MComm and PGDip Development Finance Refresher with Dr Lelemba Phiri

Inclusive Capital Architecture: Financing Women and Reshaping African Growth

When: Saturday, 28 March 2026 10:00 - 12:30 (GMT+2)
Where:UCT GSB
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Event information

Africa’s growth story is not defined by a lack of talent or entrepreneurial capacity, but by the persistent misallocation of capital and funding architectures that have historically excluded women and marginalised entrepreneurs.

Despite growing evidence that gender-inclusive investment strategies outperform and strengthen economic resilience, women-led enterprises continue to face structural financing gaps — from early-stage capital through to scale funding.

This session explores how funding architecture, institutional design, and investment culture must evolve to unlock sustainable and inclusive growth across South Africa and the continent. It places women’s financing at the centre of the development conversation — not as a niche theme, but as a systemic economic imperative.

Speakers

Dr Lelemba Phiri, MComm Development Finance Alumnus

Co-founder and Partner of ATG Samata
Dr Lelemba Phiri is a gender lens investor and development finance expert working at the intersection of capital, inclusion and performance in African markets. She is Co-founder and Partner of ATG Samata, a gender lens investment firm targeting a $50m fund investing in female-led and gender-diverse teams across Eastern and Southern Africa . With a PhD in business managed focused on gender, race and entrepreneurial finance, she bridges academic research and real-world practice. Through by funds, she’s deployed USD11m+ across 30+ women-owned businesses in 8 countries and serves on various regional and global boards.

Teboho Makhabane

Head of ESG and Impact at Sanlam Investments
Teboho is an impact investing professional who is passionate about directing investment capital to address the most pressing social and environmental issues in society. Growing inequality, poverty, climate change, and other social and environmental challenges present an opportunity for private capital to help close the financing gap and move the global community toward achieving the Sustainable Development Goals (SDGs), as well as national development priorities such as the National Development Plan (NDP). As an ESG and impact investing practitioner, she monitors and advises on responsible investing practices. Teboho holds a BCom Honours in Financial Analysis from the University of Cape Town and an MCom in Development Finance from the UCT Graduate School of Business.

Mphokolo Makara

Chief Executive Officer of SA H2 Fund Managers
Mphokolo is the Chief Executive Officer of SA H2 Fund Managers, a blended finance investment vehicle managed by Climate Fund Managers. Prior to this role, she was located in Kenya as the Executive Head Energy and Infrastructure across East Africa at a leading African Commercial Bank. Her career in investment banking spans Coverage, Treasury, Transactional Banking, Structured Finance and Infrastructure Finance. Conscious that Africa’s infrastructure development is catalytic for economic inclusion and growth, her skills have been developed through concluding transactions in the aviation, industrial, power, health and transportation industries across both the public and private sectors. Her area of competence includes the commercial debt financing spectrum for corporate and state-owned entities, through structuring and executing transactions in various markets. Her exposure and experience in asset based and infrastructure finance transactions includes select equity and asset risk in assets such as power generation plants, aircraft and locomotives; which are core to the operations and logistics of supporting industries across the infrastructure value chain. She holds a Bachelor of Commerce degree from the University of Kwa-Zulu Natal (Pietermaritzburg) and a Bachelor of Commerce (Honours) – Investment Management degree from the University of Johannesburg. Her industry accolades include being awarded the Association of Black Security and Investment Professionals (ABSIP) Young Talent Award in 2006 and the Project Finance Deal of the Year in 2016 (Government of Kenya Ministry of Health/General Electric managed equipment services) and in 2018 (Roggeveld 140MW wind power plant).