SKLD Integrated Services redeemed its ₦1.28 billion Series 15 Commercial Paper on schedule this month, continuing its track record of meeting financial obligations to investors. The company closed FY 2025 with revenue of ₦10.8 billion, up 35% year-over-year. Profit after tax nearly doubled to ₦187 million. Growth was distributed across educational supplies retail (29% of […]
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In January, Wemy Industries bought a new adult diaper production machine at its Nigerian facility. The machine is set to quadruple production capacity by up to four times. Since Alitheia Capital invested in 2021, the company has grown significantly. Monthly revenue has grown significantly, and the team has expanded from 70 people to over 400,
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Paga announced a direct integration with PayPal in the month of January. Nigerians can now receive international payments straight into their Paga wallets. For freelancers, merchants, and businesses earning income across borders, this removes a persistent obstacle. Getting paid, converting funds, and keeping money in the formal financial system just became simpler. Cross-border payments remain
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In January, MAX, our portfolio company achieved profitability in Nigeria and closed a $24 million financing round combining equity and debt. The company intends to expand its electric mobility financing operations across West and Central Africa. Profitability and growth capital in the same quarter is unusual in this market. This indicates that MAX has figured
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In January, the African Private Capital Association (AVCA) released the most comprehensive analysis of gender in African private capital to date. The report covers 218 investors managing 1,972 portfolio companies. For anyone paying attention to performance data, the findings are difficult to dismiss. Female-led portfolio companies grew revenue 32% year-over-year. Male-led companies grew 14%. Female
Thought Leadership & Market Insights Leading the Conversation: Alitheia Capital’s 2026 Outlook for Private Equity in Africa Shaping the Dialogue: Tokunboh Ishmael at PAFMA Conference in Nairobi On January 27 and 28, Tokunboh Ishmael spoke at the inaugural Pan Africa Fund Managers’ Alliance (PAFMA) Conference in Nairobi. The event gathered fund managers, investors, and policymakers
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Post-Event Reflections from the Africa Startup Festival Featuring Yewande Adewusi At this year’s Africa Startup Festival, Our Chief Operating Officer, Yewande Adewusi, sat on the panel “The Trust Deficit: Fixing the Relationship Between Capital and Continent,” alongside global and regional investment leader, Nobuhiko Ichimiya, and Janice Dibia, CFA, who masterfully moderated the conversation. During the
At the inaugural EIB FUNDamentals conference held in Luxembourg, Alitheia Capital’s Managing Director, Tokunboh Ishmael, joined leaders from across the world to discuss “Women at the Forefront: A Strategic Priority for Inclusive Development.” The conversation focused on women, inclusion, and how equity has become a true driver of value creation. For Tokunboh, this was more than a discussion but a moment of reflection on a
We also had the pleasure of visiting another one of our portfolio companies, Hinckley E-Waste Recycling, to see their amazing progress firsthand. The team, led by CEO Adrian Clews, is tackling Nigeria’s growing e-waste problem head-on. “We’re excited to show the progress we’ve made,” said Adrian. “Our goal is to safely manage the increasing volume of e-waste, turning a
Alitheia Capital visits Hinckley E-Waste Recycling! Read More »
At Alitheia Capital, we back companies that bridge the gap to essential services, creating a more inclusive economy across the continent. Recently, one of our portfolio companies Seamfix launched ePass, a fully digital passport renewal platform developed in partnership with the Government of the Republic of Benin, expanding access to trusted identity services for Beninese