AfriLabs and 2X Global forge partnership to promote intersectional gender lens investment initiatives

AfriLabs, a prominent network organization dedicated to fostering innovation and entrepreneurship in Africa, has joined forces with 2X Global, an influential global entity dedicated to amplifying the volume and impact of investments aimed at empowering women economically around the world. This strategic alliance is designed to promote the practice of intersectional gender lens investing throughout emerging markets.

AfriLabs is renowned for its commitment to stimulating technological advancement and entrepreneurial spirit on the African continent. It achieves this by creating a collaborative environment that connects tech hubs, startups, investors, and other pivotal players within the innovation ecosystem.

With the recent inclusion of 16 new hubs, AfriLabs has expanded its reach to encompass a total of 478 hubs spread across 260 cities in 53 African countries.

On the other hand, 2X Global operates as a leading organization comprising investors, capital providers, and intermediaries who are active in both public and private financial markets. The organization’s primary goal is to escalate the flow of investments into ventures that benefit women.

Both AfriLabs and 2X Global are united by a common goal: to enhance the flow of financial capital in a way that supports sustainable development, with a particular emphasis on impact investing. Their partnership is founded on the hope that by working together, they can encourage collaboration, exchange of knowledge, and the development of initiatives that build capacity, ultimately effecting a positive transformation in the investment sphere.

Anna Ekeledo, the Executive Director of AfriLabs, expressed her enthusiasm about the partnership with 2X Global, which is recognized for its global leadership in advancing intersectional Gender Lens Investing. She emphasized that this collaboration is an excellent opportunity to harness the combined expertise and networks of both organizations to catalyze impactful investments in African innovation and entrepreneurship.

Ekeledo also pointed out that this partnership aligns seamlessly with AfriLabs’ mission to support and mentor female entrepreneurs across Africa. It marks a significant move towards promoting sustainable economic growth and development on the continent. AfriLabs is eager to facilitate the exchange of knowledge, the creation of capacity-building initiatives, and advocacy efforts that will propel the intersectional gender lens investing agenda forward in emerging markets, ultimately leading to a more inclusive and effective investment environment.

Jessica Espinoza, CEO of 2X Global, also shared her optimism about the partnership, highlighting the excellent opportunity it presents for both organizations to benefit from each other’s insights and networks. She noted that 2X Global and AfriLabs share a focus on knowledge sharing and capacity building, as well as a commitment to supporting women’s economic empowerment. Espinoza looks forward to activating this partnership and finding synergies that will advance the aligned missions of both organizations.