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Investing in African SMEs with Social Impact

Impact investment firm Goodwell Investments has launched a new $60 million fund that will channel capital from private investors, family offices and foundations to fast-growing, scalable small and medium-sized companies. The latest Goodwell Investments fund – Goodwell V – is a new multi-sector private equity fund focused on inclusive growth and sustainable development in Africa, and the cornerstone feeder for a new institutional fund the company plans to launch in the second half of this year. The firm’s local teams in Nigeria, Kenya and South Africa have made more than 20 investments across Africa over the last five years, successfully balancing substantial social impact with delivering a market rate of return to investors. Goodwell V will build a new portfolio of companies across various sectors in Africa. At least one-third will be invested in financial inclusion, a quarter in agriculture, and the remainder in mobility and other impact sectors such as education and healthcare.

SOURCE: DISRUPT AFRICA

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