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Supporting Women Entrepreneurs in Africa
Alami Capital has recently launched The LaunchPad, a groundbreaking initiative aimed at bridging the funding gap for women-led startups across Africa. This venture-building platform was highlighted during the GITEX Nigeria event, which took place in Lagos on September 3-4, 2025. Co-hosted by Nigeria’s National Information Technology Development Agency (NITDA), Keystone Bank, and the Securities and Exchange Commission (SEC), The LaunchPad represents an important move towards empowering female entrepreneurs in a landscape that has historically underfunded them.
Addressing Undercapitalization in African Women-Led Startups
Statistically, the landscape for women entrepreneurs in Africa is stark. In 2024, female-led startups raised a mere $48 million—just 2% of the total funding of $2.2 billion allocated to startups throughout the continent. The LaunchPad addresses this disparity head-on, with a mission to develop a robust pipeline of investment-ready businesses. It aims to prepare women-owned startups to absorb and effectively deploy capital at scale across various growth sectors.
Spotlighting Innovative Solutions
During the showcase at GITEX Nigeria, eight innovative startups were spotlighted, each demonstrating the potential of women in transforming key industries. These included Locoomo, Africa’s first cloud warehousing platform; Herconomy, a fintech platform focused on women’s savings; and Famasi Africa, which is creating an interconnected pharmacy network. Alami Capital emphasizes that these ventures are not just filling a space—they are shaping the future of technology, finance, and health across Africa.
Future Impacts and Opportunities
The LaunchPad is more than a one-off initiative; it extends beyond GITEX Nigeria with a commitment to support pipeline building and investor-readiness programs across the continent. By fostering an environment conducive to women-led startups, Alami Capital is setting a precedent for future developments in the rapidly evolving African tech ecosystem, particularly in sectors such as artificial intelligence (AI), fintech, and digital transformation.
Importance of Community and Support
The importance of strong community support cannot be overstated. Events like the Capital Readiness Clinic, organized with partners like Alpha Morgan Bank and the SEC, provide startups with essential feedback on investor engagement and regulatory compliance. This kind of mentorship and community connection is pivotal to fostering a thriving environment for emerging female entrepreneurs.
As we look to the future, The LaunchPad could serve as a model for similar initiatives elsewhere. By nurturing the talents of women entrepreneurs, the continent can harness innovative solutions that propel not only individual businesses but also broad economic growth and transformation.
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