New York, NY July 5, 2026: Kuramo Capital Management (“Kuramo”) today announces the closing on several mandates of approximately $500 million equivalent of primarily local funding from African Pension Funds and African DFIs. These include the Investment in Digital and Creative Enterprises (iDICE) with the Bank of Industry; MEMA, the East African pensions vehicle; and Kuramo Africa Opportunity Fund IV Nigeria (KAOF IV) with support from Nigerian Pension Funds.
Kuramo’s Investment Platform consolidates Kuramo’s commitments from African pension funds and extends Kuramo’s existing mandates which include the management of the Wholesale Investment Impact Fund (WIIF), and Moremi Capital Management, Kuramo’s Gender-Lens Initiative platform. The Moremi Accelerator has identified 45 first-time women-led fund managers and already helped to mobilize over $100 million in capital to women-led businesses.
The announcement of our Investment Platform along with the strategic transition of the majority of our legacy assets, marks the next phase of Kuramo’s evolution as it allows us to fully focus our resources (human and financial) as we look to bring “African capital to African opportunities”.
Since its founding in 2010, Kuramo has catalyzed over $3.5 billion to African private equity firms and businesses, supported 20+ fund managers, anchored 15+ funds, invested across more than 200 companies directly and indirectly, supported 500,000+ jobs, and contributed measurable impact to over 3 million lives.
Walé Adeosun, CFA, Founder & CEO, Kuramo Capital Management, commented on the Investment Platform: “Kuramo is appreciative of the support provided over the last 15 years by our western endowments and foundation investors as their support enabled the transformation of the African private equity landscape. Kuramo is very excited about its Investment Platform, and progress in mobilizing African capital as it helps drive faster economic growth toward the sustainable development of Africa.”
Shaka Kariuki, Co-CEO, Kuramo Capital Management commented on the opportunity to assist local pension funds with their alternative investment portfolios in the future: “We believe that our experience, track record, and local networks, will strengthen our effort toward mutually beneficial outcomes with our local strategic partners and promote impactful investments in the region.”
