Kuramo Capital Management, an investment management firm with a focus on Sub-Saharan Africa (SSA) has revealed plans to invest $150 million in female-led enterprises over the next 10 years.
The investment will be done under the Moremi Platform, an initiative to empower the next generation of African women enterprises and promote gender-equitable fund management.
Details
The Moremi platform is a three-pillar initiative involving an accelerator program, a warehousing/lending facility, and a Fund of funds.
The firm has unveiled the first cohort of the accelerator program, which also serves as a mentorship, capacity-building, and technical assistance platform, targeting 40 female entrepreneurs and fund managers annually.
The accelerator program offers a structured curriculum for capacity building, technical assistance, and mentoring for women in business, addressing the knowledge gap, particularly for female fund managers in Africa.
Why This Matters
According to Kuramo CEO and Founder Wale Adeosun, the program will address the huge funding and knowledge gap for women in business, a major barrier to inclusive, sustainable economic and social development of countries in Africa.
This includes sharpening the skills of women fund managers who will in turn help promote the growth of women-driven enterprises.
What They’re Saying
“We believe that, just as we were able to address gaps with African GPs (fund managers) in the past, we can achieve a similarly catalytic impact with our gender lens initiative,” Kuramo CEO and Founder Wale Adeosun said.
“The Accelerator Program is being launched at such a critical time in Africa’s investing story and we are excited by the traction. Despite an increased flow of capital to Africa, women have still been underrepresented at all levels of the investment landscape. Our goal is to address this barrier and improve the ecosystem by supporting female-led African private equity and venture capital funds,” says Sarah Ngamau, Managing Director, Moremi Fund.
By The Numbers
The World Economic Forum has identified Sub-Saharan Africa as having the world highest rate of women involved in entrepreneurial activity, with women making up 58% of Africa’s self-employed population. Building on this strong foundation, Africa requires strategies that prioritize gender-smart investment practices.
Kuramo was established in 2011 and has since mobilized over $3.5 billion to support over 200 companies and create over 50,000 jobs in Africa.
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