Renew

Navigating emerging economies

Overview

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Addis Ababa, Ethiopia
Sub-Saharan Africa
Sector agnostic

RENEW is an impact investment firm that manages and serves the Impact Angel Network, a global network of investors that seeks to realize both social impact and financial returns on their investments in small and medium enterprises (SMEs) in Africa. RENEW’s largest office is in Addis Ababa, Ethiopia, from which it operates The Exchange, our platform for organizing capital, training executives and supporting investments. RENEW also has offices in Kampala, Uganda; Denver, Colorado, USA and Toronto, Ontario in Canada. The RENEW team includes financial analysts, lawyers and business consultants with extensive experience in Africa.

RENEW manages the Impact Angel Network, a members-only network of HNIs and wealthy families who invest in Africa.

Clients: “Impact Angel” investment vehicles, other investment vehicles, and development organizations

Services: Deal origination, investment management, management training and consulting, and development consulting

Value Proposition: Enables impact investments that are supported by an in-country team of professionals without high transaction costs

Geographic Focus: Sub-Saharan Africa, specifically East Africa

Sector Focus: Generalist, while favoring agro-processing, light manufacturing and services

Investment Strategy: Individual investments of $200K to $3M in SMEs with a focus on building disciplined, gender-balanced management teams and targeting an IRR of 25% or greater by launching new ventures or turning around under-performing companies

Impact Focus: SDG #5 & #8. We aim to build gender-smart companies that achieve gender balance in the C-Suite. We are passionate about decent work for employees and improved livelihoods for smallholder farmers. We provide training for local managers and executives, elevating their employment prospects. We work to drive exports and strengthen corporate governance. We also avoid projects with adverse ESG risks and in sectors on the IFC exclusion list.

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