LDI Africa Launches The Broad Street Fund

FOR IMMEDIATE RELEASE: Monday, April 18, 2016
MEDIA CONTACT:  Winifred 
Odonye 
|202-460-5427|  winifred@ldiafrica.org

LDI AFRICA LAUNCHES THE BROAD STREET FUND
 

[WASHINGTON, DC] LDI Africa proudly announces the 2016 Broad Street Fund Fellows, a diverse group of entrepreneurs from Uganda, Nigeria, Venezuela, Australia and United States. 

The fellowship commenced in Washington DC with training in impact investing, social enterprise and emerging markets. It was delivered in conjunction with the Frontier Market Scout Fellowship. Through the combination of workshops and actionable co-creative projects, participants gain a comprehensive understanding of the ecosystem and framework for market-based solutions. The topics include Scaling High-Impact Social Enterprises, Designing Innovative Business Model, Diligence Process and Decision in Impact Investment, Profiling Ventures for Impact Investing, and Managing Impact Investing Portfolios. Fellows acquired professional certificate training in Impact Investing and Social Enterprise awarded by the Middlebury Institute of International Studies at Monterey. Over the next 12 months, Fellows will receive various forms of technical assistance and investment opportunities.  

The Broad Street Fund Fellowship supports non U.S. enterprises to expand to the United States. The program complements efforts of the United States Government to increase trade and economic partnerships with Africa through the extension of The African Growth and Opportunity Act (AGOA), and several Trade Missions to the continent.

Over 100 applications were received from 32 countries for the program. The successful candidates represent industries which included Technology, Agriculture, Fashion and Social Enterprise. The shortlisted Fellows and their respective businesses are:

  • Kelechi Mbah - Service Desk Ltd, Nigeria
  • Abimbola Seun - Trads.ng, Nigeria
  • Keturah Ovio-Onoweya - Qeturah, Nigeria
  • Derrick Hosea Opio - One Lamp  Uganda
  • Bear Kruz - Spear, Australia
  • Fatia Adesanya - Duo Prints-Impress, Nigeria
  • Kayode Ajayi Smith - Joint Initiative for Development, Nigeria
  • Anika Hobbs -  Nubian Hueman, USA

We are now seeking support, collaboration and investment opportunities for these businesses. You can make a financial contribution at https://igg.me/at/3kHbwgWjesk/8253462

ABOUT THE BROAD STREET FUND
The Broad Street Fund is a program of LDI Africa that supports the global competition of business leaders from the world’s emerging markets, particularly in Africa. The program provides the infrastructure, community, and resources needed for emerging business leaders to scale their ventures internationally through a 3-week to 12-month fellowship in the United States.