Vusi Thembekwayo, venture capitalist, global business speaker and serial entrepreneur is making waves internationally as a thought-provoking young business leader from the continent with many ideas on solving economic issues in Africa. His mission is to change the African narrative by challenging the mindset and approach towards achieving economic freedom.
Vusi recently sold a majority share in his management consultancy business Motiv8 to US partners in a multi-million-rand deal and has used part of the proceeds to launch MyGrowthFund, (a pan-African venture capital fund with a skew to Youth empowerment to alleviate the demographic burden facing Africa) which aims to establish and build entrepreneurship and funding nodes in the rural and township markets of South Africa.
The vision is to build a pan African Venture Capitalist ecosystem with offices in East, West and Southern Africa alternative capital markets. By 2030, Thembekwayo hopes to have built 300 sustainable businesses by finding and nurturing high-growth black entrepreneurs through funding, incubation and enterprise development platforms. Under MyGrowthFund, Vusi has just launched #Top40, a mentorship programme which will take 40 high growth businesses through an 18-month mentorship programme to scale up their businesses and progress to the next level.
As a board member of the Southern African Venture Capital and Private Equity Association (SAVCA), which represents 160 members in Southern Africa, who collectively manage more than Rl 70bn in assets Vusi is thought leader and pioneer of the venture capitalist industry.
Under MyGrowthFund, Vusi Thembekwayo runs the CEO2Foundr intiative that connects CEO of large and listed companies to entrepreneurs running high-growth businesses. The total capital influence of the CEOs is R61 bn and the cumulative capital base of the entrepreneurs they mentor is R289mln.