Africa-focused pre-seed investment program Madica announces new leadership appointments

Madica, an Africa-focused investment program dedicated to pre-seed stage startups in Africa, has announced two new leadership appointments.

The Flourish Ventures owned program has appointed  Rose Odengo as Head of Communications and Community while Brenda Wangari is taking up a crucial role within Madica’s portfolio companies, fostering their growth and prosperity

The new appointments strengthen Madica’s commitment to diversity, inclusivity, and innovation in the tech sector across the continent.

 “We warmly welcome Rose and Brenda to the Madica team. Their remarkable qualifications and exceptional qualities further enrich our growing organization, and we feel privileged to have them join us. These appointments underscore Madica’s unwavering dedication to embracing diversity and promoting women in leadership positions, setting a positive precedent for the entire industry.” Emmanuel Adegboye, Head of Madica, said

“Our commitment doesn’t stop there. We are equally devoted to supporting underrepresented founders and fueling the growth of pioneering startups across underserved African regions.”

Launched in 2022, Madica bridges the gaps that impede Africa’s innovation, entrepreneurship, and wealth creation. With a $6 million sector-agnostic fund, the program strives to empower mission-driven founders, especially female-led founders. Madica enables these founders to build and grow their startups by providing access to finance and top-tier support.

Last month, the program contributed to the groundbreaking Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem report, the first-ever publication focused on gender equality in the African tech startup landscape, with the results demonstrating the lack of gender diversity both within startup teams and funding rounds on the continent.

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