The African Visionary Fund (AV Fund) is integral to this article’s discussion on the reevaluation of foreign assistance approaches. Degan Ali, a prominent African activist and founder of NEAR, a network championing the Global South’s leadership, advocates for reforming foreign aid distribution. Furthermore, the organization aims to decentralize control, directing resources and decision-making power closer to the communities they intend to assist.

Evidence of Change

Decolonizing Development is gaining traction in the aid sector, highlighted by the African Visionary Fund (AV Fund)’s recent announcement. Launching as a Segal Family Foundation fellowship in 2017, the AV Fund commits $1 million in flexible support to African-led organizations. In addition, this initiative, benefiting Sub-Saharan African communities, boasts pooled funding from several contributors, including King Baudouin Foundation’s United States (U.S.) arm, Segal Family Foundation, Skoll Foundation and the Tawingo Fund, which supports small to medium-sized charitable groups aiding the needy in developing nations.

The Case for Co-Leadership

Co-leadership is essential to the African Visionary Fund’s (AV Fund) operation, underscoring the belief that proximity to the communities served enhances the impact. Integral to its philosophy since inception, the AV Fund advocates for equity-centered philanthropy, embodying these principles within its structure. Launched as an independent entity in 2020, Katie Bunten-Wamaru, with her extensive background in nonprofit management and experience in East Africa, serves as the co-CEO, propelling the Fund’s mission forward. Her leadership exemplifies the Fund’s commitment to shared governance and deep local engagement.

“The African Visionary Fund (AV Fund) emerged amid global discussions on equity and localization, focusing on directing more funding to local leaders during the global pandemic. A year after its inception, Atti Worku joined Katie Bunten-Wamaru as co-CEO. Based in Africa, Worku, with her extensive experience in the nonprofit sector and advocacy for local founders, has significantly contributed to the Fund’s mission. Moreover, before the AV Fund, Worku founded and led Seeds of Africa in Ethiopia for more than a decade, bringing valuable grassroots experience to her role.

Atti Worku, AV Fund co-CEO stated “This role is very personal to me. I see myself in the ambitious and innovative entrepreneurs we engage with at the AV Fund. I hope to learn from them and partner with them to redesign funding systems that give African visionaries an equitable chance of success.”

AV Fund

The African Visionary Fund (AV Fund) emphasizes collaboration with visionary leaders and acts as a strategic ally, creating opportunities for those closest to their communities. It focuses on supporting organizations that are African-founded, -based and -led, working alongside a network of trusted partners. In addition, this approach enables significant impacts across various sectors, including health infrastructure, education, local economies and equitable societies, showcasing the Fund’s success in fostering sustainable and inclusive development.

Looking Forward

The AV Fund is evidence that foreign aid is having a reckoning. As Degan Ali impressed “International fund-raising should be based on amplifying the dynamic work our communities themselves are engaged in.” Furthermore, Bunten-Wamaru stated, “Everything that we do has to be in service of African-led organization.” In addition, Katie explained further, “There will always be a need to balance this tension – having a co-leadership model helps us balance both sides of our work and not lose sight of either goal.”

– Pamela Fenton
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