Alami Capital Launches Initiative to Fund African Women-Led Startups
Alami Capital, an investment firm dedicated to connecting entrepreneurs with crucial financial resources and executing projects, has launched The LaunchPad, a venture-building platform specifically designed to support women-owned startups in Africa. This comprehensive initiative provides capital, regulatory guidance, and crucial support to ensure these businesses are investor-ready. The LaunchPad was presented at GITEX Nigeria in Lagos on September 3rd and 4th, an event co-hosted with Nigeria’s National Information Technology Development Agency (NITDA), Keystone Bank, and the Securities and Exchange Commission (SEC), demonstrating a collaborative approach to addressing this critical issue.
Addressing the Funding Gap for Women in African Tech
The LaunchPad is a strategic intervention aimed at correcting the significant undercapitalization of women-led startups across the African continent. Alarmingly, female-led businesses in Africa secured a mere $48 million in funding during 2024. This represents only approximately 2% of the total $2.2 billion in funding allocated across the entire African tech ecosystem. To combat this, The LaunchPad aims to create a carefully curated pipeline of investment-ready businesses, enabling them to effectively receive and deploy capital across key growth sectors. The dedicated exhibition zone at GITEX Nigeria showcased the platform, emphasizing its commitment to supporting African female founders.
In conclusion, The LaunchPad represents a significant step towards fostering a more equitable funding landscape for women entrepreneurs in Africa. By providing a comprehensive support system, Alami Capital is actively working to unlock the potential of women-led startups, contributing to economic growth and innovation across the continent.
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