She was introduced to impact investing in her role as a portfolio manager at Acumen, and joined Novastar in 2015. The firm was founded in 2014 to fuel the entrepreneurial revolution that is transforming markets and sectors in Africa. That was focused on East Africa, and its second, US$108 million fund, closed in 2020, saw it expand into West Africa. It now has over US$200 million of assets under management and 24 portfolio companies, with some of the standouts being Moniepoint (formerly TeamApt), TradeDepot, mPharma, and BasiGo. “Alongside the financial value, our portfolio companies are also creating significant social and environmental benefits.

Source: The North Africa Journal August 01, 2023 06:49 UTC