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Ethiopia , Sunday 31 May 2026

Oxfam Novib and Goodwell target East African startups with €20M Pepea fund

Published on: Wednesday 29 March 2023

Oxfam Novib and Goodwell target East African startups with €20M Pepea fund Impact investor Goodwell Investments and Oxfam Novib, a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7 million) fund, to provide financing to early-stage startups in Kenya, Uganda and Ethiopia. The fund, created with the backing of Oxfam Novib Impact Investments, will provide venture debt with a focus on mezzanine finance, which is a debt that can be turned into equity. Pepea will target early-stage businesses that have been in existence for one to five years, and are generating revenues but yet to raise capital.


News source: https://www.yahoo.com/lifestyle/oxfam-novib-goodwell-target-east-070008804.html

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