To capture a share of Nigerian savings, local entrepreneur Iyinoluwa Aboyeji launched a second vehicle through his fund Future Africa in early April. The new fund, dubbed The Future Collective, defines itself as a "community of co-investors funding the future".
Aboyeji is hoping to use the collective to pump fresh cash into Future Africa's existing portfolio whose investors have been rattled by the coronavirus outbreak and many have pulled out. Future Africa explains on its site that it aims to counter