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Village Capital, a global nonprofit that backs high-impact startups across emerging markets, has deployed $350,000 from its latest fund into two Ghanaian startups, marking the first investments from a vehicle designed to channel capital to early-stage African companies building essential services. The funding comes from the Africa Ecosystem Catalysts Facility (AECF), a $4 million investment fund launched in July 2025 in partnership with the Dutch Entrepreneurial Development Bank and the Netherlands Enterprise Agency. The facility targets startups addressing economic mobility and climate resilience through locally grounded solutions. The investment comes as funding from development finance institutions, which helped power much of Africa’s startup funding growth over the last decade, has started slowing across the continent. Deals like this show that investors are still willing to back early-stage startups building essential services in sectors like healthcare and logistics. Under the latest investment, the facility will invest $200,000 into Rivia Clinics, a tech-enabled primary healthcare startup, and a $150,000 investment into VDL Fulfilment, an e-commerce logistics platform, through a mix of convertible debt and performance-linked financing. “Rivia and VDL are strong examples of the businesses emerging across Ghana – founders building practical solutions to real, everyday challenges, from accessing quality healthcare to moving goods more efficiently,” said Heather Matranga, Managing Director of Venture and Investments at Village Capital. Rivia will use the funding to expand its clinic network, strengthen its sales efforts, and deepen its virtual care capabilities, while VDL will finance fleet expansion and warehouse infrastructure to improve fulfilment capacity. Village Capital noted that the funding works in partnership with locally-led Entrepreneur Support Organisations (ESOs), local ecosystem groups that help startups with mentorship, funding access, business development, and investor readiness. These organisations are known for helping to identify promising startups that may be overlooked by traditional venture capital firms. When the AECF was initially set up, Village Capital selected five ESOs in Ghana, Nigeria, and Tanzania as venture partners, including Reach for Change, Africa Fintech Foundry, Fate Foundation, Anza Entrepreneurs, and Ennovate Ventures. For the Ghana investments, Reach for Change and Innovation Spark helped shape the investment pipeline, ensuring capital is aligned with the realities on the ground, according to the company. Since its founding in 2009, Village Capital said it has helped mobilise over $7 billion in investment capital to support about 1800 startups. The latest investments are expected to be the first in a planned series of deployments across Nigeria and Tanzania as the facility continues backing early-stage African startups.
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The story of Nahla Gamil’s tech career cannot be told without her foundation: school. Though a citizen of Egypt, she was raised in Saudi Arabia and after graduating from high school there in 2013, she appeared set for a conventional path in engineering She moved to Qatar in 2013 to study Electrical Engineering at Qatar University, a public research institution, but she says the environment did not suit her. “I did not really like it over there,” she recalls. “So I transferred to Eastern Mediterranean University [EMU] in Cyprus, and this is where I continued the rest of my studies.” In 2015, when Gamil transferred to EMU to continue her studies, she chose to continue the Electrical Engineering program. She specialised in Power, but admits to feeling adrift regarding her long-term career aspirations. “People my age did not know what they wanted to be,” she says, reflecting on the period before she found her niche. Despite her uncertainty, she says she excelled academically and feared that if she entered the workforce immediately, she would never return for further study. “I always heard stories of people who start working, and it’s harder for them to continue their Master’s after they start working,” she says. She transitioned directly into a Master of Science (MSc) in Electrical Engineering at EMU in 2018. During her postgraduate studies, Gamil shifted her specialisation to Communication Engineering, a field she says she preferred over Power. To support herself, she says she worked from 2018 to 2020 as a research assistant, a role involving academic support and teaching, at EMU. She taught C and C++ programming language courses. That immersion in programming development created an initial bond with software, though she remained unsure of how to translate this into a career. “I wasn’t really sure where I wanted to go with that [degree],” Gamil says. COVID, tech, and clarity The global COVID-19 pandemic in March 2020 redefined Gamil’s trajectory just as she finished her final academic papers in EMU. With the world on hold, a friend at Microsoft, the US tech giant, advised her that the tech industry was the least influenced by the health crisis. “No one knows how the world would go; however, the tech world is very strong, and it’s full of positions that you can actually [fill],” she says. That conversation got Gamil thinking. She decided to “see what was happening in the tech world,” since it was related to what she had taught as a research assistant. In 2020, she started searching for a job in project management even before her Master’s graduation. “In a month, I got two interviews—one in the company I’m working in now, and then another at a company that happens to be our partners right now,” she recalls. In September 2020, he landed a role as a Project Manager (PM), a professional responsible for leading a team to achieve project goals, at Bit68, a Cairo-headquartered software development company. Bit68 had just 12 employees and a PM team of two at the time, according to her. “I got hired one week after my graduation, and I had this agreement with my manager that I would work remotely until I came back to Egypt,” she says. During her three-month probation period, which ended in December 2020, Gamil felt an immediate connection to her work. “Something clicked with the place; with the position; with what I was actually doing,” she recalls. She relocated to Egypt, her home country, in March 2021 to begin on-site operations, and to bridge her technical gaps, she took some online courses. She says she completed a Product Management Tech Fellowship at Knowledge Officer in August 2021 and an Agile Fundamentals course via Udemy in November 2021 to understand Scrum and Kanban methodologies used in project management. She says she completed a Full Stack Web Development Diploma at Route, a technical training centre in Egypt, in September 2022. While she had no intention of becoming a developer, Gamil wanted to speak their language to better understand blockers. “I knew how to speak the client’s language perfectly fine,” she says. “ I understood what they were saying. I understood the business side. But I also wanted to speak the developer’s language. I wanted to be able to understand when they had a problem.” That expertise, according to Gamil, helped her progress from managing two people in 2021 to becoming the Head of Project Management in January 2022. By 2023, Gamil was promoted to Vice President (VP), while retaining her leadership of the PM team. In September 2025, she became an official partner at Bit68. Navigating early mistakes Nahla Gamil. Image source: TechCabal Gamil’s career started out as a sharp learning curve that began with her own initial misunderstanding of the profession. Early in her career, she fell into the trap of viewing the job as mere coordination, which led her to believe she had enough free time to sign up for animation and French courses. “I thought it was time to learn new languages and new things, because [project management was] very easy,” Gamil admits. She made the “rookie” mistake of treating project management as a purely administrative task of asking for updates and setting meeting invites. This personal experience helped Gamil identify a significant misconception in the industry: the confusion between a PM and a Project Coordinator (PC). She notes that many people think the job is simply about “telling the client, ‘we will be delivering the sprint by next Tuesday’,” but she argues that “a project can go down the hill, even if the developers are very good… if the project manager is not good.” For Gamil, the myth that a PM does not need technical or business depth is dangerous. She argues that a true PM must understand the “business objective of the client” and “speak the language of the developers” to ensure the product’s future viability, rather than just coordinating requests. A case for staying Reflecting on her six-year tenure at Bit68, Gamil
Read MoreBellatrix Investment Managers, a Namibia-based alternative investment firm, has launched the Ndjaba Seed Fund, a $10 million venture capital vehicle to support early-stage startups across Southern Africa. Named after the Oshiwambo word for “elephant,” the Ndjaba Seed Fund, launched on Wednesday, will target a diversified portfolio of between 35 and 50 startups over a ten-year investment horizon. The fund will focus on sectors including fintech, agritech, healthtech, education, clean energy, e-commerce, and enterprise software. The fund’s launch comes at a time when early-stage funding remains one of the biggest challenges for entrepreneurs in Southern Africa. According to TechCabal Insight’s State of Tech in Africa 2025 report, startups raising below $1 million attracted just 2% of total capital deployed on the continent in 2025. The challenge is more pronounced in Southern Africa, where most of the region’s $933 million in startup funding was concentrated in South Africa, leaving founders in Namibia and neighbouring markets with limited access to early-stage capital. Bellatrix said the fund aims to help close that gap while supporting startups with the potential to scale across the region. “Southern Africa has a strong pipeline of entrepreneurs with the potential to build impactful businesses. However, access to early-stage capital remains limited. The Ndjaba Seed Fund is designed to bridge this gap by providing both funding and the support needed to scale,” Managing Director Jesaya Hano-Oshike said. Founded in 2020 in Windhoek, Namibia’s capital, Bellatrix Investment Managers focuses on financing startups and small businesses through investment vehicles spanning SME debt funding, seed-stage financing, and impact investment initiatives across Southern Africa. The firm described the Ndjaba Seed Fund as its first dedicated venture capital vehicle, but said that it has previously deployed more than $30 million in debt and concessional financing to over 500 businesses in the past five years. According to Bellatrix, startups at the pre-seed stage will typically receive between $25,000 and $100,000, while seed-stage companies can access between $100,000 and $350,000. In select cases, initial investments may reach $500,000, with additional capital reserved for follow-on funding in high-performing companies. While the fund primarily invests through equity, Hano-Oshike said the firm can also provide early-stage startups with flexible financing options, including convertible debt and Simple Agreement for Future Equity (SAFEs). The fund is being structured to raise $10 million and will deploy capital progressively as it builds its investment portfolio. Bellatrix said the measured approach is intended to establish a strong performance track record before launching larger venture capital funds. Beyond capital, the fund plans to provide operational support to portfolio companies through strategic guidance, governance support, mentorship, business model development, and access to investor and partnership networks. It would also leverage the Basecamp Business Incubator ecosystem, an innovation hub supporting Namibian startups through mentorship, training, and investment facilitation, to help startups improve investor readiness and market access. Hano-Oshike said the fund is already engaging founders through existing networks ahead of a formal application process expected to roll out alongside the launch.
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