Africa’s foremost women-based business investor, Aruwa Capital Management, said the organization has injected a whooping sum of $2million into fastizers, a female founded and indigenous local manufacturer of snack foods and confectioneries in Nigeria.
Founded in 2010, Fastizers, which emerged from the personal kitchen of Debbie Lawson, as a passion project, has evolved into a household name and a rapidly growing snack food manufacturing company, captivating the taste buds of consumers across the nation.
According to the Founder and Managing Partner of Aruwa Capital Management, Adesuwa Okunbo-Rhodes, she said they were excited with the vision of fastizers and its potentials of “becoming leading players in the Nigeria snack foods industry.
“This partnership marks a significant milestone in supporting their growth and expansion within the Nigerian snack food industry.
“The investment aligns with our investment objectives and our determination to back indigenous female founded businesses that lack access to patient growth capital.
“Founded and led by a woman with over 46% female ownership, 45 % female representation across its workforce and 59% female representation amongst its distributors.”
The Women economic advocate further added, “The investment also represents our commitment to empowering local businesses, encouraging import substitution and fostering sustainable economic development in Nigeria through job creation.
“We firmly believe in Fastizers’ potential to revolutionize the snack food industry in Nigeria, and we are excited to witness their continued success and import.”
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