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Nigeria: An Impact Investing Case Study
Two generations ago we could not imagine poverty-stricken South Korea becoming one of the wealthiest countries on earth, neither would we have envisioned Japanese manufacturing being world-class. But they are. For two decades, we have watched Asian entrepreneurs emerge from America’s innovation hubs to go home and build new-age economies. Today, we are seeing Africa’s diaspora emerge from America with their own global skills and networks to bring innovation-based prosperity back to their home countries. Nigerian hustle is fueling the continent’s most exciting impact enterprises. Some are listing on the New York Stock Exchange.
How is this happening? Should impact investors get involved? Join our webinar to explore success stories and the growth dynamics driving this phenomenon. Questions swirling around this transformation include…
What dynamics are transforming Nigeria into a hot bed of impact entrepreneurs?
Why are the world’s leading technology corporations focused on building out their presence in Nigeria?
Since expats rarely survive long in West Africa, who is leading impact initiatives in Lagos?
What innovations and investment opportunities are emerging in Africa’s most populous nation?
Which local partners are leading this evolving innovation center of excellence?
What SDGs do local impact leaders prioritize?
What strategies are being deployed that mitigate investment risks?
Hear impact investing veterans discuss answers with Marsha Wulff, a pioneer of African business development. For 25 years Marsha has mentored African founders of impact ventures, including the founders of a leading enterprise development company in Nigeria.
Marsha Wulff is a twenty-year veteran of African business ventures and impact investing whose thesis relies on impact-focused African entrepreneurs passionate about economic development. As a Managing Partner of the Loftyinc Capital Management Company, she is co-launching the Afropreneurs Fund 2 for scalable technology ventures that are spawned by authentic Africans whose innovations leapfrog development challenges. A former VP of investments with Dean Witter/Morgan Stanley, Finance Chair of Memorial Hospitality and Medical System, and Corporate Communications Director for Pioneer, her background includes entrepreneurship, asset management, and venture investing. She is a board Director of Raintree Farms, Uganda’s largest processor of organic moringa. Marsha earned her Executive MBA at SMU’s Cox School of Business, Dallas in 2001. She has also lived and worked in Australia, Argentina, China, Germany, Taiwan, and India.
Michael Oluwagbemi is Co-founder & Executive Partner at LoftyInc Allied Partners Limited (operator of the Wennovation Hub based in Lagos, Nigeria and LoftyInc Capital Management USA) and a Summa Cum Laude graduate of Electrical Engineering at Prairie View A&M University; Michael Oluwagbemi also earned a Masters Degree from the University of Houston, USA. He holds a Masters in Business Administration in International Management from the University of London. Michael has extensive experience with over a decade in venture support and development and project development, and currently oversees LoftyInc Allied Partners Limited and its Venture Capital arm, LoftyInc Capital Management, among many other entrepreneurial endeavors. LoftyInc is a project and business development company that has been instrumental in launching several impact start-ups, including Fluttwerwave, Andela, Printivo, Hutbay, Fuelmetric, and Opacus. Michael is a licensed professional engineer in the State of Texas as well as in Nigeria, and a certified Project Management Professional. He is the Chairman of the Essentials Committee of the Nigeria Content Consultative Forum of the Nigeria Content Development Monitoring Board.
Femi Kuti is co-founder and CEO of Kangpe Inc, a digital health startup developing software that makes access to healthcare easier and more efficient in Africa. Dr Kuti is a Director of Reliance HMO, which leverages Kangpe software to build a Kaiser Permanente for Africa, using technology and data science to make healthcare in Africa cheaper and easier to access through an integrated healthcare system. RelianceHMO currently serves over 7,000 customers across Nigeria and is backed by leading investors like Y Combinator, Tencent and WTI. Before this, he worked as a physician in a leading research hospital in Nigeria and as an investment banker with Goldman Sachs advising healthcare, biotech and pharmaceutical corporations.
About LoftyInc Allied Partners, Ltd: LoftyInc’s mission is, “To enhance lives by creatively investing in ideas and entrepreneurs.” This year the LoftyInc team is celebrating 10 years of innovation, impact and development. Today, its local staff of 70 offers entrepreneurial training, program administration, SME services, and start-up mentoring from four cities. LoftyInc co-launched Africa’s most active angel network and its largest tech-hub association. Its Afropreneurs Fund 1, vintage 2011, has an average of 15x on its portfolio. These portfolio companies have created 2000 jobs and attracted over $200M of downstream investment from top private sector tech and impact leaders.
Laurie Lane-Zucker is Founder and CEO of Impact Entrepreneur, PBC, an impact economy business that hosts the Impact Entrepreneur Network — a large, global network of “systems-minded” entrepreneurs, investors, and scholars of social and environmental innovation — and editor and publisher of Impact Entrepreneur, a digital magazine covering the emerging Impact Economy. For over 30 years, Laurie has been a “pioneer” (Forbes) and recognized leader in sustainability, social enterprise, and impact investing. Laurie was the founding Executive Director of the international environmental organization, Orion Society, which publishes the celebrated Orion Magazine, as well as the founder of a global sustainability think-tank, the Triad Institute, and Hotfrog, a Founding B Corporation, GIIRS Pioneer Company, and the first company ever to complete an equity transaction on an impact investment exchange. Laurie is the bestselling and multiple award-winning publisher and editor of books and magazines on sustainability and social impact — having worked with such acclaimed authors as Wendell Berry, Barry Lopez, Terry Tempest Williams, and David James Duncan — and the author of numerous articles on entrepreneurship and impact investing. Laurie is contributing author of the recently published academic textbook from World Scientific, Sustainability: Business and Investment Implications (2023).