|Country||Kenya, Uganda, Zambia|
|Beneficiaries||Early-stage and growth businesses, investors, and development partners|
Open Capital Advisors was founded in 2010 with a two-part mission to support high-impact entrepreneurs in Africa and to build future generations of business leaders. Their target sectors are agriculture, off-grid energy, healthcare, water and sanitation, and for most of their clients, they defer the majority of their fees upon successful outcomes like capital raises, meaning even very small businesses with only a few employees can afford this support. They have now supported more than 300 clients in Sub-Saharan Africa and grown the team to 50 people. Their clients have created tens of thousands of jobs in low-income communities in Africa and have created new products and services for the base of the pyramid that have changed lives, including low-cost, high-quality health services, and new off-grid energy solutions for rural households. Through their talent development platform, they hire university graduates and train them into top-performing middle managers. In the past year, they received more than 2,000 applications from top African universities for 10 full-time roles.
|Legal Assistance||Sidley is providing legal advice regarding shareholder’s agreements.|