Moremi Accelerator Program

The Moremi Accelerator Program (MAP) is a flagship initiative by Kuramo Foundation, designed to catalyze the next generation of African early-stage female-led and gender diverse fund managers.

The Gender Finance Gap

African women account for over 60% of MSMEs on the continent (~30 million WSMEs) yet there is a $49 billion gender finance gap. Despite an increased flow of capital to Africa, women have still been underrepresented at all levels of the investment landscape.

Our Theory of Change

We believe that the fastest way to unlock capital for female entrepreneurs and gender-smart businesses at scale is to invest in female- led and gender-diverse fund managers. By equipping and scaling female-led and gender-diverse investment vehicles, we shift institutions—one of the highest-leverage points for closing Africa’s gender finance gap and driving long-term systemic change.

Increase the quality and quantity of African female fund managersThrough capacity building and technical assistance

Increase the percentage and size of funding to African female-led and gender-diverse fundsThrough increased capital allocation and network access

Increase the amount of funding to female-owned SMEs and/or businesses with products or services that improve the lives of women

Increase the quality and quantity of African female fund managers

Through capacity building and technical assistance

Increase the percentage and size of funding to African female-led and gender-diversefunds

Through increased capital allocation and network access

Increase the amount of funding to female-owned SMEs

and/or businesses with products or services that improve the lives of women

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Target Impact

KFSD aims to mobilize $100m in catalytic capital for African female-led and gender-smart fund managers

Our Program in Numbers

40 Fund Managers Supported

2 cohorts of the Moremi Accelerator Program Completed

$79.3m Mobilized in hard and closed commitments

$276.4m Mobilized in soft commitments

$6.8M total fund deployed

86% of fund deployed towards female-led SMEs

2,862 total number of direct and indirect jobs created

80% of fund managers supported have a GLI strategy

6 global partnerships with catalytic capital providers

Moremi Program Core Offerings

The accelerator provides five essential support pillars for emerging fund managers

Institutional Training

Dedicated fund manager curriculum that provides investment vehicle managers with insights on global best practices in fund management

Investment Readiness

Investment readiness support that focuses on 1:1 coaching and technical assistance to increase fundraising success rate. Accelerator also provides access to tools and templates such as pitch deck, fund model, legal documentations, LP target lists, and term sheets

Technical Assistance

Best-in-class business support that will reduce the cost burden by at least ~25% and ensure economies of scale through consolidation and outsourcing of core operational business units like legal, fund administration and people management

Network Building

Sustaining an ecosystem of fund managers that collaborate, share best practices, insights and potential investment opportunities through regional events, mentorship and co-location

Ecosystem Building

Supporting ecosystem building activities to increase flow of capital to emerging gender-smart fund managers by developing thought leadership or open sourcing due diligence approaches for investing, advocacy and frameworks that support the development of inclusive ecosystems .

Program Roadmap

The Moremi Accelerator provides structured training that follows a seamless program journey:

Curriculum

The Moremi Accelerator Program’s institutional training is divided into four core modules:

Introduction, Africa Context & Fund Strategy

Fund Vision and Validation

Limited Partner Engagement and Fundraising

Team and Governance

Legal & Compliance

Fund Structure, Set-Up, and Regulatory Considerations

Legal, Compliance, and Regulatory

Operations

Finance and Portfolio Management

Investment Process I and II

Value Creation and Exits

Impact Strategy

Environmental, Social, and Governance (ESG)

Impact Strategy

Previous Program Mentors & Facilitators

Our fund managers are supported by a network of experienced industry professionals and veterans that bring real-world experience and provide individualized guidance throughout the program.