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Goodwell and Alitheia raise $60m to fund inclusive African businesses

New Investments

Goodwell and Alitheia raise $60m to fund inclusive African businesses

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Umunthu II is an impact investment fund dedicated to supporting inclusive businesses in Africa.

Goodwell Investments and Alitheia Capital have announced the first close of the uMunthu II Fund at $60 million. The fund, managed by Goodwell Investments, aims to catalyze sustainable socio-economic development and empower underserved communities across the continent. Umunthu II’s first close marks a significant milestone in its mission to address the financing gap faced by impact-driven enterprises in Africa.

 

The fund’s capital raise was led by a diverse group of international investors. With the funding, Umunthu II is well-positioned to provide crucial support to inclusive businesses that address social and environmental challenges while generating financial returns. The fund’s investment strategy focuses on sectors such as financial services, agriculture, healthcare, and clean energy, targeting companies that have the potential to generate sustainable impact at scale.

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Is Fintech in Africa Ready For A New Goliath? Gain Insights On How Multichoice Group Plans To Disrupt Africa’s Payments Landscape

Key Developments

Is Fintech in Africa Ready For A New Goliath? Gain Insights On How Multichoice Group Plans To Disrupt Africa’s Payments Landscape

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MultiChoice Group, Rapyd and General Catalyst have teamed up to develop an intergrated payment platform for Africa.
 

Moment has been developed to address existing challenges and complexities of financial transactions in Africa. The platform combines various payment methods into a single unified solution, including mobile wallets, card payments, and bank transfers. By consolidating these payment options, Moment aims to simplify transactions for individuals and businesses, irrespective of their location or preferred payment method.

 

Africa, with its diverse economies and varying levels of financial infrastructure, has long faced hurdles in achieving seamless and efficient cross-border transactions. The integrated payment platform seeks to overcome these challenges to enable seamless cross-border transactions, eliminating the need for multiple intermediaries and reducing transaction costs.

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Can Rwanda Break Out From Its Dependence on Agriculture? A New Innovative Platform Aims to Provide 1.5 Million Farmers With New Livelihoods and Opportunities

Key Developments

Can Rwanda Break Out From Its Dependence on Agriculture? A New Innovative Platform Aims to Provide 1.5 Million Farmers With New Livelihoods and Opportunities

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Rwanda is set to launch a groundbreaking digital platform to create 1.5 million off-farm jobs.
 

The innovative initiative seeks to provide individuals with diverse income-generating opportunities and contribute to the country’s development agenda. The digital platform, which is scheduled to be unveiled by the Rwandan government in the coming months, will leverage technology to connect job seekers with a wide range of off-farm employment options.

 

This includes opportunities in e-commerce, digital services, remote work, and other emerging industries, aiming to tap into Rwanda’s growing digital economy. By harnessing the power of digital connectivity, the platform aims to bridge the gap between job seekers and potential employers, ensuring a more efficient and inclusive job market.

 

The initiative is part of Rwanda’s broader strategy to diversify its economy and reduce the country’s dependency on agriculture as the primary source of employment. The launch of this digital platform aligns with Rwanda’s commitment to leveraging technology and innovation to drive socioeconomic progress.

Over the years, the country has made significant strides in digital transformation, positioning itself as a hub for technological advancements and digital entrepreneurship in the region.

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Can Africa Manufacture Its Own Vaccines? Mastercard Foundation & IDP Partnership Is a Pivotal Step Towards Africa’s Health Independence

Key Developments

Can Africa Manufacture Its Own Vaccines? Mastercard Foundation & IDP Partnership Is a Pivotal Step Towards Africa’s Health Independence

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The Mastercard Foundation and the Institut Pastuer De Dakar (IDP) have unveiled a $45 million partnership to strengthen Africa’s healthcare infrastructure and foster vaccine manufacturing autonomy.

The collaboration aims to bolster the continent’s vaccine manufacturing capabilities and enhance its preparedness for future health crises. The investment will be strategically utilized to support the development of vaccine manufacturing hubs across Africa. These hubs will serve as centers of excellence, equipped with state-of-the-art infrastructure, advanced technology, and research facilities to facilitate vaccine production, distribution, and quality control.

 

Through this partnership, the Mastercard Foundation and IDP aim to foster collaboration among African nations, academia, research institutions, and the private sector. The objective is to create a robust ecosystem that promotes knowledge sharing, skills development, and technology transfer, ultimately enabling Africa to produce safe, affordable, and effective vaccines locally.

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How Are Drones Transforming Healthcare Access in Africa? Learn About A New And Innovative Transport Solution That Just Launched.

Key Developments

How Are Drones Transforming Healthcare Access in Africa? Learn About A New And Innovative Transport Solution That Just Launched.

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Siemens Healthineers Middle East, Southern & Eastern Africa and WINGCOPTER Gmbh have partnered to launch Africa’s first integrated drone transport solution for medical supplies.

The partnership seeks to enhance healthcare accessibility and overcome logistical challenges in delivering medical supplies in Africa. This innovative initiative promises to revolutionize healthcare by ensuring timely and life-saving interventions, particularly in remote and hard-to-reach areas.

 

The cutting-edge system leverages the capabilities of unmanned aerial vehicles (UAVs) to deliver medical supplies such as vaccines, blood samples, medicines, and diagnostic equipment. Utilizing Wingcopter’s delivery drones interconnected with Siemens Healthineers’ laboratory diagnostics facilities will allow for quick and automated 2-way delivery of samples, medicine and other medical products.

The battery-powered drones will be operated by Wingcopter, covering a range of up to 75 kilometres while maintaining the cold chain at all times.

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