Goodwell’s Second uMunthu Fund Launches with €50mln.

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Goodwell Investments, a social impact investment company, has established its EUR150 million (US$154 million) uMunthu II fund with the goal of fostering the expansion of inclusive enterprises in the area.

Goodwell Investments is an impact investing company that focuses on inclusive growth in industries that offer underprivileged populations in Africa and India access to essential products and services as well as chances for income generating.

In order to finance innovative, scalable, small- and medium-sized enterprises that increase the cost and accessibility of essential goods and services for underserved and unserved customers in Africa, Goodwell is seeking EUR150 million (US$154 million).

Alithea Capital, Goodwell’s long-term investment partner with a base in Lagos, Nigeria, will co-manage the fund. Private investors, family offices, and foundations have so far committed EUR50 million (US$51 million) to the fund.

Disruptafrica.

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