Goodwell starts new fund for rapid-growing African SMEs
Friday, 09 October 2020 12:17
Dutch company Goodwell Investments just launched a new fund - Goodwell Impact Privak- targeting fast-growing African SMEs.
The vehicle, which pools financial resources of wealthy Belgian families and individuals, will invest in about 30 companies across the continent. Half of its capital will go into businesses specialized in the provision of financial services, while the other half will be invested in agribusinesses as well as transport and mobility companies.
Goodwell says its goal is to help “the millions of people in Africa who still lack basic services such as financial services.” Through Goodwell Impact Privak, the Dutch firm intends to generate a significant financial return for investors.
Goodwell has participated in the launch of several investment funds focused on the African continent. These include Goodwell IV and uMunthu.
Chamberline MOKO
Live News
-
African Union to fund three think tank consortia through ATTP platform
13:56
-
Nigeria: U.S. Military Intervention in Sokoto, a New Test for the Country’s Financial Credibility
13:30
-
Swiss‑Belgian Company Pumps 1.3 billion Francs into WWF Cocoa Project Targeting Jobs and Forest Protection
13:12
-
Cameroon Backs AfCFTA Corridor Project as IOM Secures AfDB Funding
12:15
-
NALA Secures Triple Licensing in Uganda, Accelerating East African Fintech Expansion
11:55
-
U.S. Airstrikes in Nigeria: Counter-Terrorism Mission Meets Contested Religious Narrative
11:51
-
Nigeria fintech Clea eases international supplier payments for businesses
17:15
-
Morocco accelerates airport digitalization at Casablanca hub for AFCON 2025
16:12
-
Lomé Commercial Fortnight runs through January 4, 2026
15:38
-
Cameroon positions 650,000 hectares for deforestation-free cocoa under EU rules
13:48
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
AU selects three African think tank consortia under its ATTP funding scheme Each consortium could receive about $10 million over two and a...
NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance license. Backed by $40M in Series A...
Trump targets militants in Sokoto, citing Christian "genocide," though locals note the region is mostly Muslim. Abuja confirms the joint strikes...
Japan adds $3.3 million to the Souiria K’dima fishing port project Total Japanese funding for the project reaches $17.2...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...