Judd Devermont, who joined the White House staff in October 2021 as National Security Council Senior Director for African Affairs, was the author of the influential “U.S. Strategy Toward Sub-Saharan Africa” white paper for the Biden administration, which was announced in August 2022. The strategy was followed by the U.S.-Africa Leaders Summit in December 2022, in which Biden pledged $55 billion towards supporting a revamped vision for the U.S. on the continent. Devermont is joining Washington D.C.-based Kupanda Capital, a private equity investor whose Africa-focused portfolio includes Fraym, a geospatial data company, climate fintech platform Nithio , and Lagos-based music label Mavin Records whose roster features some of the hottest Afrobeats stars. He will have a role as the firm’s Operating Partner, focused on innovation.
SOURCE: SEMAFOR
