November 28

Goodwell Launches €150 Million uMunthu II Fund to Ignite Inclusive Business Growth in Africa

By Joan Aimuengheuwa

Today, Goodwell Investments B.V. launched their most ambitious institutional investment fund yet, uMunthu II.

Where other firms have become more cautious in the face of economic uncertainty, Goodwell recognizes the immense untapped opportunity of the African market, and is expanding their commitment to ignite the growth of inclusive businesses in the region.

Goodwell is raising €150 million to finance innovative, scalable, small and medium-sized businesses that improve the access and affordability of basic goods and services for un(der)served consumers in Africa. As a first-mover, Goodwell will once again work as a trailblazer, attracting others in the wider ecosystem to invest in previously overlooked sectors.

Photo courtesy of World Bank Photo Collection.

Source: TechEconomyNG (link opens in a new window)

Finance, Investing
financial inclusion