Female fund managers are very much in the minority worldwide. In the US, only nine per cent of decision makers in the VC space are women. In Africa, no definitive numbers are available yet, but female fund managers are hard to come by – a big mistake for the VC world, as data clearly demonstrates a direct link between gender diversity in teams, and increased profitability.
There are of course some firms who recognise this truth, and put diversity front and centre. Here we introduce TLcom Capital, where women make up half the management team. Omobola Johnson and Andreata Muforo come from different backgrounds and have followed different career paths, but now they are united in a set of common goals: building VC success stories in the African tech space, and bringing more women into Africa’s tech ecosystem.