Impact investing firm Goodwell Investments has raised EUR20 million (US$24.8 million) from over 30 investors for investments in the inclusive economy in Sub-Saharan Africa. Its African portfolio companies include Nigeria’s Paga and South African startups Nomanini and WhereIsMyTransport. Half of the fund will be invested in financial services, and the other half in agriculture, health and sanitation, energy, transport and education. “Investment in the financial sector is crucial as it is the driving force behind a thriving local economy. Goodwell is convinced that if un(der)served consumers had access to these basic services, it would contribute to a more sustainable and inclusive society.

Source: The North Africa Journal February 08, 2018 09:11 UTC