FinDev Canada makes $7.5m commitment

The Canadian institution makes an investment to bolster women's economic empowerment in Africa.

Institution: FinDev Canada
Headquarters: Québec, Canada
AUM: C$97.18m
Bitesize: $10m-$50m

FinDev Canada has approved a $7.5 million commitment to Alitheia IDF Fund, striving for a better women entrepreneurship environment in Sub-Saharan Africa.

The fund aims to promote economic empowerment amongst women and will invest in women-owned SMEs in the region.

African Development Bank and Dutch Good Growth Fund have also committed to the vehicle.

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