In a statement released last Wednesday, Alitheia IDF (AIF), an African women-led and women-focused private equity fund, announced the final closing of its USD 100 million fund with the European Bank of investment (EIB) as final investor.

EIB financing for Alitheia Idf is part of an initiative to mobilize EUR 2 billion in investments that promote gender equality and women's economic empowerment on the African continent . Present in six African countries (Nigeria, South Africa, Ghana, Zimbabwe, Lesotho and Zambia), this institution aims to close the investment gap between women and men entrepreneurs, with a view to boosting the economic power of women. African women as producers, distributors and consumers. Investing more in agribusiness, education, manufacturing, housing, technology and logistics, Alitheia Idfa has already targeted companies like Jetstream Africa (Ghana), ReelFruit Ltd (Nigeria), Skld (formerly School Kits, Nigeria).