PRESS RELEASE -- Goodwell Investments has raised 20 million Euro from over 30 investors for investments in inclusive economy in Sub-Saharan Africa. Goodwell invests in young, fast growing companies that offer products and services to un(der)served people to meet their increasing demand for affordable and quality basic products. The goal is to achieve maximum social impact while delivering a market rate return to investors.
Economic and social developments are rapidly changing the face of Africa. Still, millions of people are excluded from accessible and adequate basic goods and services, such as financial services, energy or health care. Goodwell is convinced that if un(der)served consumers had access to these basic services, it would contribute to a more sustainable and inclusive society. This objective is best achieved by providing capital and management support to companies that deliver these products and services.
The investment fund is built on a portfolio that is spread across various impact sectors and regions in Sub-Saharan Africa. Half of the fund will be invested in financial services; the other half in agriculture, health and sanitation, energy, transport and education. Investment in the financial sector is crucial as it is the driving force behind a thriving local economy. This gives businesses the best leverage and opportunities to scale-up. Goodwell’s extensive network in this sector and successful track record from predecessor funds, allows the company to be a trusted and insightful mentor within the impact investment space.
With under a week to go until AfricaCom 2018, Connecting Africa speaks to Dudu Mkhwanazi, the CEO of Project Isizwe, a South African non-profit organization that advocates for free Internet access within walking distance in low-income communities.