The Makeda Fund was jointly established by SEAF and NOI Consulting to support the development of women-owned and women-managed SMEs in Africa. The Makeda Fund will focus predominantly (but not exclusively) on investments in women-owned and women-managed businesses. The Fund will have Nigeria as its core geographic focus, but also will invest a portion of its capital in other countries in the sub-Saharan Africa region.

The Makeda Fund aims at supporting the growth of women-owned and women-run businesses in Africa. By investing in women-owned businesses in Africa, the Makeda Fund hopes to spur wealth creation and employment generation. We believe that supporting such businesses is important: not only because they are currently an underserved segment of the market, but also because they offer promising opportunities for value creation for both investors and women entrepreneurs.