Impact Investment firm Renew to Enter Uganda Market


RENEW, a private equity impact investing firm has launched in Uganda, its second African country after presence in Ethiopia since 2012 to meet Uganda’s growing GDP of $88.61 billion, 40 million people and a rising middle class with a per capital GDP of $2,400.

Uganda has performed very well over the past ten years. The country also has a special place in RENEW’s history, as it was the first country I visited on the continent and learned about the immense opportunity in Sub-Saharan Africa’s private sector. We are excited that RENEW and the Impact Angel Network (IAN) are expanding from Ethiopia, where we have become the most active investment firm, into Uganda; a country rich with culture and opportunity,” RENEW’s CEO Matthew Davis recently commented.

RENEW has been a presence in Ethiopia since 2012 and, with the IAN, has become one of the most active private equity investors in the country and plans to bring this full model to Uganda. RENEW is an impact investment firm that has designed an innovative financing model to address the missing middle that exists in the capital markets across many countries in Sub-Saharan Africa. The missing middle is a gap in the capital markets that exists between micro- finance and larger equity funds and bank financing. The missing middle limits the development of the private sector, specifically for small and medium enterprises (SMEs).

RENEW’s model fills this gap by investing capital alongside the IAN, a global network of impact investors. RENEW established the IAN in 2012, and it has now grown to become the largest angel network in North America dedicated to investing in SMEs in Africa. RENEW and the IAN partner with the development community to build vibrant angel investment ecosystems that provide risk capital for SMEs, unlocking their potential for job creation and financial returns

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