Women Rising | December 20, 2021

Alitheia IDF secures $100 million for an African gender-lens fund

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, December 20 — Alitheia IDF, a joint venture between women-led fund managers Alitheia Capital and IDF Capital, aims to positively impact women consumers, distributors and producers.

The African private equity fund will invest in growth-stage women-led businesses in Nigeria, South Africa, Ghana, Zimbabwe, Lesotho and Zambia in agriculture, education, health, financial services, technology and logistics.

African “women-owned businesses still struggle to raise funding, although they have proven their performance,” said Thomas Ostros of European Investment Bank, an investor in the fund.

Alitheia IDF has backed five companies, including Nigeria’s ReelFruit, which sources produce from local farmers for dried fruit snacks.