Alitheia Capital Joins 2X Global

Tokunboh Ishmael, Co-founder and CEO, Alitheia Capital.

Alitheia Capital is celebrating two significant milestones: the 5th anniversary of its Alitheia IDF Fund (AIF) becoming a 2X Global Flagship Fund and the firm’s formal membership in 2X Global. These milestones underscore Alitheia Capital’s pioneering and unwavering commitment to gender-smart investing and sustainable, inclusive growth across Africa.

Since 2019, Alitheia IDF Fund has been at the forefront of gender-smart investments in Africa, directing over $75 million into 13 transformative companies across various sectors including agro-processing, manufacturing, fintech, clean and renewable energy.

Major achievements of AIF include:

●       77% of portfolio companies are women-owned and represent over 51.62 million USD in revenue.

●       54% female board representation across the portfolio of companies.

●       The portfolio boasts over 1,584 full-time employees and over 850,000 indirect jobs created, with over 45% jobs held by women.

●       Over 20% have achieved a Gender Strategic state, leveraging Gender Smart factors to achieve superior performance; 54% of the portfolio have progressed to Gender Proactive and 23% to Gender Aware from a starting point of being Gender Negative.

With these achievements, Alitheia IDF has played a crucial role in empowering female entrepreneurs and women-led businesses. Addressing structural gender inequalities and creating opportunities for sustainable economic growth which in turn aligns with the United Nations Sustainable Development Goals (SDGs).

Jessica Espinoza, CEO of 2X Global, welcomed Alitheia Capital’s membership, stating:

Jessica Espinoza, CEO, 2X Global

“Alitheia Capital and 2X Global have been on a long, shared journey together, going back to when their pioneering fund, Alitheia IDF Fund (AIF), was named a 2X Flagship Fund under the 2X Challenge.

They have been paving the way as a pioneer of gender lens investing and have set a benchmark for the industry of what it means to have gender as a value driver at the core of an investment strategy. Alitheia IDF have inspired a whole new generation of women-led fund managers, and we are truly excited that they are now officially a member of 2X Global.”

Alitheia Capital is excited to formally become a member of 2X Global and notes that its membership with 2X Global reinforces their ability to:

●       Mobilise greater private capital for sustainable development in Africa;

●       Champion gender-smart, climate-resilient, and digitally transformative solutions and;

●       Collaborate with global leaders to reshape Africa’s financial and social ecosystems

Co-founder and CEO of Alitheia Capital, Tokunboh Ishmael noted:

“Alitheia’s membership in 2X Global reflects our unwavering commitment to Gender-Lens investing. As a pioneer in the space since 2014 when the Alitheia IDF Fund  was birthed and the AIF Gender Lens toolkit conceived, Alitheia remains committed to making investments that enable Africa and its people to reach their full potential through impactful and strategic investments that drive inclusion, shared prosperity and resilience built on the bedrock of gender lens investing for superior performance, energy greening for efficiency, and digital enabling for broader access to essential goods and services. As a firm founded and led by women, Alitheia understands the transformative power of female participation and leadership in building resilient, future-ready economies.”

The firm’s journey reflects the power of collaboration and the impact of strategic investments in gender-lens, climate-resilient, and digital transformation solutions. From pioneering investments in companies such as Paga, Max.Ng, Reelfruit and Psaltry International, Alitheia continues to lead the charge in scaling innovative solutions to Africa’s most pressing challenges.

This anniversary marks a call to action to build on Alitheia’s progress and legacy of inclusion, innovation, and equity. Alitheia Capital and 2X Global are committed to unlocking Africa’s full potential by fostering inclusive growth and creating a future where sustainability, innovation, and gender equity thrive.