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Investment firm decries funding gap for women-led businesses

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The Managing Partner of Aruwa Capital, a Lagos-based equity and investment company, Adesuwa Okunbo-Rhodes, has complained about the funding gap women-focused businesses are grappling with.

She argued that businesses managed by women make up 40% of all small and medium enterprises in Africa.

She said Aruwa Capital was creating funds to invest in innovative businesses that are founded or led by women. Okunbo-Rhodes explained that Aruwa invests in innovative businesses, poised for scale, that provides essential goods and services to the rapidly expanding female economy, and businesses that are founded or led by women or have gender-diverse teams.

 

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