Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Alitheia and IDF Capital raise $20 million for African gender-lens fund

ImpactAlpha, November 19 – There aren’t many female-led investment funds in Africa, but investors are buying into the few there are.

Nigeria-based Alitheia Capital and South Africa-based IDF Capital have scored $20 million for a joint fund to invest in small and mid-size African businesses boosting women’s economic empowerment and financial inclusion. The fund, Alitheia IDF, secured $7.5 million from Canada’s development finance institution, FinDev Canada, and $12.5 million from the African Development Bank.

Alitheia IDF aims to invest 50% of its capital in women-owned or -led businesses and mobilize $100 million to women-led businesses. Other target impacts include creating 5,000 jobs for women in its portfolio’s supply chain and enabling access to essential products and services for 100,000 women.

Gender lens in Africa

Nigeria’s Aruwa Capital recently launched is own gender lens fund. Unlike institutional investor-backed Alitheia IDF, Aruwa has directed its fundraising efforts at high net worth individuals and family offices in West Africa.

Agent of Impact: Adesuwa Okunbo Rhodes, Aruwa Capital Management

Also, the European Investment Bank recently launched its SheInvest initiative to mobilize €1 billion in investment capital to women’s empowerment in Africa.

You might also like...