WEST AFRICA – ShEquity, an investment vehicle that focuses on providing smart and sustainable investments for African female entrepreneurs, has announced the launch of ShEquity West Africa VC Fund and the ShEquity Business Accelerator (SHEBA), offering female founders funding as well as venture building and technical support.
So far it has invested in three companies – Kenyan insect-based feed manufacturer Ecodudu, Kenyan data and AI startup Superfluid Labs, and Zambia’s WidEnergy, a last mile distributor of clean, reliable, and affordable energy solutions.
“Through SHEBA, we plan to onboard 30 female entrepreneurs each year, who will receive venture building and technical support. Of these, qualifying entrepreneurs will receive investment from our VC fund. Our goal is to build an investment ecosystem that unlocks the potential of African female entrepreneurs,” Pauline Koelbl, founder and managing partner at ShEquity, said.
“We are interested in innovative, sustainable and impactful businesses that can generate revenue within one year, and we focus on the following sectors – natural resources, the digital economy and fintechs, the hospitality and service industry, agriculture, healthcare, and FMCGs.”