The Obuntu Foundation, a catalyst for the next generation of Africa-focused fund managers, has announced a strategic partnership with Mennonite Economic Development Associates (MEDA), a global non-profit organization focused on economic development and entrepreneurship.
As part of the collaboration, the call for nominations to the third cohort of the Obuntu Launchpad Program is now open, inviting African-focused fund managers to advance their investment approach, optimize fund outcomes, and expand their impact.
The Obuntu Launchpad Program, supported by MEDA, equips early-stage fund managers with the essential tools and expertise to build and operate successful funds within an African context. The 12-month program provides tailored training, LP engagement opportunities, and a collaborative network for knowledge sharing and deal flow.
By catalyzing the venture capital ecosystem, MEDA and Obuntu ensure that successful participants will receive ongoing support, including mentorship, fundraising assistance, and promoting innovative fund models tailored to African startups.
The fellowship features practitioner-led sessions by industry experts and has successfully supported 24 fellows representing 21 funds with a combined target Assets Under Management (AUM) of $281 million.
The partnership with MEDA will strengthen the Obuntu Foundation’s mission of empowering a thriving ecosystem of African fund managers, attracting significant investments from local and international backers, and injecting vital capital into the continent.
“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.
