manage successful funds.

Obuntu Foundation, known for its role in nurturing the next generation of Africa-focused fund managers, and MEDA, a global non-profit organization focused on economic development and entrepreneurship, are optimistic about the impact of this partnership on the African venture capital landscape.

As the third cohort of the Obuntu Launchpad Program begins, the focus remains on providing early-stage fund managers with the skills and resources needed to drive economic development and innovation across Africa.

Key Takeaways

• Obuntu Foundation partners with MEDA to launch 3rd cohort of Launchpad Program.
• Program supports early-stage African-focused fund managers with training and resources.
• Initiative aims to drive economic development and innovation across Africa.
• 12-month program includes training, LP engagement, and collaborative network.
• Call for nominations to 3rd cohort is now open, focusing on first-time fund managers.