Zimbabwean Industrialist Adam Molai Launches New $1 Million Fund for African Entrepreneurs

Entrepreneurs supporting entrepreneurs - a sentiment that is at the core of Zimbabwean entrepreneur Adam Molai’s goal with the launch of his new Jua Kickstarter Fund. As Chairperson of TRT Investments, Molai has amassed an assets portfolio of over $125 million, giving him unique insight into the growing entrepreneurial ecosystems in Africa. Targeting entrepreneurs that are looking to rather launch or expand their startups, the venture capital fund will also offer mentorship and guidance. 

According to Molai, he hopes the fund will encourage something that he feels is lacking: Africa investing in Africa. Pointing to the fact that investment in African startups is dominated by North America (53%), Asia (39%) and Europe (15%), he also hopes to aid African entrepreneurs in navigating what he sees as common hurdles faced by entrepreneurs all over the continent.

“African entrepreneurs unfortunately do not get the support they need to thrive for a myriad of reasons,” Molai said on the announcement of the fund. “Yet Africa is full of enterprising people.” 

“Africa is rife with adversity, wherever you turn business prospects are in abundance,” he adds. “Entrepreneurs provide solutions to societal challenges, whilst creating space for the advancement of their communities. I feel that Africa is so much more open and it is full of so much more opportunity than you would find elsewhere. I want to do everything in my power to ensure that this potential is cultivated and unleashed.”

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