This blog post is re-published from VC4Africa, at http://vc4africa.biz/blog/2014/08/15/how-the-rise-in-corporate-venture-capital-can-close-africas-100-billion-us-dollar-finance-gap-for-smes/ If it takes a village to raise a child, then it must take an ecosystem to grow and scale thriving businesses. We place a lot of emphasis on the role of financiers, business development service providers, incubators, government and donors to grow this ecosystem in Africa.
There’s a revolution going on here in Africa. It’s not televised – but it’s transmitting across nearly a billion mobile phones across the continent. Africa has experienced the fastest growth in cell phone subscribers in the world. From the savannahs to shanty towns, the safaris to the swamps, it has become the world’s second most
Relief for many through quality medication In Nigeria, there’s less than one doctor per 1000 people. From her teens, Bukky George was determined to change the health system for the better, and studied pharmacology during a time when deaths among children due to contaminated medication was commonplace. In 1996 Bukky opened Health Plus pharmacy in
Fighting poverty, one family at a time Poverty in East Africa is severe, with the majority of people surviving on less than US$2 per day. Aspiring micro-entrepreneurs in Tanzania who want to improve their circumstances have very limited access to micro-finance. Felista Coutinho and Winnie Terry, founded Tujijenge (which means ‘let’s build ourselves’ in Swahili)
With Iraq being ranked as the 4th country in terms of death due to road accidents, defensive driving training is becoming a national priority, and it adds up to the need of most of international oil companies operating in the country, as such training is required to all the drivers that enter into the concession.
Shifting economies by making money accessible In Uganda, there is only one bank branch for every 100,000 people. Chims Enterprises MTN Mobile Money was launched in August 2009 by Norman and Fiona Mutekanga to provide a convenient, secure, and affordable way of sending and receiving money to people who were desperate be included in economic
This blog post originally appeared on Nextbillion at http://www.nextbillion.net/blogpost.aspx?blogid=3847 At GroFin, one of our impact objectives is to fulfill the need for vital goods and services for a critical mass, especially at the base of the pyramid. GroFin specializes in financing and building the small and growing businesses [SGBs] at the base of the pyramid,