Rihanna’s Gather Ventures Fuels African Women-Led Climate Resilience
Pop icon and philanthropist Rihanna, through her Clara Lionel Foundation, is backing Gather Ventures, an African-led, women-founded fund. This groundbreaking initiative, spearheaded by founding director Jo Opot, is poised to invest in African businesses committed to building climate resilience. Gather Ventures represents a significant shift in climate finance, prioritizing impactful investments in areas often overlooked by conventional funding models, which are especially important for the African tech landscape.
Flexible Funding for African Climate Solutions
Gather Ventures distinguishes itself through its adaptable approach to funding. The fund provides various financial instruments, including grants, loans, equity investments, and working capital. This flexibility allows them to tailor support to the unique challenges faced by early-stage African entrepreneurs, especially those navigating the complex realities of building climate solutions. The fund strategically focuses on ventures that promote economic empowerment for women and girls, recognizing gender equity as a critical driver of climate action and a significant factor in sustainable development within the African context. According to Opot, Gather Ventures is committed to “investing in systems change”, highlighting their approach to supporting broader changes in the economic landscape.
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