Goodwell’s 2023 Impact Report is out now
Goodwell was founded with the hope of “doing well by doing good”, and for 20 years, we’ve held true to that ambition. But what does that actually mean in terms of making our society a better, more inclusive place? In our 2023 Impact Report, we invite you to come behind the scenes with us to learn more about how we approach impact investing, and how our work is helping to make positive changes for people and the planet.
A year of new opportunities
Let’s immediately get into The Good Stuff: by the end of 2023, Goodwell’s work had successfully impacted 39+ million households. We’ve supported the creation of nearly 40,000 jobs so far, and our work now spans 45 African countries. We’ve come a long way since our very first investment in Indian microfinancing in 2007!
Despite the international investment community dealing with ongoing repercussions from COVID-19 and a challenging fundraising environment, 2023 was a year of huge opportunity for Goodwell. For example, we launched a new fund: Pepea – which we manage on behalf of Oxfam Novib. And we announced the first close of uMunthu II, our flagship fund for inclusive growth in Africa. We also made the final investments within our now-closed uMunthu fund, and welcomed a number of new companies into our investment portfolio: Souk Farms, Complete Farmer, Haul 247, OmniRetail, Origen Fresh, and Instill Education.
Read more about these 2023 developments.
A year of inclusive growth
Goodwell invests where we see the greatest potential for sustainable, local impact. We currently focus on finance, food and agriculture, mobility and logistics, and other high-impact sectors, like energy and education. These are all industries that can provide essential goods and services to underserved people, create opportunities for inclusive growth, and deliver strong financial returns for our investors.
This is what all our portfolio companies have in common: impact is at their core. We “simply” provide the financing and hands-on expertise to support their growth and expand their impact. By the end of 2023, our 36 portfolio companies were all contributing to inclusive, green economic growth, and providing stronger, more secure livelihoods.
Learn about the impact of our portfolio companies.
A year of impact – with more to come
Reflecting our investment principles of financial inclusion, digital inclusion, gender inclusion and climate resilience, in 2023 Goodwell continued helping to improve access to high-quality goods and services across Africa.
In 2024 and beyond, we’ll keep improving upon what we already do best. We’re expanding thoughtfully and sustainably, to better serve our investors, portfolio companies, and team, and increase our ability to generate lasting impact. We’ve made our name by proving what’s good for people is good for business, and we’re going to keep on making bold choices, first moves, and spreading our impact.