FinDev Canada invests US$7.5m in gender-lens fund to bolster women-owned SMEs

AFRICA – FinDev Canada, a company that invests in gender-lens fund to bolster women-owned SMEs in Africa, has announced an investment of US$7.5 million to Alitheia IDF, a fund supporting women-owned and led businesses, to boost women’s economic empowerment and access to finance in Sub-Saharan Africa. A joint venture between women-owned and led funds Alitheia Capital (AC) in Nigeria and IDF Capital (IDFC) in South Africa, Alitheia IDF Fund (AIF) was seeded with $12.5 million from the African Development Bank. The first fund of its kind in Africa, AIF uses…

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