Women make up 47% of STEM graduates in Africa, according to a recent McKinsey study —a higher share than in Europe (42%), Asia (41%), and South America (41%). Additionally, in sub-Saharan Africa, as much as 30% of roles in STEM sectors are held by women. However, less than 20% of top tech roles are held by women in Africa. “Our research found that less than 20 percent of publicly listed companies in Africa with C-suite tech roles had a woman in that role,” the study’s authors wrote. “Furthermore, just 3%
Alitheia IDF is a $100 million private equity fund that aims to grow African SMEs through gender-balanced businesses. According to a report from Africa’s The Big Deal, female-led start-ups in Africa had raised 4% funding in 2022, while male-led ventures raised 96%. Therefore, 25 times less funding had been invested in female-led startups in 2022 than their male-led counterparts. Alitheia IDF aims to identify, invest in and grow businesses led by gender-diverse teams to achieve solid financial returns and social impact for African communities. Alitheia IDF The Alitheia IDF invests
