Entrepreneurship Zone: 09 December 2024: How this African-focused investor made her millions

[Bulls n Bears]

 <https://bullszimbabwe.com/> 

 


 

Bullszimbabwe.com  <http://www.bullszimbabwe.com/>       Views
<mailto:info at bulls.co.zw?subject=View%20and%20Comments> & Comments
Bullish Thoughts <http://www.bulls.co.zw/blog>        Twitter
<http://www.twitter.com/BullsBears2010>         Facebook
<https://www.facebook.com/BullsBearsZimbabwe>           LinkedIn
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72>
WhatsApp <https://chat.whatsapp.com/CF6wllAfScU9Wr6dXxoQnO>
Unsubscribe <mailto:info at bulls.co.zw?subject=Unsubscribe> 

 


 

 


Entrepreneurship Zone: 09 December 2024:  How this African-focused investor
made her millions

 


 

 


 <https://www.firstcapitalbank.co.zw/> 

 


 

 


 

 

 



Sarah Dusek

Interview with Sarah Dusek
CO-FOUNDER, ENYGMA VENTURES

Lives in: Cape Town, South Africa (travels between the US and South Africa)

  _____  

Sarah Dusek is the founder of Enygma Ventures, a venture capital fund that
invests in women-led businesses in sub-Saharan Africa. Among its investments
is Eswatini-based Black Mamba, a chilli sauce manufacturer, which received
R9.2 million (approximately $526,000). Black Mamba exports globally to
markets such as the UK, Norway, and Germany. Enygma has also backed Play
Sense, a South African early childhood education business, with a R8.3
million (roughly $470,000) investment, and committed $1 million to
Zambia-based microfinance company Lupiya.

Only about 1.5% of venture capital raised in Africa between 2019 and 2023
went to female-led startups, a figure slightly below the 2% secured by their
counterparts in Europe and the US. One of the biggest problems, says Dusek,
is that many women globally – despite talent, education and ambition – lack
the critical understanding of what it takes to build a big business and
attract the requisite funding to grow it at scale.

However, before entering the venture capital world, Dusek and her husband
co-founded Under Canvas, a luxury camping business that they eventually sold
for $100 million. What began with just four tents evolved into a high-end
glamping operation, offering premium camping experiences near US national
parks. Through years of refining their model, the business became a major
player in the outdoor hospitality sector.

In a recent interview with AfricanOptimist’s Sanja Göhre, Dusek shared
insights into how she transformed what was intended to be a small family
business into a multi-million dollar enterprise that redefined luxury
camping. She also discussed her commitment to using the proceeds from the
Under Canvas sale to back women-led businesses across sub-Saharan Africa.

Highlights from the interview include:

·         How working in Zimbabwe was inspiration for her business idea

·         Why her first business attempt with tents failed

·         Overcoming doubts and embracing risks

·         Understanding venture capital

·         Why she tells entrepreneurs to think and pitch $100 million big
—Howwemadeitinafrica

 

 


 


 


 

 Invest Cellphone:    +263 71 944 1674 | +27 79 993 5557 

Email:               bulls at bullszimbabwe.com
<mailto:bulls at bullszimbabwe.com> 

Website:            www.bullszimbabwe.com <http://www.bullszimbabwe.com>  

Blog:                 www.bullszimbabwe.com/blog
<http://www.bullszimbabwe.com/blog> 

Twitter (X):        @bullsbears2010

LinkedIn:           Bulls n Bears Zimbabwe

Facebook:          www.facebook.com/BullsBearsZimbabwe
<http://www.facebook.com/BullsBearsZimbabwe> 

Skype:         Bulls.Bears 



 

 

 


 

 


DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of
Faith Capital (Pvt) Ltd for general information purposes only and does not
constitute an offer to sell or the solicitation of an offer to buy or
subscribe for any securities. The information contained in this report has
been compiled from sources believed to be reliable, but no representation or
warranty is made or guarantee given as to its accuracy or completeness. All
opinions expressed and recommendations made are subject to change without
notice. Securities or financial instruments mentioned herein may not be
suitable for all investors. Securities of emerging and mid-size growth
companies typically involve a higher degree of risk and more volatility than
the securities of more established companies. Neither Faith Capital nor any
other member of Bulls ‘n Bears nor any other person, accepts any liability
whatsoever for any loss howsoever arising from any use of this report or its
contents or otherwise arising in connection therewith. Recipients of this
report shall be solely responsible for making their own independent
investigation into the business, financial condition and future prospects of
any companies referred to in this report. Other  Indices quoted herein are
for guideline purposes only and sourced from third parties.

 


 

 


(c) 2024 Web: www.bullszimbabwe.com <http://www.bullszimbabwe.com>  Email:
bulls at bullszimbabwe.com <mailto:bulls at bullszimbabwe.com>  Tel: +27 79 993
5557 | +263 71 944 1674

 


 

 

 

 

 

 

-------------- next part --------------
A non-text attachment was scrubbed...
Name: winmail.dat
Type: application/ms-tnef
Size: 245537 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20241209/12cbbb21/attachment-0001.bin>