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Social impact investment firm Goodwell Investments has launched its EUR150 million (USD 154 Mn) uMunthu II fund, aimed at igniting the growth of inclusive businesses in the region. The fund is set to finance innovative, scalable, small, and medium-sized businesses that improve the access and affordability of basic goods and services for unserved and underserved consumers in Africa. The diversified investment portfolio will focus on financial inclusion (35%), food and agriculture (25%), and mobility and logistics (15%), with a secondary focus on healthcare, education, and energy.
Goodwell Investments is an impact investment firm focused on inclusive growth in sectors providing basic goods and services and income generation opportunities to underserved communities in Africa and India. The firm provides early-stage equity to high-growth, high-impact businesses. With teams in Kenya, Nigeria, South Africa, and the Netherlands and a track record of over fifteen years, Goodwell demonstrates the ability to simultaneously deliver significant social impact and strong financial returns.