Kuramo Capital Invests $150M in African Women-Led Businesses

Kuramo Capital, a famous investment firm, has pledged $150 million (Ksh 22 billion) over the next decade to help African women-led enterprises. The project, coordinated by CEO Wale Adeosun, intends to close the financial gap that many female innovators confront while also promoting diversity and long-term growth.

The funds will be managed by the Moremi Platform, which includes an accelerator program, a warehousing/lending facility, and a fund. The accelerator program, which offers mentorship and technical help, has already recruited its inaugural cohort of 40 female entrepreneurs and fund managers, with the goal of bridging knowledge gaps, particularly among African female fund managers.

"Despite an increased flow of capital to Africa, women have still been underrepresented at all levels of the investment landscape," said Sarah Ngamau, Managing Director of Moremi Fund. Our mission is to help African private equity and venture capital funds run by women."

This grant intends to alleviate the gender inequality in Sub-Saharan Africa, where women entrepreneurs account for 58% of the self-employed population. Kuramo Capital has invested over $3.5 billion (Ksh 73.8 billion) in 200 African firms and created 50,000 employments since 2011. Kuramo Capital's aim is to assist long-term business growth in a variety of industries.