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We are pleased to release the 2018 GroFin Impact Report

Posted By Shailen Neewoor, GroFin, Friday, August 16, 2019

"Famous rock musician and philanthropist Bono once remarked that impact investing is an excuse for good people doing bad deals. We would argue that GroFin is about good people doing real deals. GroFin has invested nearly $340 million in 708 small and growing businesses (SGBs) and in doing so helped them to sustain over 28,000 jobs. These deals might not hit the headlines or generate “alpha returns”, but they do deliver real impact alongside positive financial returns,” Guido Boysen, GroFin CEO.

This year we have changed the format of our annual Impact Report by adopting the Integrated Reporting guidelines. This brings GroFin in-line with global best-practice to report on how we create value by leveraging the various forms of capital at our disposal. This framework enables us to look at the business in an integrated way.

The report provides as an overview of the following:

  • GroFin’s business model and strategy
  • Our biggest accomplishments during the past year
  • The financial performance and impact generated by each of our six active Funds
  • The successes of our clients and how they are changing lives in the communities where they operate.

We are forever grateful to our clients, investors, funders, partners, and staff without whom our success and impact would not have been possible.

Visit the report website

Download the report

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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

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

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