Press Release
Dream VC Launches Its 2024 Venture Capital Fellowship Program
Dream VC, Africa’s foremost venture capital institute and investor accelerator announces the commencement of applications for the 2024 cohorts of their flagship African-focused Venture Capital training programs. Founded in 2021, Dream VC has trained more than 170 African and Africa-focused investment professionals across 3x successive cohorts and 5x programs, many of whom are currently leading and operating in different investment roles across over 65x African investment firms.
The annual remote venture capital fellowship programs provide the ideal launchpad for all aspiring and current investors to break into the African venture space, with an extensive curriculum, practical training, and direct exposure to world-class investors provided to both junior and more venture enthusiasts.
Dream VC’s tailored educational investor training programs are dedicated to creating the necessary pipeline of talent, the next generation of African-focused investors. “Investor Accelerator” and “Launch into VC” are Dream VC’s remotely delivered flagship venture capital fellowship programs, both run entirely virtually. The two concurrently running programs provide an ideal launchpad for all aspiring and current investors to learn, practice, and sharpen the skills needed to successfully find, invest in, and grow African technology businesses.
“The Dream VC fellowship was a big part of my journey into Venture Capital, it allows you to work alongside enthusiastic venture capitalists in the African VC ecosystem, gain hands-on experience in due diligence and deal sourcing, and build a strong network in the industry,” said Cinderella Alinaitwe, now an Investment Analyst at Pearl Capital Partners, a Dream VC alumni (2021 cohort).
“Dream VC is what I wished I had access to when I started my VC journey. The barrier to entry is high for anyone looking to break into the African VC industry, and going through Dream VC equips individuals with the necessary skills set needed to land that entry-level role at an African VC firm. With more African funds springing up every year, there is a huge opportunity to fill positions and get the best talent. The current gaps in the market for talent are huge, and Dream VC is plugging into a critical pain point. With Dream VC, you are sure of the best talents to hire from.” echoes Dayo Koleowo, General Partner at Microtraction and a past speaker at Dream VC’s venture capital training programs.
This year, Dream VC is back in full force with an expanded team and a success rate evidenced by the many funds that count Dream VC alumni on their teams. In 2024, the investor accelerator will accept applications for their now-familiar venture capital training programs from today, the 27th of February 2024. The two programs running for this year are:
- The 4-month-long Launch Into Venture Capital (LIVC) Program will run from June to Late September.
- The 5-month-long Investor Accelerator Program (IA) will run from June to Late October.
Dream VC’s focus on accessibility continues, and Dream VC is proud to share that they have once again secured a round of commitments from their partners and alumni to enable the Dream VC Access Foundation (Dream VC’s scholarship arm) to provide much-needed support and financial assistance to any aspiring investor-in-training, who makes it through the application process but cannot cover a portion of the program costs.
“Our commitment at Dream VC extends far beyond merely churning out a set number of investors within a specific timeframe. We’re dedicated teachers and builders, meticulously identifying and bridging gaps within the investor ecosystem across Africa. We firmly believe in the immense potential of African talent. Through our programs, we’re shaping future leaders poised to enter various roles within the venture capital landscape, from joining VCs and launching funds of their own to becoming angels, venture builders, and ecosystem enablers at ESOs,” remarked Mark Kleyner, Co-Founder of Dream VC, highlighting Dream VC’s pivotal role and continued success rate in nurturing and empowering investors, funds, and corporate entities to actively participate in Africa’s burgeoning startup scene.
Applications for the 2024 cohort for “Launch into VC (LIVC)’’ and “Investor Accelerator” programs open on Tuesday, February 27th, and will close at 23:59 GMT on the 14th of April 2024.
Both programs will run concurrently from summer to autumn. Launch into VC runs for 4 months from June to Late September. The Investor Accelerator program commences in June and runs until October for a total of 5 months.
Interested applicants can apply for the 2024 cohort of Dream VC’s programs here before 23:59 GMT on April 14th, 2024: https://forms.gle/DJuY7QHsMMYxBEBZ9
EFInA Women’s Economic Empowerment report was launched in Abuja, at the third edition of the Gender and Inclusion Summit hosted annually by the Policy Innovation Centre (PIC) at the Nigerian Economic Summit Group (NESG). The report underscored the second plenary by EFInA and FSD Network; tagged – Unpacking Access to Essential Tools and Services for Women’s Economic Empowerment – Collaborating for Sustainable Outcomes.
The EFInA WEE report utilises data from the 2023 Access to Financial Services in Nigeria (A2F 2023) Survey, Nigeria’s primary source of financial inclusion data, to better understand potential linkages between female financial inclusion and women’s economic empowerment in Nigeria. The results show that of Nigeria’s estimated female adult population of 56.3 million people, only 22%, or 12.5 women, can be classified as being economically empowered. Education, digital, and financial literacy are the most significant drivers of empowerment, followed by household and group agency, regarding women’s autonomy to join and influence decision-making in social groups and the agency to do productive work and own assets.
In assessing the pathway from financial inclusion to WEE, we find savings stand out with the greatest odds. Women who save –formally or informally – are six times more likely to be economically empowered than those who do not. The use of formal credit also doubles the likelihood of economic empowerment, whereas informal credit has a negligible impact. Women who actively use their accounts are more likely to be economically empowered than those who do not. Using Digital Financial Services increases the chances of empowerment and, more so, other formal banking channels, highlighting the growing role of digital platforms in financial inclusion.
Commenting on the report’s findings while speaking at the launch event, EFInA Gender Centre of Excellence Lead, Emezino Afiegbe said: “This report clearly identifies important linkages between financial inclusion and women’s economic empowerment in Nigeria, while also identifying the key factors influencing women’s formal financial inclusion. By establishing the importance of financial inclusion in economic empowerment we can focus resources and investments on the enabling factors that will ultimately accelerate empowerment for all Nigerian women.”
Also speaking on the panel Dr. Yetunde Fatogun, Social Development Consultant at the World Bank said: “For women’s economic empowerment, it’s crucial to recognise that this is not a short-term endeavour. Sustainable progress requires the involvement of multiple sectors in implementation. To truly empower women, we must address critical issues, including the significant influence of culture and the pivotal role of institutions—traditional, religious, and family. This report is both timely and essential, as it sheds light on these multifaceted challenges and offers insights into how various sectors can collaborate to drive meaningful and lasting change for women in Nigeria“.
Aisha Hadejia, Partner at Sahel Consulting Agriculture and Nutrition Limited, said: “Information accessibility remains a major hurdle, both in terms of design and delivery. Only 30% of women farmers have internet access, reflecting a significant digital divide. Additionally, mistrust in formal financial institutions is driving many women towards informal financial systems. Addressing these challenges requires data-driven solutions, such as those outlined in the A2F Women Economic Empowerment Report.”
EFInA, through the Gender Center of Excellence, is championing collaborative efforts with partners to drive significant progress in WEE by mainstreaming financial inclusion into sub-national economic policies and increasing financial and digital literacy, particularly for rural women. Our commitment extends to deepening financial inclusion, supporting income generation, and promoting savings behavior, all of which are essential for enhancing financial independence. Additionally, empowering women in decision-making and addressing vulnerabilities through social protection will further strengthen women’s roles in their households and communities. We invite you to contact us for partnership as we work together to drive impactful initiatives that advance financial inclusion and women’s economic empowerment.
The A2F 2023 survey findings can be found at https://www.a2f.ng/ while the specific report on women’s economic empowerment can be found here for partnership on strategic WEE initiatives.
The second edition of the Entertainment, Media, Technology and Arts (EMTA) Conference and Awards 2024 curated by BAO Live, an event division of leading media and brand consulting company, Business Africa Online (BAO) concluded on a high note. EMTA 2024 brought together industry leaders, innovators, and creatives for a day of insightful discussions, networking, and celebration. The pivotal event was held on Friday 30th August at The Wheatbaker Hotel Ikoyi, Lagos, Nigeria.
This year’s EMTA conference and awards themed ‘Redefining Entertainment and Media Business In A World of AI’ kicked off with a welcome address from Joy Harrison Abiola, BAO Board Advisor. The event featured a keynote address from Victoria Abiola Ajayi, Group CEO TVC Communications. Victoria shared her insights on the topic; Unlocking New Growth in Media and Entertainment Business.
Joy Harrison-Abiola (BAO Board Advisor).
Victoria Abiola Ajayi (Group CEO, TVC Communications)
The interactive panel sessions featured notable speakers; as Mary Ephraim-Egbas of Homelands Films, Ike Nnaebue of LP House of Creatives, Judith Audu of Judith Audu Productions, Dr. Bada Akintunde-Johnson of Paramount Africa, Ladun Awobokun of FilmOne, Israel Obatunde of Ideas Origin Media and Ebele The Flutist (Nigeria’s Foremost Female Flutist). The panel topics discussed were Beyond the screen: Unraveling the prospects in the film industry and Storytelling: Reimaging media and content production.
L-R: Joy Harrison Abiola, Dr. Bada Akintunde-Johnson, Ayomide Idogun, Ladun Awobokun, Israel Obatunde and Ebele The Flutist.
L-R: Joy Harrison-Abiola, Moses Agochuckwu, Alaba Ayinuola, Mary Ephraim-Egbas, Judith Audu and Ike Nnaebue.
The panel hosts; Moses Agochukwu of Silverbird Film Distribution and Ayomide Idogun of Lightning Sports were excellent moderators. The Showcase experience featured Michael Odiong of Premier Records Limited as he shared his insight on talent development, marketing and the impact of Premier Records in The African music industry. Attendees gained valuable insights into the latest trends and innovations shaping the entertainment and media landscape.
The awards ceremony honored outstanding achievements with six (6) winners announced. Notable winners; Obi Asika (Director General/CEO of National Council for Arts & Culture, Nigeria) and Victoria Abiola Ajayi (Group CEO of TVC Communications) took home the coveted Lifetime Achievement Award and Exemplary Leadership Award (Media) respectively, recognizing their exceptional contributions to the industry. Other winners are; Mary Ephraim-Egbas (Industry Champion Award – Film), LG NIGERIA ELECTRONICS (Smart Tech & Innovation Leadership Award), Ideas Origin Media (Design & Creative Excellence Award) and Premier Records Limited (Recording Legacy Company Award).
“We’re thrilled with the success of this year’s conference and awards. It was a fantastic opportunity for professionals to connect, learn, and celebrate the best in entertainment, media, technology and arts. Preparations are in gear to make EMTA 2025 even much more a bigger success.” said Alaba Ayinuola, Publisher & CEO at BAO.
The event was made possible through the support of sponsors and partners. Ideas Origin Media and LG ELECTRONICS NIGERIA as the Gold sponsors. And TVC Communications, Premier Records Limited, Olokpo App and GAIA Africa as partners. The event compere Segun Akinola (MC SHEGAZY) was exceptional.
For more information, please visit BAO Live. Join the conversation on social media using #EMTA2024 #BAOEMTA2024.
Heirs Insurance Group, Nigeria’s fastest-growing insurance Group, has shortlisted its top 15 semi-finalists for the third edition of the Heirs Insurance Essay Championship. The top 15 participants emerged from a competitive pool of close to 5,000 entries from Junior Secondary School students across Nigeria.
All entries underwent a rigorous grading process by renowned academics, on originality, depth of analysis, and clarity of thought. Furthermore, Deloitte & Touche, a leading Audit and Quality Assurance Firm, independently reviewed the grading process to ensure objectivity.
Out of the shortlisted participants, three students will proceed to the grand finale for a concluding presentation, on an all-expense paid trip sponsored by Heirs Insurance Group, which will take place at Transcorp Hilton Abuja, in September.
Winners of the Heirs Insurance Essay Championship will receive the combined scholarship of N8million, with the final winner’s school getting an additional N1million donation.
The Heirs Insurance Essay Championship is part of the Corporate Social Responsibility (CSR) efforts of the group geared towards improving the quality of education of the next generation. The Championship also highlights emerging talent, while bringing parents and children closer to insurance through extended workshops on financial security.
This year’s competition witnessed creative entries from 35 states of the country, in response to the task of writing an essay titled “If I could Invent Something new”. In appreciation and acknowledgment of the creative submissions, all participating students will receive a certificate of participation.
