Two Netherlands-based organizations, the NGO Oxfam Novib and for-profit Goodwell Investments recently partnered to create Pepea Fund, with EUR 20 million (USD 22.8 million) from Oxfam Novib to support small and medium-sized enterprises (SMEs) in Kenya, Ethiopia and Uganda. Goodwell Investments will
Tag: Goodwell Investments
MICROCAPITAL BRIEF: South Africa’s MFS Africa Lands $14m in Equity from Equator Capital’s ShoreCap III Fund, FSD Africa, Goodwell Investments, Lun Partners to Boost Mobile Financial Services in Rural Areas
South Africa-based financial technology (fintech) company MFS Africa recently raised equity totaling USD 14 million to expand its mobile financial services (MFS) into additional rural areas in Africa. The investors, which are participating in undisclosed portions, are US-based impact fund manager Equator