Aruwa Capital Management

Aruwa Capital Management is a Lagos-based growth equity and impact investment firm that deploys capital with a gender lens. The firm focuses on directly investing in established, rapidly expanding businesses in West Africa, particularly Nigeria. Its investment approach emphasizes companies either founded or led by women, or those producing goods and services that significantly benefit women.

The firm was founded in 2019 by Adesuwa Okunbo Rhodes. She established Aruwa Capital Management based on the conviction that a substantial market opportunity exists by addressing the gender imbalance within capital allocation. This insight leveraged her extensive background, including over a decade of experience in investment banking and private equity prior to launching the firm.

Aruwa Capital Management targets small and medium-sized enterprises (SMEs) and mid-market companies that are poised for significant growth and impact. The firm’s vision is to generate compelling returns for its investors while simultaneously fostering economic growth and female empowerment across Africa by supporting businesses that are often underserved by traditional financing.