Goodwell Investments has launched a new EUR 20 million fund, aiming at investing in the inclusive economy in Sub-Saharan Africa. The launch of the fund is launched as a result of the growing demand for impact investments from private investors, family offices and foundations.
The fund aims to achieve maximum social impact, while delivering a market rate return to investors. Rising income level couple with the rise of digital revolution are some of the key trends changing the social and economic environment in Africa. Despite this, millions of people continue to be excluded from basic goods and services, such as financial services, energy or health care. Goodwell´s believe that investing in initiatives providing providing un(der) served consumers with access to these basic services will contribute to a more sustainable and inclusive society.
As such, the fund will invest in fast growing companies that offer products and services to the unserved and underserved. Goodwell’s extensive network in this sector and successful track record from predecessor funds makes it a trusted and insightful actor within the impact investment space.
The aim is to build a portfolio that will spread across impact sectors and regions in Sub-Saharan Africa. Half the fund will be invested in financial services, as the financial sector is the driving force behind any thriving economy. Access to financial services is also critical in leveraging business, and giving entrepreneurs the opportunities to build scalable businesses. The rest of the fund will be invested in agriculture, health and sanitation, energy, and transport. There is a specific focus on technology-driven solutions because technology, especially on the vast African continent, enables businesses to reach more consumers faster and at much lower cost.