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Alitheia Capital proudly hosted an impactful International Women’s Day (IWD) Breakfast event themed “Investing in Women in Manufacturing, Agriculture, and Nutrition (WOMAN)” on March 12, 2024. The event, held in Victoria Island, Lagos, brought together a diverse array of industry leaders, entrepreneurs, investors, and stakeholders to celebrate the invaluable contributions of women in these critical sectors. 

Alitheia Capital, a trailblazing women-led impact investor renowned for its pioneering investments in leading companies such as Paga, Lidya, Max.ng, and Oradian, co-founded and co-manages Alitheia IDF, a groundbreaking $100 million fund—the first and largest gender lens fund in Africa. In honour of this year’s International Women’s Day, Alitheia Capital celebrated the exceptional achievements of women in manufacturing and showcased its groundbreaking investments in several women-led and women-focused manufacturing companies, including SKLD Integrated Services, ReelFruit, Tomato Jos, Ivili Loboya, Psaltry International, Wemy Industries, and CHIKA’s Food. 

The event commenced with a warm welcome address from Tokunboh Ishmael, co-founder, and Managing Director of Alitheia Capital, who emphasized the critical importance of investing in women as both a moral obligation and an economic imperative. She stated, “Globally, less than 5% of funding is invested in female founders. It is important to be intentional about diversity at a fund management level as we are at Alitheia.”

Mrs. Temilola Adepetun, founder and Managing Director of SKLD, a technology-enabled manufacturing and sourcing solutions company, delivered the keynote address. Mrs. Adepetun shared insights into SKLD’s evolution from a humble retail store to a thriving enterprise generating over one billion naira in revenue, underscoring the transformative impact of Alitheia’s investment in SKLD. 

Yewande Adewusi, Chief Operating Officer of Alitheia Capital and panel moderator, reiterated the firm’s commitment to driving positive change and fostering gender equality and economic empowerment. “By providing a platform for dialogue and collaboration, we aim to drive positive change and create opportunities for women entrepreneurs to thrive. Investing in women is not just the right thing to do, but it is also smart business.”

The event’s second phase saw a dynamic panel discussion on “Funding and Scaling a Manufacturing Business,” featuring industry experts Oluyemisi Iranloye (Founder and CEO, Psaltry International), Doubra Eghaghe (Investment Principal, Alitheia Capital), Deola Balogun (Founder and COO, Limlim Foods), Chike Chukwuelue (Manager, Corporate Finance Division, Bank of Industry), and Mrs. Temilola Adepetun. The panellists delved into strategies for success in manufacturing, access to finance, market opportunities, and scaling strategies for women-led businesses. 

The event underscored Alitheia Capital’s unwavering commitment to advancing gender equality and inclusive economic growth through strategic investments in women. As a pioneering gender lens investment fund manager, Alitheia Capital continues to lead the charge in championing women’s empowerment and driving meaningful impact in Africa and beyond.