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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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We are measuring impact BEYOND sustainability. What about you?

Posted By Cecilia Latapí, SVX México, Friday, April 27, 2018
Hello!
 
We want to invite you to join a collaborative effort to define what REGENERATIVE - going beyond sustainability - means in our daily practice and to design the metrics for measuring it. Our aim is to collect as many opinions as possible from regenerative practitioners and others with different perspectives, taking into account as many voices as possible before ReGen18 in early May 2018.
 
In the words of Kevin Jones, co-convenor of ReGen18 and co-founder of SOCAP: "the challenge for regenerative metrics is that we have to find a way for them to add value, instead of being seen as a cost." 
 
The intention of this undertaking is a collaboratively-designed, co-created regenerative tool to provide organizations the capacity to determine the positive and negative impacts of their practices while establishing some common ground on what regeneration means, its sector-specific metrics, and guidance on best practices for generating Regenerative outcomes. 
 
As a first step, we invite you to participate in the following survey: https://goo.gl/forms/Q7tZMLp5fIKRSOIu1 
 
The results of this survey will be made available to all participants and presented during ReGen18 for further discussion and exploration. After the event, we will keep working on the project on a shared platform, aiming to develop our regenerative tool with your participation (the resulting tool will be placed in the public domain under a Creative Commons license).
 
If you are doing something similar, working on ideas that could contribute or are interested in co-creating in this exciting new field of endeavor, we want to hear from you!
 
Thanks for co-creating with us.  We look forward to your contributions.
 
 
- Holly Dublin, Kevin Jones, Cecilia Latapi, Laura Ortiz Montemayor, Shaun Paul @ ReGen18

Tags:  Environment  impact assessment  impact investing  impact investing; gender lens investing; gender; w  Performance Measurement  Private sector development  Risk; Risk Assessment; ANDE Members  study  Survey  sustainability  sustainable development  sustainable energy 

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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

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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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Partnerships to impact low-income markets in Kenya and East Africa

Posted By Chandrakant Komaragiri, Ennovent, Friday, June 3, 2016
Updated: Friday, June 3, 2016

Ennovent is seeking partners who work in sectors including Education, Healthcare, Agri-business, Finance, WASH,  Energy and others, who are interested in collaborating on business opportunities in Kenya. Partners can be individuals and organisations including consultants, development agencies, foundations, investors and corporations.


Benefits for partners will include the opportunity to collaborate with a diversified network, develop and implement innovation projects to address business opportunities, and build on knowledge and expertise on pertinent issues.


If you are interested in partnering with Ennovent, please fill out this short form, and we will be in touch with you.


We would also like to request you to share this exciting partnership opportunity widely in your network and help in making a sustainable impact in Kenya together.

Tags:  Africa  Agriculture  Base of the Pyramid  Creating Shared Value  East Africa  entrepreneurship ecosystems  inclusive innovation  Kenya  Private sector development  social innovation  sustainability  sustainable development 

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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.

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Tags:  ANDE Members  Entrepreneurship  entrepreneurship ecosystems  sustainable development  Women  Youth 

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Are small businesses being overlooked in the fight against poverty?

Posted By Stephanie Buck, Aspen Institute, Thursday, May 7, 2015

 

 

"When the dust settles on the sustainable development goals, and the world knows exactly what targets will determine climate and development policy for the next 15 years, the hard work of actually implementing them will be left to individual governments.

As a result, there has been a lot of talk about how local governments can use the SDGs, but when contexts vary significantly from one country to the other, and even within countries, the idea of “localising” the SDGs can seem daunting."

In an article in the Guardian, ANDE's Executive Director, Randall Kempner, weighs in on the sustainable development goals, and how supporting local entrepreneurs can lead to lasting gains now, and in the future. 

 

Tags:  Entrepreneurship  news  sustainable development 

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