Funds

Pepea

Pepea is a new 10-year EUR 20 million fund managed by Goodwell Investments on behalf of Oxfam Novib. Staying true to the Swahili word that gives the fund its name, Pepea will help early-stage growth companies in East Africa to “take off” and “flourish”. By investing in SMEs with high impact potential, this fund supports the growth of a greener, fairer, and more inclusive society, and directly contributes to UN’s Sustainable Development Goals for gender equality and climate action.

Partnering to change the impact investing landscape

Oxfam Novib and Goodwell Investments both have a long history of funding impact-driven SMEs. The two organizations are now joining forces to build upon each other’s strengths and expertise. To provide iSMEs sufficient access to impact investors, Oxfam Novib has made EUR 20 million available for investment in Kenya, Tanzania, and Uganda. Goodwell Investments will manage the fund’s day-to-day operations from their office in Kenya, providing in-depth knowledge of the investment landscape in the region and the potential to create a runway for future investments.

Investing in businesses, creating a more equitable future

Pepea is investing in East African companies in the agriculture, energy, mobility and logistics, and waste management sectors, because communities with lower incomes often pay a premium for these types of basic goods and services. To make essentials like these more accessible and affordable, Pepea’s iSME investments will focus on innovative, early growth stage businesses that contribute to a more human economy, which is fair, green and inclusive.

Green

By investing in companies with green business practices and/or products, Pepea contributes to a positive environmental impact which benefits the entire planet. The fund aims to reduce the average percentage of greenhouse gas emissions across all investments and tries to promote circular business principles.

Fair

Pepea will invest in the growth of a more inclusive economy by supporting fairer practices which benefit employees, suppliers/employers, and customers. One of the goals is to create hundreds of new jobs and to facilitate living wages in line with inflation for key stakeholders across the fund.

Inclusive

Investing in women facilitates a more inclusive and equal SME ecosystem. Research shows that there is a direct relationship between women in senior management positions and decent working conditions. That’s why Pepea aims to grow the percentage of female stakeholders and senior management across the fund’s investments.