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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

 Attached Files:

Tags:  A Access to Finance  Access to Finance  Africa  Agribusiness  Agriculture  ANDE Members  ANTHOS  Base of the Pyramid  Business  Business Models  Calvert Impact Capital  capacity development  CDC  DFID  DGGF  East Africa  education  energy  entrepreneurship  finance  FINFUND  FMO  gender  Global. Development  IFC  impact  impact assessment  impact evaluation  impact investing  impact investing; gender lens investing; gender; w  impact investment  impact management  impact measurement  International Finance Corporation  Investors  Mastercard Foundation  MENA  missing middle  Open Society Foundations - Soros Economic Developm  Philanthropy; impact investing  Scale  SDGs  SGB  SGBs  SGBs; accelerators; East Africa  SGBs; small and growing businesses impact investin  SGBs; West Africa; Senegal; Africa; MENA; Entrepre  Shell Foundation  Skoll  small and growing agrobusiness  small and growing businesses impact investing  smes  social impact  Soros Economic Development Fund  South Africa  supply chain  sustainability  sustainable development  Tanzania  Triple Jump  Uganda  USAID  West Africa  Women  World Bank Group  Youth 

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Food for Thought - Made in Africa for Africa

Posted By Irmgard Jansen, BoP Innovation Center, Tuesday, September 22, 2015

On the 27th of October 2SCALE organizes the ‘Food for Thought: Made in Africa, for Africa!’ conference in the New World Campus in The Hague, to get a better understanding of what makes African agri-business tick and what makes partnerships succeed. We invited CEOs of seven African companies to share their experience with us; from the start of their business venture
to their growth and success of today, and the challenges they faced along the way. What does it take for an African farmer or entrepreneur to contribute to food security and better livelihoods? And how can African and Dutch entrepreneurs build strong partnerships to develop the agricultural sector in Africa? We have also invited agri and food experts who will comment on why some businesses succeed while others fail.

African economies are rising, and so are their agri-food industries. Still, access to food remains a challenge for most consumer segments. Greater market participation by small-scale local entrepreneurs will boost food security and agriculture-based trade in Africa. Market expansion will also give farmers the incentive to invest in productivity enhancing technologies. 2SCALE builds
partnerships for agri-business and helps to create new businesses and expand existing ones. From the smallholder farmer producing tomatoes for the local market to the young ambitious entrepreneur or the Dutch company looking for local partners to strengthen their position. Generally, farming is not being perceived of as professional business, whereas programs like 2SCALE reveal that farming can be (and should be seen as) serious business that contributes to food security.

2SCALE covers 9 countries (Benin, Ethiopia, Ghana, Kenya, Mali, Mozambique, Nigeria, South Sudan and Uganda) and a number of product groups that can make a difference – bringing prosperity to small-scale farmers, emerging enterprises and Base of the Pyramid consumers. This implies for example the inclusion of women and the younger generations, and the empowerment of
smallholder farmers. Furthermore, 2SCALE creates networks that provide market opportunities, technologies, training, business support, credit and insurance - all the elements needed for profitable, sustainable business. Halfway through the five-year project the impact is clearly visible:

  • 50 well-established public-private partnerships are active and created new businesses and business activities
  • More than 1,600 companies are buying produce from, selling agricultural inputs to, or providing services to small scale farmers;
  • More than 265,000 smallholder farmers have improved crop yields, income and family nutrition. Over 30% of these farmers are women;
  • 24 pilot programs are now operational, increasing access to low cost nutritious food for BoP consumers; and
  • 20 learning and coaching programs for local-level networking and capacity strengthening are being implemented.  

Contact: To learn more about the conference, please check the 2SCALE website ( or contact Irmgard Jansen ( or +31 (0) 30 2305 915).

2SCALE was launched in 2012 and is an initiative of the International Fertilizer Development Center, the International Centre for development oriented Research in Agriculture and BoP Innovation Center. The project is funded by the Dutch Ministry of Foreign Affairs.

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Tags:  Access to Finance  africa  Agriculture  Business  East Africa  Entrepreneurship  entrepreneurship ecosystems  gender  impact investment  Scale  West Africa  Women  Youth 

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Economic Inclusion: Leveraging Markets and Entrepreneurship to Extend Opportunity

Posted By Teodora Mihaylova, Center for International Private Enterprise, Wednesday, June 10, 2015

Burgeoning youth populations across the developing world emphasize the importance of achieving sustainable economic growth and providing widespread employment opportunities. Economic inclusion refers to equality of opportunity for all members of society to participate in the economic life of their country as employers, entrepreneurs, consumers and citizens. The private sector is a central partner in fostering economic growth. The Center for International Private Enterprise (CIPE) latest Feature Service article outlines strategies to build a more inclusive entrepreneurial ecosystem by engaging traditionally under-represented groups in economic and political life. The article focuses on approaches to promote entrepreneurship opportunities among women and youth as well as informal sector operators. The Feature Service illustrates successful approaches employed in CIPE projects around the world. Click here to read the latest iteration of Feature Service.

 Attached Files:

Tags:  ANDE Members  Entrepreneurship  entrepreneurship ecosystems  sustainable development  Women  Youth 

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RegCharles Finance and Capital partners with Dealdey Ltd on Inclusive Business

Posted By Fortune Odjugo, RegCharles Finance and Capital Ltd, Friday, February 21, 2014

RegCharles Finance and Capital and the RegCharles Foundation have partnered with Dealdey Ltd,  an online retailer company offering deals on product and services to the general public through a dedicated online shopping portal at, on a 1 year Inclusive Business Programme to introduce small retail micro-entrepreneurs into its value chain.

RegCharles Foundation, is the not-for-profit arm of the RegCharles Group, which focuses on youth and female empowerment through entrepreneurship as well as supports capacity building and providing access to finance for indigent and marginalized youth and female entrepreneurs. This synergy is aimed at reducing unemployment by creating a platform where dealdey’s products, ranging from clothing, fashion accessories, home accessories, baby items etc are sold in bulk at over 50% discount to aspiring and existing micro-entrepreneurs. Dealdey is very interested in merchant sales to these entrepreneurs thereby reducing its inventory and constantly ensuring that it supplies up to date merchandise. To this end it has become imperative to create this business to business platform, which focuses primarily on selling the goods in bulk to another retailer at such huge discount.

RegCharles Foundation and Dealdey both share a similar passion for reducing unemployment and poverty alleviation, and this partnership aims to impact the lives of over 300 women and youths in 2014.  RegCharles Foundation is poised to provide capacity building and entrepreneurship trainings for the beneficiaries of the Initiative to sharpen their entrepreneurship skills. Eventually, they will have to opportunity to access small loans from RegCharles Foundation’s sister company, RegCharles Finance and Capital Ltd, to take advantage of the huge discounts offered by, which they will resell at regular prices and make significant profit. This way, a total entrepreneur is built and the challenges surrounding capacity, access to finance and access to affordable supply of products are adequately addressed. RegCharles Foundation will also provide business support services to these entrepreneurs where needed.

The Initiative will kick off with a pilot phase that will impact 10 micro-entrepreneurs who presently have small retail businesses relating to fashion, accessories, baby items, home accessories etc.  Before disbursement of funds, successful participants will partake in an intensive Business Management Training for small and growing businesses. Presently, a call for application has been opened for these individuals to indicate interest in becoming beneficiaries and go through a screening process. Forms can be obtained from the RegCharles Foundation at N500 ($5) only.  

We are also looking to involve various governmental bodies, individuals and corporate organizations who share our passion for youth and female empowerment in through entrepreneurship to enable us scale this programme and reach more people. We will work together to provide a platform for these aspiring entrepreneurs to launch their business dreams and aspirations, as well as influence their personal transformation through further capacity development programs, and financial literacy. Also these entrepreneurs will be provided with the relevant business incubation and support to propel them into becoming more sustainable businesses thereby contributing to national development through entrepreneurship and poverty alleviation. 

Tags:  entrepreneurship  partnership  Youth 

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RegCharles Finance and Capital Ltd partners with the Lagos State Education District 3 on Entrepreneurship and Personal Finance Management Education in Lagos Public Schools

Posted By Fortune Odjugo, RegCharles Finance and Capital Ltd, Wednesday, August 7, 2013
Updated: Wednesday, August 7, 2013

Entrepreneurship and personal finance education has become vital in the Nigerian school curriculum today.

This is necessary in order to address the problem of unemployment, youth restiveness, poor finance management abilities, and poverty plaguing Nigeria in recent times.

 RegCharles Finance and Capital Limited believes that the acquisition of skills, knowledge, and attitude, as well as the cultivation of human talent and their creative/imaginative potentials is indeed the fundamental aim of education and here entrepreneurship and personal finance education addresses such issues.

In our quest to promote entrepreneurship and personal finance education among teenagers and youths in Nigeria, RegCharles is proud to introduce her GEN-Y Entrepreneurship Programme in Public Secondary Schools in Lagos State, Nigeria.

The aim of this programme include:

  • To provide entrepreneurship trainings to students in public secondary schools.
  • To identify students with business ideas and provide them with the necessary support and funding to develop their ideas into sustainable businesses.
  • To encourage secondary school students to think more about becoming entrepreneurs rather than seek white-collar jobs.
  • To help students develop the outstanding qualities that make an effective leader.
  • To teach students the basic  principles of financial management, thereby giving them the necessary skills and knowledge to manage their personal and business finances adequately.
  • Fostering teamwork among students, cascading into their future career and entrepreneurship endeavours.

In launch of this programme, RegCharles, supported by the Lagos State Education District 3 announces her presence at the up-coming summer school coaching to introduce her structured entrepreneurship and personal finance management programme to Nigerian students. This is to help them begin to discover and cultivate their entrepreneurial capabilities.

This summer school coaching, taking place at four zonal centers of Eti-Osa, Lagos Island, Epe, and Ibeju Lekki would also witness the presence of many organizations whom we anticipate meeting and working with to better the lives of our youths, and encourage entrepreneurship on a large scale.

RegCharles Finance and Capital Limited (formerly Alex Finance and Trusts Limited) is a non-banking Financial Institution licensed by the Central Bank of Nigeria to provide lnvestment Management, Credit, Financial and Business Advisory services, as well as Debt and Equity solutions for SMEs in various sectors of our economy. At RegCharles Finance and Capital Limited (, we focus on financing and empowering Small and Medium Scale Enterprises in various sectors of the Nigerian economy.

We provide tailored financial solutions and advisory services via our array of products and services. Our target is to:·        

  •  Provide capacity building·         
  • Encourage  entrepreneurship·         
  • Inculcate savings culture·      
  • Reduce and alleviate poverty·         
  • Enhance female entrepreneurship and financial  freedom.

We also have expertise in carrying out:·         

  • Entrepreneurship trainings and Capacity Development programs for SMES signed up to our micro-equity scheme.
  •  Restructuring processes for SMEs·        
  • Venture incubation for newly established/startup businesses·  
  •  Mentorship and Networking programs for entrepreneurs·         
  • Youth and women empowerment programmes.
  • We look forward to playing our role, and also all possible partnerships aimed at drastically reducing the recurring problem of unemployment, youth restiveness, poor finance management, and poverty in Nigeria.

Partnership and sponsorship opportunities are available.

Tags:  education  entrepreneurship  youth 

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EO Seeking Corporate Mentors for Student Business Owners

Posted By Entrepreneurs' Organization, Friday, July 12, 2013
Updated: Friday, July 12, 2013

Alexandria, Virginia, USA (29 May 2013) – The Entrepreneurs' Organization (EO) today announced the expansion of its mentorship program to include student entrepreneurs who demonstrate excellence by reaching the finals of the EO Global Student Entrepreneur Awards (GSEA) competition. Thirty finalists in the 2013 EO GSEA competition will be enrolled in the mentoring program which, as part of the expansion, seeks to match corporate skills-based volunteers from global organizations with local students who run scalable businesses. EO is partnering with the online mentoring platform MicroMentor to help match the student entrepreneurs with mentors. ( EO is also expanding the pool of mentors available to the GSEA students and public through a corporate outreach campaign. The program expansion is partially funded by the Aspen Network of Development Entrepreneurs (ANDE).

EO has been building the world's most influential community of entrepreneurs for more than 25 years, and is committed to recognizing and rewarding the emerging student entrepreneurs who are bringing innovation, enthusiasm, and drive to the world economy. EO is enhancing that commitment with mentorship, which is a key component to supporting emerging entrepreneurs. A recent Ernst & Young survey, Nature or Nurture, cited mentorships as the second most important source of learning (at 26%, just below higher education at 30%) among the factors which provide entrepreneurs with the skills needed to build successful businesses.

"The expansion of the popular and proven EO Mentorship program to include these students from around the world will greatly impact the success of the finalists for at least a year after the competition. We are reaching beyond our own membership to add outside corporate industry experts who have experience that will inspire and guide these future business leaders,” said Dan Heuertz, EO's Emerging Committee Chair, President and CEO of F & B Partners, and EO Chicago member. "We identified the growing trend of volunteerism in the corporate environment, and aligned it with an opportunity to engage experienced corporate leaders who offer a wealth of knowledge in mentorships. With this program expansion, EO is offering a value-added program to CSR managers, which provides a triple bottom line of benefits: to the company, the employee, and the student mentee.”

Incoming EO Global Board Chair Rosemary Tan, Owner of real estate development company Palam Mesra Sdn Bhd and EO Malaysia member, notes that the expansion of the program fits the EO 2013 call to action of Engage the World. "As successful business leaders, EO members are eager to give back to their communities and to support the next generation of entrepreneurs. One of the most valuable ways we can do this is to share our experience. Mentorship is a high-impact method for increasing business success.”

Randall Kempner, Executive Director of ANDE, stated that "the expansion of the EO mentoring program will build capacity for the SGB sector in emerging markets, by recruiting mentors from internationally-based companies which have employees who can interact locally with the students. EO's global presence and relationships with stakeholders, and the combined expertise on mentorship with the program partner MicroMentor, were major factors in the decision by the capacity development fund grant committee to support the project.”

The ideal criteria for selection of prospective mentoring volunteers is based on experience founding or co-founding a business, or having C-level experience in a company with revenues of more than US$1 million per year. ( )

The partners are also recruiting skills-based mentors with experience in functional business areas who can help mentees with specific issues, including but not limited to: Accounting and Finance; Human Resources; Financial Resources; Strategy; Marketing; PR and Communications; Social Media; and Technology. Prospective mentor matches for the GSEA finalists will be selected based on the competition finalist pool, and will receive customized training.

For more information on mentoring a high-potential student entrepreneur, please visit, email, or call +1.703.519.6700.

Media Contact: Ryan Meyer, Entrepreneurs' Organization, +1.703.519.6700,

About the Entrepreneurs' Organization (EO)
The Entrepreneurs' Organization (EO) is a dynamic global network of more than 8,700 business owners in 35 countries. EO is the catalyst that enables entrepreneurs to learn and grow from each other, leading to greater business success and an enriched personal life. Membership in one of EO's 124 chapters is by invitation only; the average member is 41 years old whose companies average annual revenues of US $18.3 million. For more information on EO visit or call +1.703.519.6700.

About the EO Global Student Entrepreneur Awards (GSEA)
As the premier global competition for high school, undergraduate and graduate students, the EO Global Student Entrepreneur Awards (GSEA) annually represents over 1,700 student entrepreneurs from over 20 countries. Built on a mission to inspire students to start and grow entrepreneurial ventures, EO GSEA brings global visibility to pioneering student business owners, and offers access to a global network of mentors, resources and connections from the most influential community of entrepreneurs in the world. To nominate a student entrepreneur or to get involved, go to

About MicroMentor
EO is piloting the GSEA Mentoring capacity development program with the technical support of MicroMentor, a Social Innovation project of Mercy Corps. For 33 years, the Mercy Corps worldwide team of 3,700 professionals has worked to improve the lives of 14.5 million people in more than 42 countries. MicroMentor is an innovative mentoring platform that connects small and growing business entrepreneurs with mentors. For more information on MicroMentor visit or call +1.503.896.5000.

About the Aspen Network of Development Entrepreneurs (ANDE)
EO is a member of this non-profit global network of 175+ organizations which work to propel entrepreneurship in the developing world. ANDE is a member-driven organization housed within the Aspen Institute, an international non-profit that promotes enlightened leadership. The network's members provide financing and business support services to small and growing businesses (SGBs) that create economic, environmental, and social impacts in developing countries. For more information on ANDE visit or call +1.202.736.2298.

Tags:  Corporate Responsibility  mentoring  Youth 

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Guardian Newspaper Interview with Peter Damian Mbama

Posted By Oluwatosin Kukoyi, RegCharles Finance and Capital Ltd, Friday, April 19, 2013
Hello all, 
Please find below the link to an interview conducted by Guardian Newspaper with Peter Damian Mbama (MD/CEO, RegCharles Finance and Capital Ltd) on the Control of Inflation and Determination of MPR.
Happy Reading!

Tags:  accelerators  Access to Finance  Africa  Agriculture  ANDE Members  early stage ecosystem  East Africa  Entrepreneurship  Environment  Financial Times  Grants Rockefeller  impact investing  inclusive business  Incubation  Philanthropy  Philanthropy; impact investing  SGBs; Environment; accelerators; energy  Social entrepreneurship  supply chain  sustainability  Women  Youth 

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A STRYDE Forward for Youth: Creating opportunities in rural East Africa By Simon Winter

Posted By Stella Hanly, Aspen Institute, Monday, March 11, 2013

ANDE Executive Committee member, Simon Winter from Technoserve, discusses Youth Entrepreneurship in rural East Africa. Read the full blog here

Tags:  East Africa  Technoserve  Youth 

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