The middle class in Africa has experienced significant growth, reaching 34% over the last thirty years, according to figures from the The African Development Bank Group. Plumptre says the mission is to help the “honest and hardworking create purposeful wealth.” The fund employs a conventional cooperative investment approach with a specific focus on empowering the middle classes.īy facilitating individuals with limited financial resources to come together and form groups, the cooperative enables them to pool their investments and undertake more substantial collective ventures. She is the co-founder of Volition Cap, an investment cooperative that aims to help Africans build wealth and financial stability.Įstablished in 2018, Volition Cap has initiated a $30 million fund dedicated to financing film, real estate, and agriculture projects in Africa. Subomi Plumptre is a former brand consultant turned financial prosperity advocate from Nigeria. However, one woman says she has made it her life’s mission to empower Africa’s squeezed middle class. Yet many are only one emergency away from poverty and the idea of building wealth seems like an unattainable dream. Africa’s middle classes are the financial backbone of the continent with many creating the small and medium enterprises that drives job creation and economic development.
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