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  • Mark Zanders

AFZA Capital Announces New Strategic Advisor

NAIROBI, Kenya – AFZA Capital announced today the appointment of a new Strategic Advisor to its first fund, effective April 2, 2020.

Professor Elijah Bitange Ndemo joins AFZA Capital. Ndemo will serve as a Strategic Advisor and continue the fund's efforts to drive portfolio expansion.

“We are beyond excited and honored to welcome Professor Ndemo to join our team. He brings decades of leadership in key areas, such as technology development, strategy implementation, and entrepreneurship that are vital to our future growth and strategy,” said Mark Zanders, AFZA Capital Managing Partner and Co-Founder. “Professor’s expertise brings additional local energy to our team and strengthens AFZA’s commitment to making a social impact in East Africa.”

Ndemo is an ICT Champion, an entrepreneurial leader, and academician. He currently serves as a Professor of Entrepreneurship at the University of Nairobi’s Business School. He teaches entrepreneurship and research methods, with most of his research work being focused on ICT within small and medium enterprises, and their influence on economic development in Kenya.He a former Permanent Secretary in the Ministry of Information and Communication, where he served from 2005 to 2013 under the former Kenyan president Mwai Kibaki. He was awarded the prestigious presidential Chief of the Burning Spear of Kenya (CBS) for his distinguished services in 2006. Ndemo is regarded as one of the key people who oversaw a transformation in the Kenyan ICT Sector.


AFZA Capital exists to build and support early-stage companies. Not only do we invest in companies that have a social impact, but we look to offer a complete support system that elevates performance. Our Directors take ownership and pride in the work that we perform. We set the bar high and sweat the details, holding ourselves accountable to stretch goals. Our team provides assistance in entrepreneurial efforts that transform industries and societies, with the goal of becoming the backbone of emerging economies. We believe that this is the best way for sustainable economic development — and the most meaningful way to spend our talent and energy. Innovation can happen when people with distinct minds work side-by-side for complete results.

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