From 9 to 13 September 2024, Boost Africa and AfricaGrow will host 44 leading fund managers from 33 African venture capital (VC) funds, including Partech, AfricInvest, TLcom, Norssken, Speedinvest, and others at Oxford university’s Saïd Business School.
The Africa Venture Finance Programme (AVFP), a week-long, in-person course, has been developed specifically for VC fund managers investing in early and growth-stage technology companies in Africa.
Attendees from across the continent will participate, with half of them being women, highlighting the industry’s need for greater inclusion of women at senior levels.
The programme supports the growth of Africa’s technology venture capital sector. Fund managers will be equipped to identify and fund innovative solutions, addressing Africa’s unique challenges. They will share expertise and facilitate discussions to drive rapid growth in Africa’s technology venture capital sector.
“The EIB is committed to financing new technology and ideas that will address the global challenges we all face,” said EIB Vice-President Ambroise Fayolle. “We are proud of Boost Africa’s role in supporting a vibrant and resilient VC ecosystem in Africa and helping African entrepreneurs transform their ideas into successful businesses.”
Oxford Programme Director Aunnie Patton Power commented, “The African Venture Finance Programme exemplifies the kind of impactful, high-caliber initiatives we strive to offer at Saïd Business School. We take pride in our deep connections with the African continent, reflected in our students, alumni, and faculty, and we are excited to continue fostering the growth of emerging leaders through our programmes.”
Martin Ewald, Lead Portfolio Manager Impact Investments at Allianz Global Investors, commented, “At AfricaGrow, we are proud to serve as a catalyst for private capital into the African venture capital ecosystem. Our investments and technical assistance programs are designed to empower local first-time funds, extending our impact beyond our immediate portfolio. The Africa Venture Finance Program offers a unique opportunity for fund managers to exchange knowledge, create strong networks and forge valuable partnerships.”
In addition to Oxford academic staff, prominent investors and technology experts from around the world will engage with participants on various topics. This includes renowned African investors and AVFP alumni Khaled Ben Jilani from AfricInvest, Keet van Zyl from Knife Capital, and Ido Sum from TLcom.
Attending fund managers will also have the opportunity to interact with representatives not only from the programme sponsors, the European Investment Bank and AllianzGI/ KfW/ DEG Impact, but also from development banks and international organizations such as the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), British International Investment (BII), the Dutch Entrepreneurial Development Bank (FMO), the French Proparco development finance institution, and others.
Additionally, the Alliance for Entrepreneurship in Africa and the Investing in Young Businesses in Africa (IYBA) initiative supported by the European Union (EU), will conduct a workshop to increase the coordination and cooperation between programmes helping investment funds and technology companies in Africa.
Boost Africa and AfricaGrow aim to have a catalytic effect on the emerging African start-up ecosystem by investing in and technically supporting VC funds in Africa. This week at Oxford Saïd Business School is unique in creating a platform for leading African VC managers to come together, learn from each other and be exposed to the latest theory and practices on venture funding.
The Africa Venture Finance Programme is supported by the EU via the Boost Africa programme and by the AfricaGrow Technical Assistance Facility.
