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GroFin - Transforming SGBs in Africa & the Middle East

Posted By Shailen Neewoor, GroFin, Wednesday, June 13, 2018
Updated: Friday, June 15, 2018

Gain a deeper understanding of how GroFin, through its unique investment model in SGBs, is positively transforming small and growing businesses and the local communities they support. The inspiring success stories of its entrepreneurs exemplify the collaborative efforts of GroFin staff, investors, partners and clients. The 2017 GroFin Impact Report, Nomou Impact Report and Aspire Impact Report translates its faith in the power of the collective by asking the question “If not us, who? If not today, when? If not with our finance and support, how will these small businesses grow and succeed?”

2017 GroFin Impact Report

As at end 2017, GroFin has financed 675 small and growing businesses, supported 8,840 entrepreneurs, sustained a total of 86,190 jobs and touched the lives of 430,955 family members in the local communities across our 15 locations of operation in Africa and the Middle East. The report indicates that GroFin has made more investments in its priority sectors of education, healthcare, agribusiness, manufacturing and key services. Furthermore, GroFin invested US$ 60M in nearly 88 new small and growing businesses, with over 50% of the SMEs operating directly in our sectors of focus, sustaining 14,000 total jobs and supporting an additional 72,000 livelihoods. And to reinforce its value proposition of providing 'support beyond finance' the company introduced the GroFin STEP (Success through Effective Partnerships) Programme to support its SMEs and Entrepreneurs.

2017 Nomou Impact Report

The Nomou Programme is a regional initiative in MENA which was co-created by GroFin and Shell Foundation. As a result of the collaborative efforts of its investors, partners and clients, the Nomou programme is contributing to the alleviation of poverty and improvement of livelihoods in the communities where the programme operates, as well as striving to reduce the adverse impact of the humanitarian crisis in the region.

In 2017, the Nomou Programme supported 1,005 entrepreneurs, made investments into 103 SGBs, sustained a total of 10,287 jobs, touched the lives of 51,435 beneficiaries and added economic value of US$ 149 million per annum through its investee SMEs across Egypt, Jordan, Iraq and Oman.

2017 Aspire Impact Report

Since their inception in 2014, the Aspire Small Business Fund (ASBF) and the Aspire Growth Fund (AGF) have sought to promote local entrepreneurship, employment and economic value-add in the Niger Delta. With the Shell Petroleum Development Company of Nigeria Limited (SPDC) as anchor investor, the Aspire Enterprise Development Funds epitomise GroFin, a private development finance institution, and SPDC’s efforts to serve the local community with a combination of investment funds, business skills and market linkages.

In 2017 GroFin increased its commitment to supporting SMEs in the Niger Delta Region by investing in an additional 17 small and growing businesses and extending further funding of US$ 2.5M (140% increase from total amount invested as at end 2016). As at end of 2017, GroFin has supported 365 businesses, invested in 53 SMEs and sustained a total of 1,975 jobs under the Aspire Funds.

 Attached Files:

Tags:  2017  A Access to Finance  Access to Finance  Africa  Agriculture  ANDE Africa  ANDE Members  Base of the Pyramid  Business  business training  capacity development  DGGF  East Africa  education  finance  impact  impact investing  impact investing; gender lens investing; gender; w  impact investment  impact measurement  innovation  Investors  Kenya  MENA  missing middle  Philanthropy; impact investing  Private sector development  Rwanda  SDGs  SGB  SGBs  SGBs; accelerators; East Africa  SGBs; Environment; accelerators; energy  SGBs; West Africa; Senegal; Africa; MENA; Entrepre  small and growing agrobusiness  smes  social impact  South Africa  sustainability  sustainable development  Tanzania  Training  Uganda  West Africa 

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AXiiS is closing the gap with 6 billion (USD) in assets under management ready for SMEs to access finance Today!

Posted By FAST International, Finance Alliance for Sustainable Trade, Wednesday, April 12, 2017
Updated: Thursday, April 13, 2017
https://youtu.be/I4QvUzUwkxQ

About AXiiS:

Unique in its industry, Access and eXchange impact investment for Sustainability (AXiiS), is populated with local Financial Advisors based on their grounded work in the field with agriculture and forestry SMEs in Africa, Latin America and the Caribbean, ensuring sustainable investment ready cases.

Selected SMEs are profiled based on criteria ensuring their investment-readiness, while collecting relevant data on investment in agriculture and forestry sectors. It showcases blind profiles of SMEs and Financial Service Providers to ensure security and to enhance the matchmaking process.

To join or find out more, visit: www.axiis.ca

Download File (PDF)

Tags:  A Access to Finance  apps4africa  asset finance  banking  capacity development  climate resilience  emerging markets  Environment  environmental impact  finance  Global. Development  India; ANDE members  Investors  Latin America  news  nicaragua  Performance Measurement  Rwanda  Scale  SDGs  SGBs; accelerators; East Africa  SGBs; Environment; accelerators; energy  smaholder farmers  small and growing agrobusiness  smallholder farmers  smes  social impact  supply chain  sustainability  sustainable development  Tanzania  Uganda 

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Come to the Regional Final for Africa of Get in the Ring: the Investment Battle!

Posted By Charlotte van Dalfsen, BiD Network, Wednesday, August 20, 2014
Updated: Wednesday, August 20, 2014

In 2014 the Investment Battle of Get in the Ring will be organized in over 50 countries with over 2,000 participating start-ups. Through 50 National Finals and 8 Regional Finals 8 start-ups will be selected for the International Final. BiD Network will host the Regional Final of Africa in Rwanda, where the 10 most promising African start-ups will compete for one place in the International Final, taking place in Rotterdam, the Netherlands.

Through participation in the National Finals in several African countries, 10 finalists have been selected to move on to the Regional Final of Africa. Entrepreneurs and investors from the whole of Africa will come together in Kigali on the 18th of September to be part of the Investment Battle of Get in the Ring. The winning entrepreneur will participate in the International Final on the 21st of November in Rotterdam, where the final 8 most promising start-ups in the world will compete to become the world champion and to secure an investment to grow their business.
The Regional Final of Get in the Ring Africa: the Investment Battle is part of a 2-day event, taking place on 17 and 18 September. Other parts of the program include an investor forum and the Glocal Convention.

About Glocal Convention
Glocal Convention is an African developer and start-up convention that aims at promoting locally developed content with global quality and market appeal. This year’s convention shall bring together top technologists from Africa and beyond to share experiences, inspire and challenge the next generation of techpreneurs as well as create an agenda for continental innovation policy. The newest African innovations will be showcased and this will be an opportunity for young entrepreneurs to meet potential equity investors. Other features of Glocal Convention are the Innovator space and Exhibition, the Glocal Convention Start up Awards and Scholarships, and various networking events.

For more information about the event and to attend go to www.glocalconvention.org/gitr

Or contact: Sara Japenga, Project coordinator, Tel: +31 20 7555 001, e-mail: sara.japenga@bidnetwork.org

Follow us on twitter: @bidnet
Like us on Facebook: facebook.com/bidnetwork

About BiD Network: www.bidnetwork.org
About Get in the Ring: www.eur.nl/ondernemerschap/get_in_the_ring/

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Tags:  access to finance  africa  entrepreneurship  get in the ring  investors  rwanda 

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Regional Integration: Towards an East African Republic

Posted By Mary Mwangi, Argidius Foundation, Thursday, February 28, 2013

The ratification of the Customs Union in 2005 and the coming into force of the Common Market Protocol in 2010 were steps in the right direction. However, the impediments to the full implementation of both lie in non-tariff barriers. East Africa's population is estimated to reach 237 million by the year 2030. This is according to the Society for International Development. East African businesses will only reap the full benefits of this market when the 5 governments prioritise full implementation of the Customs Union and the Common Market Protocol.

I came across an exposition of the progress made in implementing the Customs Union by Trade Mark East Africa. The paper also highlights the barriers to full implementation of the Customs Union and suggests some of the policy interventions that are necessary for full implementation.

http://www.trademarkea.com/wp-content/uploads/2013/02/TMEA-Policy-Paper.pdf

Tags:  Burundi  Common Market  Customs Union  East Africa  Kenya  Regional Integration  Rwanda  Tanzania  Uganda 

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