Top African fund managers gather at Oxford’s Saïd Business School to support Africa’s tech innovation boom

Download logo

From September 12-16, 2022, Boost Africa Technical Assistance Facility and AfricaGrow Technical Assistance Facility will host 40 leading fund managers from select African investment funds for an in-person program hosted at Saïd Business School in Oxford University. The objective of the program is to engage in dialogue and expand expertise to lead Africa’s exponential growth in technology venture capital (VC).

The Africa Venture Finance Program is designed specifically for venture capital fund managers investing in early-stage and growth-stage technology companies in Africa. The week-long course will focus on peer-to-peer best practice and knowledge sharing, and provide cutting-edge information and learning opportunities in all relevant aspects of fund management.

A total of 15 funds will be represented, with attendees including fund managers from AfricInvest, Knife Capital, TL Com Capital, Ventures Platform Fund, Janngo Capital, Atlantica Ventures and others. Reflecting the industry-wide need to improve the inclusion of women ( at senior levels, more than half (62%) of participating fund managers are women .

Fund managers will also have the opportunity to interact with business leaders, industry experts as well as representatives from development finance institutions (DFIs) such as the European Investment Bank and DEG Invest.

Africa’s tech ecosystem has grown by leaps and bounds in recent years, tripling from 2020 to USD 5.2 billion ( in 2021. However, the proportion of African-led start-ups receiving significant funding remains woefully low, remaining in single digits ( In addition to its intrinsic benefit, locally-led leadership is key to channeling venture capital investments into innovations that effectively address challenges within and outside Africa. African start-ups have proven to be competitive, profitable and world-class when they have the support and expertise of investors and fund managers who truly understand their value and growth potential.

This program therefore aims to bring together African fund managers at the forefront of the continent’s unique growth trajectory, leveraging their own expertise as well as that of key ecosystem players to usher in the unicorns of tomorrow led by Africa.

“The EIB is committed to supporting high-impact innovation investments around the world. We are pleased to support the Boost Africa program which shares investment best practices to enhance the sustainable impact of investment partners across Africa.Ambroise FayolleVice-President of the European Investment Bank.

“We are extremely excited to bring together a group of leading African venture capital funds for this course in Oxford. Over the course of the week, attendees will engage with global venture capital experts, Oxford professors and, most importantly, each other. We hope the course will contribute to strengthening and connecting the African venture capital ecosystem.Aunnie Patton PowerProgram Director, Oxford Said Business School.

“AfricaGrow and Boost Africa both aim to have a catalytic effect on the emerging ecosystem of African start-ups, by investing and supporting venture capital funds in Africa. This week at Oxford Said Business School is very unique in bringing together 40 of Africa’s most relevant investors and will certainly help deepen the conversation on how we can ensure the continent’s most promising founders have a chance. to start and grow their businesses. .”David van DijkTeam Leader, Boost Africa Technical Assistance Facility.

The authors take full responsibility for the content of this article. The opinions expressed do not necessarily reflect the views of the European Union or the European Investment Bank.

Distributed by APO Group on behalf of the European Investment Bank (EIB).

Press contacts:

Richard Willis
[email protected]
Such. : +352 43 79 82155 / Mobile: +352 621 55 57 58
Press office: +352 4379 21000 – [email protected]

Boost Africa:
[email protected]

Social media:

RSS feed:

EIB Global:

Boost Africa:

About BEI Global:
EIB Global ( is the new specialist arm of the EIB Group dedicated to increasing the impact of international partnerships and development finance. EIB Global is designed to foster a strong and focused partnership within Team Europe (, alongside other development finance institutions and civil society. EIB Global brings the Group closer to local people, businesses and institutions through our offices around the world (

About Boost Africa:
The Boost Africa Technical Assistance Facility provides tailored support to build the core professional and operational skills of partner fund managers and their grantees to realize the growth potential of innovative technology start-ups and small and medium enterprises. (SMEs) with strong growth in the sub-regions. Saharan Africa. The Facility is funded by the European Union and the Organization of African, Caribbean and Pacific States, through the 11th European Development Fund. The financing is managed by the European Investment Bank (EIB) and implemented by Adam Smith Europe, part of the Adam Smith International group. The Technical Assistance Facility is part of the broader Boost Africa programme, a joint initiative launched by the EIB and the African Development Bank (AfDB) to foster and strengthen entrepreneurship and innovation in sub-Saharan Africa.

About AfricaGrow:
AfricaGrow is a German-domiciled fund of funds, which aims to support small and medium-sized enterprises (SMEs) and start-ups on the African continent by investing in pan-African regional and national private equity and venture capital funds with proven track record and capabilities. The Fund intends to have a catalytic effect on the emerging and dynamic ecosystem of African SMEs and start-ups, and thus contribute to the promotion of jobs and incomes, as well as the strengthening of sustainable economic growth. As a legally independent entity, AfricaGrow is a central instrument of the Compact with Africa (CwA) initiative, launched in 2017 under the 50 German G20 Presidency. The Technical Assistance Facility is financed by the German Ministry for Economic Cooperation and Development (BMZ), while the fund is managed by Allianz Global Investors and advised by DEG Impact GmbH.

This press release was issued by APO. Content is not vetted by the African Business editorial team and none of the content has been checked or validated by our editorial teams, proofreaders or fact checkers. The issuer is solely responsible for the content of this announcement.

Comments are closed.