Africa Foresight Group (AFG), a platform for freelance management consultants, has raised seed funding of $700k from Consonance Investment Managers and GFH Holdings.
Consonance Investment Managers is a leading early stage and growth investment firm in Africa known for its systematic investment approach to drive prosperity across the continent while GFH Holdings is the family office of a leading West African family that runs a number of highly successful businesses across the energy, real estate and retail sectors in Ghana and Nigeria.
Founded in 2016 by CEO, Yasmin Kumi, Africa Foresight Group (AFG) operates as a freelancing platform that offers consulting services to clients.
AFG has more than 100 consultants in its network and completed more than 140 engagements since inception. AFG experts and consultants work in industries that create real added value for the African continent, including agribusiness, FMCG, and finance. The company is run by a 15-people full-time team based in Ghana and Nigeria, but has strong representation of network members across African markets, such as Nigeria, South Africa and Kenya.
AFG intends to use the funds to help the company expand across Africa.
“We are on a quest to build the largest talent network in Africa to elevate the people and businesses of our continent,” said Yasmin Kumi, founder of Africa Foresight Group (AFG). “It has been a journey of three years to get here and we are excited for what lies ahead. I am proud that a majority of our capital comes from Africa-based investors who believe in the importance of what we do full-heartedly. We are a business that can drive both significant impact for Africa’s private sector and financial return for our shareholders.”
Mobolaji Adeoye, managing director at Consonance Investment Managers had this to say about the investment, “We therefore believe strongly in AFG’s vision of building the largest managed marketplace of freelance talent in Africa to bridge the talent gap. AFG ticked attributes we look out for, including a strong women-led management team solving critical problems in a scalable way and a three-year track record in their sector. We are proud to support their vision and journey.”
