Investing funds in local SMEs - Proposed transaction - Alitheia IDF Fund AIF
AIF will be established to provide risk capital with a gender lens focus to high growth SMEs in selected countries in Western (Nigeria and Ghana) and Southern Africa (South Africa, Lesotho, Zambia, Zimbabwe), particularly targeting women-owned or women-led companies.
The Fund will focus on providing equity, convertible loan notes and mezzanine instruments to SMEs, who have difficulty with accessing finance through traditional channels and could use support in order to professionalize and improve operations. AIF will invest into sectors like agribusiness, healthcare, manufacturing, clean energy, financial services, education, transport and logistics, and creative industries. AIF will make typical investments between approximately USD 1M and up to USD 5M including follow-on investments.