Rwanda: Goodwell invests in SOUK Farms
Goodwell Investments has announced an investment in SOUK Farms, a grower and exporter of fresh horticultural produce from Rwanda.
Goodwell provided funding through uMunthu II, the impact investor’s €150 million fund focused on scalable, early-growth stage businesses in Africa.
Founded in 2019, SOUK Farms has already carved out a significant niche in Rwanda’s agricultural landscape, building its own farming operations as well as working with a wide network of outgrowers to cultivate and export high-quality exotic horticultural produce while also serving consumers in the Rwanda market.
“Under the experienced leadership of Seun Rasheed, SOUK Farms has a clear vision for expanding their impact and productivity in a sector with ever-increasing demand. We are proud to support the company in this exciting stage of their business growth, and look forward to seeing how they continue to innovate in the agricultural space. With this investment, we are also pleased to mark our entry into Rwandan market, further expanding Goodwell’s presence in East Africa,” said Judith Ngonyo, investment manager at Goodwell Investments.
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