Aavishkaar Intellecap Group, an advisory and fund management company has announced the appointment of Godfrey Mwindaare as the second partner for the Aavishkaar Africa Fund (AAF) which is a $150 million venture capital fund that would make high impact investments across East Africa and West Africa.

About Aavishkaar Intellecap Group:

Aavishkaar Group
Aavishkaar Group

Since its inception in 2007, Aavishkaar has raised six progressively larger funds with commitments aggregating to $300 million with investments across India, Bangladesh, Sri Lanka and Indonesia. Aavishkaar in Hindi means Invention

Aavishkaar Africa Fund:

Intellecap-Aavishkaar group founder Vineet Rai.
Intellecap-Aavishkaar group founder Vineet Rai.

AAF will be the seventh fund managed by Aavishkaar, an advisory and fund management company. The fund is an integral part of the Aavishkaar Intellecap Group’s expansion into Africa. The AAF will leverage the group’s collective industry expertise and learnings from its portfolio of over 60 enterprises across the global south to bring significant value to impact entrepreneurs across Sub-Saharan Africa.

On this appointment, Vineet Rai, Founder of Aavishkaar-Intellecap Group, said, ‘We welcome Godfrey to our growing team and his rich experience in the African market, an important market for the group, will enable us to expand in the untapped regions of Africa.’ Godfrey Mwindaare will join Abhishek Mittal, another Partner for Aavishkaar Africa Fund. Aavishkaar Africa Fund is a 150M $ fund focused on investments in Africa.

About Godfrey Mwindaare

Godfrey has over 20 years of experience in banking and private equity, having previously worked at Barclays Capital in London, Standard Bank in South Africa and Tanzania, the African Development Bank in Tunisia and Acumen Fund in West Africa. He has led several multi-million-dollar projects and has served on several boards including the Central Bank of Ghana and Green Africa Power. He currently serves on the board of Infraco Africa and a member of the Risk Committee of PIDG Ltd. Godfrey holds an MBA in Financial Management from the University of Hull and is a member of the Chartered Institute of Bankers.

Before joining the InfraCo Africa Board, Godfrey was West Africa Director of Acumen Fund Inc for six years. Prior to this role, Godfrey spent seven years at the African Development Bank and left as its Chief Investment Officer. He also worked with Standard Bank in South Africa and Tanzania as Senior Manager (Strategy and Special Projects) and Head of Retail and Business Banking respectively. Godfrey started his banking career with Barclays PLC, and worked as Special Personal Assistant to the MD of Barclays Ghana, Business Development Manager for Barclays Africa in the UK and Investment Banker in the Mining & Metal Department of Barclays Capital.

Godfrey has close to two decades of experience in investment banking, commercial banking and development finance. He is also a member of the Chartered Institute of Bankers (UK).

Godfrey is a former member of the boards of the Central Bank of Ghana, Green Africa Power, Esoko Network Ltd (Ghana), Green Energy Bio-fuels (Nigeria), and Farmers Hope Ltd (Ghana). He currently serves on the boards of Tafari Capital (South Africa) and Savannah International Academy (Ghana).

Godfrey Mwindaare
Godfrey Mwindaare
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