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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.

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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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New report - 'Training Talent: Best practice in workplace learning & management development in Africa'

Posted By Rebecca Harrison, African Management Initiative, Tuesday, September 6, 2016

Effective managers and entrepreneurs hold the key to Africa’s prosperity. Yet organisations cite a talent gap, and traditional training models seem to be broken. Africa needs a fresh approach to help millions of managers, entrepreneurs and professionals build the skills needed to drive their organisations – and the continent - forward.  

This new report by the African Management Initiative (AMI) draws on fresh data on Africa’s critical talent gap and presents new insights on how to address it through workplace learning and development. We list eight key findings about what is needed, and about what effective workplace learning looks like in an African context, with a particular focus on SGBs. 

This report is a must-read for senior leaders in African organisations who want to address the talent gap in their own organisations. It is also invaluable for impact investors ad intermediaries who want to build talent in portfolio companies, donors interested in workforce development, banks and investors looking to strengthen small business clients, university leaders that want to equip graduates for jobs and anyone with an interest in developing Africa’s next generation of entrepreneurs, managers and professionals. 

Our findings include insights on where demand for training is most urgent - what kinds of organisations most need to prioritise talent development, and what level in the organisation is most vulnerable? We look at what kind of skills are needed most – the results are sometimes surprising. 

We also look at what works, drawing on international best practice and our own experience developing talent in African organisations. We argue that to translate training into improved performance, organisations must look beyond individual skill-building to the embedding of organisational habits. We push beyond traditional training approaches such as courses and workshops to explore experiential learning, on-the-job feedback and accountability. We look at how technology can enable sophisticated personalised learning at vastly reduced cost. Finally we present our own preferred ‘blended learning’ solution and share data that illustrates how effective workplace learning programmes can deliver real results.

Download the full report here. Get in touch with Rebecca Harrison at rebecca@africanmanagers.org for more information about AMI or the report, and look our for us at the ANDE annual conference!

 

Tags:  east africa  South Africa  talent  Training & Events  West Africa 

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Connect talents with social ventures

Posted By Tom Kagerer, LGT Impact, Saturday, August 8, 2015

Dear ANDE members,

I am reaching out to ask for your kind support to spread the word widely.

Last week, LGT Venture Philanthropy opened applications for the ICats Fellowship Program 2016. In this program, we seek professionals with minimum 2 years of work experience who are keen to work on-site with award winning social entrepreneurs (e.g. Skoll Award for Social Entrepreneurship) from our global portfolio, for 11-months starting January 2016.

Application deadline is 31st of August 2015.

I have attached a factsheet which you could forward to your network. Or spread the word through your social media channels using the following snippets:

Twitter: Professionals eager to create social impact?Apply now to @LGTVP ICats bit.ly/1MzCmnT and work with award winning #socent #fellowship

Facebook/LinkedIn: For professionals who are eager to create social impact - call for applications for the LGT Venture Philanthropy ICats Fellowship 2016. ICats have the opportunity to work with LGT VP and its award winning portfolio organizations (www.skollfoundation.org/skoll-foundation-announces-2015-skoll-awards-for-social-entrepreneurship). #socent Apply now: lgtvp.com/fellowship

Your support is highly appreciated.

Tom

Download File (PDF)

Tags:  capacity development  China  East Africa  fellowship  Human Capital  India  Latin America  Social Entrepreneurship  South Africa  Southeast Asia  talent 

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IDEO.org and DFID's Zero to Five Challenge Now Open for Submissions

Posted By IDEO.org, Tuesday, October 28, 2014

Zero to Five Challenge from IDEO.org on Vimeo.

IDEO.org has recently teamed up with DFID to launch a new innovation challenge focused on helping children thrive in their first five years. From WASH, to education, to nutrition, to health, to psychosocial development, we’re looking for solutions from across sectors to help parents better support their children’s physical and cognitive development.


Submissions for the challenge are open now through the end of November. Here’s how it works:

1. Organizations submit their ideas in a few sentences at OpenIDEO.com—based on existing work or new projects they’d like to initiate—and use feedback and input from the OpenIDEO community to refine them.

2. The most innovative ideas get shortlisted and are asked to provide more details about their submission.

3. At the end of the challenge we will award up to $500,000 in funding and design support from IDEO.org designers to bring a handful of the best ideas to life.


To join the challenge, any individual or organization can create a profile on OpenIDEO.com and then click Add Your Idea. Organizations who would like some extra help getting started can also email amplify@ideo.org for support.

Tags:  Africa  Entrepreneurship  innovation  Middle-EastWomen  South Africa 

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