Alitheia IDF (AIF), a women-focused private equity fund in Africa has raised less than 1% of the nearly \)"> 5 billion that has been raised by startups across Africa so far this year.
“Globally, women have tremendous purchasing power as consumers and controllers of household economics. In the same vein, women entrepreneurs have a significant presence in Africa’s SME sector with African women making up 58% of the continent’s self-employed population. However, despite this economic power and presence, they are underserved as consumers and producers,” said Alitheia’s principal partner in Nigeria, Tokunboh Ishmael.
Ishmael adds that the exclusion of women has had a huge impact on Africa’s economic growth as the potential of more than half of its population remains untapped due to structural and systemic issues.
“We are proactively working towards filling this gap with a clear mandate to support women-led businesses across the continent while raising awareness for gender smart investment as a path towards inclusive economic growth,” she said.
Alitheia invests in growth stage companies across Nigeria, South Africa, Ghana, Zimbabwe, Lesotho and Zambia, representing a small fraction of the 55 countries in Africa.
By investing in women, the fund hopes to unlock the potential of women-led businesses in Africa, and, ultimately, the economic transformation of their countries.
The fund’s investors include the African Development Bank, Bank of Industry Nigeria, FinDev Canada, Dutch Good Growth Fund and the European Investment Bank. European Investment Bank (EIB) joined the round as the closing investor, committing
The new
Jetstream Africa, which raisedChika’s Food , and ReelFruit, which raised \)">3 million in series A investment two months ago, are both snack manufacturers. SKLD supplies merchandise including educational, hygiene and office supplies.
“The historic inability to appropriately capture the economic potential of African women has affected Africa’s development. Alitheia IDF is on a mission to fill this gap by using a gender-smart approach, and financial capital to empower women as consumers and producers,” said Alitheia’s principal partner in South Africa, Polo Leteka.
“Globally, women have tremendous purchasing power as consumers and controllers of household economics. In the same vein, women entrepreneurs have a significant presence in Africa’s SME sector with African women making up 58% of the continent’s self-employed population. However, despite this economic power and presence, they are underserved as consumers and producers,” said Alitheia’s principal partner in Nigeria, Tokunboh Ishmael.
Ishmael adds that the exclusion of women has had a huge impact on Africa’s economic growth as the potential of more than half of its population remains untapped due to structural and systemic issues.
“We are proactively working towards filling this gap with a clear mandate to support women-led businesses across the continent while raising awareness for gender smart investment as a path towards inclusive economic growth,” she said.
Alitheia invests in growth stage companies across Nigeria, South Africa, Ghana, Zimbabwe, Lesotho and Zambia, representing a small fraction of the 55 countries in Africa.
By investing in women, the fund hopes to unlock the potential of women-led businesses in Africa, and, ultimately, the economic transformation of their countries.
The fund’s investors include the African Development Bank, Bank of Industry Nigeria, FinDev Canada, Dutch Good Growth Fund and the European Investment Bank. European Investment Bank (EIB) joined the round as the closing investor, committing
The new
Jetstream Africa, which raised
“The historic inability to appropriately capture the economic potential of African women has affected Africa’s development. Alitheia IDF is on a mission to fill this gap by using a gender-smart approach, and financial capital to empower women as consumers and producers,” said Alitheia’s principal partner in South Africa, Polo Leteka.