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Spread the Word: Stanford Seed is Seeking Applicants in Africa & India

Posted By Kendra Gladych, Stanford University, Tuesday, May 7, 2019
Updated: Tuesday, May 7, 2019

Stanford Seed is looking for high-potential CEOs or founders of companies and market-driven social enterprises based in Africa, India and Sri Lanka who are motivated for growth.

The Seed Transformation Program is an unconventional, high-touch learning experience that partners with entrepreneurs in emerging markets to build thriving enterprises that transform lives.

The application deadline is 15 June 2019.

Learn more about the program and access the application here.

Know someone who might be interested? Help us spread the word! Visit this online toolkit for easy ways to share the program with your network.

Tags:  Africa  Agribusiness  Agriculture  ANDE Africa  Business  digital economy  east africa  education  emerging market  emerging markets  energy  entrepreneurship  Fintech  High-Growth Entrepreneurship  India  India; ANDE members  Kenya  leadership  Liberia  professional development  Rwanda  Scale  scaling  smes  social enterprise  Social entrepreneurship  social impact  South Africa  Tanzania  Training  Uganda  West Africa  Women 

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African Management Initiative releases impact report: A scalable model that is transforming organisations and empowering thousands of small businesses

Posted By Rebecca Harrison, African Management Initiative, Thursday, June 21, 2018

Does talent development for SGBs really work? Talent has been on the SGB agenda for several years now, but the evidence base around impact, RoI, what works and why, has been thin. The African Management Initiative (AMI) has released its 2017 impact report, and for the first time, has generated data that starts to demonstrate a direct link between skills development in SGBs, and bottom-line business performance. The report demonstrates how a disruptive and scalable approach to learning has helped companies strengthen their teams and empowered thousands of small businesses, demonstrating real impact and return on investment for talent-forward SGBs. Dive into our impact data and read inspiring stories to learn more about our programmes for entrepreneurs, employees, managers and youth, and for reflections on what's working, and what can be improved.

 AMI in Numbers

The African Management Initiative is a social enterprise delivering Africa’s first scalable solution for workplace learning. AMI transforms African organizations, and empowers entrepreneurs, managers, entry-level workers and job-seekers through practical and affordable learning tools. At the end of 2017, AMI had trained almost 18,000 individuals through structured blended learning programmes in 11 African countries, including around 14,000 entrepreneurs. To date, a total of 55,000 individuals have engaged with the AMI online platform, and have downloaded over 1 million tools. In 2017, AMI expanded its portfolio, working with large intermediaries to serve thousands of entrepreneurs, while continuing to run management and leadership programmes directly with larger businesses, and organisations in health, education, and civil society.

For the first time this year, AMI generated data proving that its programmes not only help build the skills of the individual participants who take them, but also drive the business performance of organisations. This is a game changer in demonstrating how talent links with SGB performance, and in proving the RoI for developing people. AMI data showed that 92% of client leads saw improvements in management and leadership skills among their employees with 100% of clients saying business improved after they ran AMI learning programmes with their employees. Of those, 92% reported an improvement in operating efficiency and 92% reported improved customer satisfaction. As Richard Branson said, look after your staff, and your staff will look after your customers… Interestingly, investing in even just a small group of managers seemed to have a ripple effect more broadly on company culture, with 92% of clients reporting improved productivity across the whole company and 96% reporting improved engagement.

As well as running management and leadership programmes with the staff of growing and established businesses, AMI also reaches thousands of SMEs and entrepreneurs through partnerships with intermediaries – including many ANDE members. The report indicates that 100% of entrepreneurs who completed a post-programme survey saw a change in their business after engaging with AMI. Of these, 75% reported an improvement in revenue, 73% increased profit, 50% created new jobs and 35% secured debt or equity funding. All of them attributed that change at least partly to the AMI programme. To support SMEs and entrepreneurs even further, AMI has designed a new Grow Your Business programme, which aims to provide scalable business development support by giving SMEs the tools and support they need to embed good business practices into their companies. This programme is being tested rigorously through a Randomised Control Trial with a team of researchers at MIT. Watch this space for more data from this study later in the year.

 Read the full 2017 report to dig deeper into AMI’s current impact data and see what partners and clients are saying about the impact of the training programmes. 

VIEW THE FULL REPORT

 

 

Tags:  accelerators  Africa  East Africa  entrepreneurship  impact measurement  innovation  SGBs; accelerators; East Africa  Skills Gap  small and growing businesses impact investing  social entrepreneurship  sustainability  talent  Training 

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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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Bridging the Skills Gap - Successful Private Sector-Led Initiatives

Posted By Christiane Rudolph, Deutsche Investitions und Entwicklungsgesellschaft (DEG), Friday, September 30, 2016
Updated: Friday, September 30, 2016

World Bank Group and DEG Session in Washington, October 5 2016

 

Bridging the Skills Gap - Successful Private Sector-Led Initiatives

The World Bank Jobs Group and DEG, the German Development Finance Institution, invite to a joint session on Bridging the Skills Gap. The cases discussed in the session are part of the study “Bridging the skills gaps in developing countries: A practical guide for private sector companies, published by DEG. The study provides companies with a tool to pursue meaningful developmental and business activities to close skills gaps. The practical relevance of the study is supported by a three-step approach based on theory, practical examples, and field testing.

Date: Wednesday, October 5 2016

Time: 3:00 - 4:30 PM

Location: Washington, DC. World Bank, Room C2-131, MC Building,1818 H St NW, Washington, DC 20433

 

Background on joint session

More than 200 million people are looking for jobs globally. Simultaneously, companies are facing difficulties filling vacant positions or finding suitably skilled staff. These skills gaps – the difference between the skills needed for a job and the capabilities of the workforce – not only represent a major constraint for businesses, but also for social and economic development.

The joint session will focus on:

-       Demonstrating the economic benefits of addressing the workforce skills gaps via the private sector;

-       Raising awareness of skills related challenges amongst businesses, governments, and non-governmental organizations (NGOs); and

-       Promoting partnerships between governments, the private sector, and NGOs to support private sector-led initiatives that bridge skill gaps

The session will be moderated by Michal J Rutkowski, Senior Director, Social Protection and Labor and Jobs, The World Bank Group, welcome remarks by Ursula Mueller, German Executive Director, The World Bank Group.

Discussants for the panel discussion in the session are:

-       Harry Anthony Patrinos, Manager, Education, The World Bank Group

-       Bruno Wenn, CEO, Deutsche Investitions- und Entwicklungsgesellschaft (DEG) - Germany’s Development Finance Institution (DFI)

-       Md. Abdul Jabbar, CEO, DBL Group, Textile and Apparel Manufacturer, Bangladesh

-       Michael J. Handel, Associate Professor of Sociology, Northeastern University and Research Fellow, United States Bureau of Statistics

 

Background: DEG Study: Bridging the skills gaps in developing countries

The study “Bridging the skills gaps in developing countries: A practical guide for private sector companies, published by Let’s Work Partner, DEG, evaluates how private entrepreneurs can close the skills gaps via targeted measures implemented within the workforce, suppliers, and local communities. In cooperation with the Boston Consulting Group, the study was produced as a contribution of the Association of European Development Finance Institutions within the global Let’s Work Partnership.

The study provides companies with a tool to pursue meaningful developmental and business activities to close skills gaps. The practical relevance of the study is supported by a three-step approach based on theory, practical examples, and field testing. It includes the following:

  • A user-friendly guide for practitioners consisting of six steps, including a self-analysis tool, offers companies a practical guide to recognize skills gaps and how to successfully bridge them.
  • An outline of proven examples shows companies specific and detailed ways of closing gaps on three levels – staff, suppliers, and local communities.
  • A new practical assessment method for private-sector activities that bridge skills gaps. It offers companies different data situations, which is necessary to quickly and meaningfully assess their assessment.
  • The win-win situation of private-sector activities for bridging skills gaps on three levels – employees, suppliers and local communities – is analyzed and demonstrated using selected case studies for the first time. Local people, staff, suppliers and the company will benefit from this.
  • The approaches developed – guide for practitioners, self-analysis tool, and assessment methods – were tested and optimized by conducting case studies with five customers.

 

Link to the study: https://www.deginvest.de/International-financing/DEG/Die-DEG/Was-wir-bewirken/#3

Contact | Ulrike Dangelmaier, ulrike.dangelmaier@deginvest.de

 Attached Thumbnails:

Tags:  DEG  Development  Education  Private Sector  Skills Gap  Training  World Bank Group 

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Announcing a New Impact Investing “Hard Skills” 2-Day Clinic: Financial Analysis and Modeling for Social Businesses, Projects and Impact Investing Funds

Posted By Erina McWilliam-Lopez, Center for Social Impact Learning at the Middlebury Institute of Internationa, Friday, April 8, 2016
Updated: Wednesday, May 25, 2016
What hard skills are required for a career in the impact investing? For starters, you are going to need to know the difference between debt and equity. You must be able to understand financial statements and how to create a financial model, analyses, and forecasting.

What is a social enterprise? What does “impact” really mean? The “impact space” spans across all industries. It is an exciting new approach that uses finance and business as a tool to address pressing environmental and social needs. Many purpose-driven people have worked “close to the impact” through the Peace Corps, or with a local nonprofit. However, the essential frameworks for social business design can be challenging to distinguish for those who have little or no background in basic finance.

We’ve designed a 2-day intensive clinic focused on the essential frameworks for financial analysis and modeling for social impact. The clinic is a comprehensive introduction that will break down key concepts. It has been designed as a primer to the Frontier Market Scouts (FMS) certificate training in social enterprise management and impact investing.

The clinic takes place the weekend prior to the upcoming FMS Monterey certificate training—June 4 & 5, 2016. It is ideal for incoming FMS participants as well as past alums who lack a solid background in finance. This course is also an excellent opportunity for professionals interested in gaining a foundational starting point for understanding how impact investing and social enterprise works. Check out the schedule for a break down of each day.

Workshop Fee: $450 (special pricing available for FMS participants)

To apply, submit your information here – https://fms1.typeform.com/to/x0JSWn

Course Instructor

Kim Kastorff founded both Kimpacto, Inc. and Global Success Fund, after many years in banking, investments, social responsibility & education, and understanding that social entrepreneurs & global businesses need affordable financial services, funding and greater collaboration, plus the increasing importance to demonstrate social impact. Today, there is an increasing trend for ‘Maximizing financial + social impact.’  Kimpacto further supports impact investors in connecting their personal mission with impact funds and social investment opportunities.

Kim’s goal is to promote financial inclusion and push for a more educated and financially sustainable global environment.  As a Benefit Corporation and Certified B Corporation, Kimpacto, Inc. is held to our global mission and a higher level of social, environmental, community and governance standards.
Kim is fluent in English & Spanish and brings her global finance, investment banking and Big 4 Consulting experience (U.S., Europe & Latin America) and holds an MBA in Finance, and a Masters in Research – Impact Investing and FINRA Securities Licenses (7, 63, 65).

THE CENTER FOR SOCIAL IMPACT LEARNING (CSIL) was founded at the Middlebury Institute of International Studies (MIIS) in July 2014 to proactively advance millennial engagement in the emerging fields of Social Entrepreneurship and Impact Investing through three interrelated lenses: Academic, Experiential, and Action Research.

CSIL stands out among today’s impact-driven career programs because it’s designed to serve the full spectrum of emerging social entrepreneurs—from undergraduates to graduate students to accomplished professionals, offering them both valuable learning experiences in the social enterprise field and seamless transitions from one stage of professional development to the next. With a focus on social enterprise management and impact investing, CSIL offers world-class experiential learning opportunities including a unique career launchpad program named the Ambassador Corps, and the award-winning Frontier Market Scouts fellowship and training program.  CSIL acts as a vehicle for positive impact in communities around the world by partnering with small and growing social sector businesses and responsible investment funds seeking new talent, and then matching them with globally-minded and diversely-skilled professionals.  Visit go.miis.edu/csil

Programs

TheFrontier Market Scouts Fellowship Program
An award winning two-week certificate training program and corresponding social sector fellowship opportunity for young professionals and graduate students who seek a career in social enterprise management and impact investing. Visit: go.miis.edu/fms

Research Lab
An action oriented research unit focusing on case study analyses in emerging markets and seed state social venture management, with an emphasis in utilizing impact metrics and enterprise risk. The Research Lab launched January 2015, under the direction of Dr. Yuwei Shi.

Ambassador Corps
The Ambassador Corps program connects students to the front line of social impact with unique global internship opportunities.A select group of thetop undergraduate university students from across the US are chosen to do an 8 to 10 week international summer internships. Visit: go.miis.edu/ambcorps

 


 Attached Files:
Clinic Flyer.pdf (214.94 KB)

Tags:  Access to finance  bootcamp  early stage ecosystem  emerging markets  impact investing  impact valuation  jobs  mentoring  metrics and research  professional development  social enterprise  Social entrepreneurship  social impact  training 

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