Strong SME Ecosystem Vital for Africa's Economic Growth

Adesuwa Okunbo Rhodes, the Chief Executive Officer of Aruwa Capital Management, reaffirmed the firm’s commitment to supporting high-growth African SMEs, which are crucial for sustaining economic growth. Speaking at the 4th Aruwa Capital annual investor meeting held at the prestigious Wheatbaker Hotel in Lagos, she described the event as a celebration of the ecosystem built alongside the firm’s investor portfolio.

Rhodes emphasized that SMEs remain central to Africa's economic future, creating jobs, strengthening local value chains, and driving innovation. She pointed out the significant opportunities presented by investing in women-led businesses, which can accelerate inclusive growth and employment across the continent.

Rhodes stressed that private capital should go beyond mere financing to build enduring partnerships that enable entrepreneurs to scale and sustain their businesses. The event also featured the third edition of the Aruwa Investor Meet Awards, recognizing outstanding achievements across various sectors, including innovation and social impact.