Staff Report
In a major vote of confidence for Africa’s booming investment landscape, StartBank Africa Fund has secured a $15 million commitment from The Private Office of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi for Strategic Alliances and Policies. The announcement, made at the Funders & Fundees Roundtable Dialogue in Dubai, underscores growing international interest in Africa’s entrepreneurial ecosystem.
This funding marks a significant milestone for StartBank Africa Fund as it continues raising capital to back high-impact startups and visionary entrepreneurs across the continent.
Farouk Khailann, Founder and General Partner of StartBank Africa Fund, described the investment as a transformative step, emphasizing that Africa’s future success depends on strong leadership, not just capital or ideas.
“Africa is a land of immense opportunities, but the real challenge isn’t a lack of capital—it’s leadership,” Khailann stated. “We are committed to identifying and backing entrepreneurs with both innovation and integrity to drive sustainable transformation.”
Khailann expressed deep gratitude to Amb. Dunston P, Group CEO of The Private Office, and Chief Investment Officer Pranav Jyoti for their confidence in the fund’s mission. He also thanked investment experts Olatokunbo Ige and Manya Pamnani for their insights and commitment to supporting the initiative.
The $15 million investment serves as a catalyst for StartBank Africa Fund’s expansion, reinforcing its mission to empower Africa’s next generation of business leaders. By prioritizing ethics, resilience, and long-term impact, the fund is set to play a pivotal role in shaping Africa’s entrepreneurial future.
The Funders & Fundees Roundtable Dialogue in Dubai highlighted the need for character-driven leadership and strategic partnerships to unlock Africa’s full economic potential. The event brought together top investors and entrepreneurs, fostering collaborations that drive meaningful progress.
About StartBank Africa Fund
StartBank Africa Fund is a venture capital firm dedicated to supporting high-growth startups and scaling Africa’s innovation ecosystem. With a strategic focus on leadership, funding, and sustainable development, the fund is paving the way for Africa to emerge as a dominant force in the global economy.
