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IDF Capital appoints Kizito Okechukwu to the Investment Committee of IDF Future Fund  

PRESS RELEASE | SEPTEMBER 9, 2020

IDF Capital has appointed Kizito Okechukwu as an Independent Investment Committee member on the IDF FutureFund Sub-Committee. IDF Capital’s mandate is to invest profitably in high growth entrepreneurial businesses by providing appropriate financial and non-financial products and support that unlock value. IDF Capital manages the IDF FutureFund, the funding pillar of the FutureMakers Programme which is Telkom’s Enterprise and Supplier Development programme. The fund is an enabler of growth for qualifying enterprises in the Telkom value chain and the broader ICT sector. It also promotes technological innovation, via targeted financial support and appropriate business development services.

Speaking on Okechukwu’s appointment, the Founder and Chairman of IDF Capital, Polo Leteka said, “It is our goal to become catalysts of economic growth across Africa by supporting high impact startups in their journey to grow and scale. We look forward to leveraging Kizito’s experience to ensure that this vision comes to life”.

Okechukwu is the Executive Head of 22 on Sloane, Africa’s largest startup campus, and co-Chair of the Global Entrepreneurship Network (GEN) Africa. Recently, he was also appointed Board vice-President and interim President of Digital Africa, a French Government initiative with a €65m fund to support Africa’s tech startups and ecosystems.

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IDF Capital’s mandate is to invest profitably in the entrepreneurial SME landscape by providing appropriate financial and non-financial products and support to unlock value within the sector. Future Fund is a R250m (USD$17m) Fund in partnership with Telkom and BCX, and focuses on investing in high impact Tech startups from seed to scale, with ticket sizes ranging from R50,000 (USD$3,000) to R20m (USD$1.3m).

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