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EIB-supported gender lens investment fund Alitheia IDF holds final close at USD100m

Alitheia IDF (AIF), Africa’s first women-led and women-focused private equity fund, has he’d it’s final close at USD100 million with European Investment Bank (EIB) joining as the closing investor with USD24.6 million. 

With this final close, Alitheia IDF becomes the largest gender-lens private equity fund by value in Africa.

Led by principal partners Polo Leteka and Tokunboh Ishmael, Alitheia IDF invests in growth-stage companies across six African countries: Nigeria, South Africa, Ghana, Zimbabwe, Lesotho and Zambia. The fund has a mandate to plug the over USD42 billion investment gap between male and female entrepreneurs as a means of catalysing the economic power of African women as producers, distributors, and consumers.

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