Kenyan Entrepreneur Pamela Muyeshi has always had a passion for traditional and authentic Kenyan cuisine. So, it’s no surprise that Amaica Restaurant in Nairobi, would successfully grow to serve a customer base of roughly 43,000 diners per year, and triple its employment level to meet the growing demands of its customers. Since receiving GroFin finance in
Entrepreneur Irene Wanjiru Mwangi is a pioneer in the field of potato processing in Kenya. Her company, GAEA Foods Ltd., processes potatoes for the local urban market mainly consumed by fast food restaurants, main stream hotels and centralised kitchens for some universities. Consumption is highest amongst the fast food chains: that is estimated to consume
In its most basic form, management accounting allows a business to control its operations and take informed decisions in line with its performance objectives. For small and growing businesses, management accounting is a way to ensure that the business stays within its means as it grows. Indeed, management accounting is crucial for entrepreneurs as it
Investment in agriculture is key to ending hunger and poverty in Africa. Statistics by the European Commission show that, in Africa, agriculture accounts for 65% of total employment and 32% of GDP. Most importantly, agribusinesses tackle food insecurity on two fronts – stimulating increased food production on the one hand and creating wealth for smallholders
At GroFin, we not only use our resource base of over 110 in-house investment professionals to help our investee businesses become sustainable, but also leverage external expert networks to propel our women entrepreneurs to the heights of success. Last year, we introduced our women entrepreneurs to the 2016-17 Vital Voices Grow Fellowship Program, which helps
As Africa finds it increasingly challenging to educate its teeming millions, a partnership between local edupreneurs and impact investors may be key to tap the true potential of the education sector. Africa is sorely in need of a solution to its education woes. Sample these alarming statistics from UNESCO. Of the 59 million children of
As a successful small business entrepreneur in Africa, Obado Obadoh realised his vision of opening a pastry shop when he established the now popular Café Deli in Kenya. Obado’s Story Obado, who is a trained pastry chef with in-depth experience in the hospitality industry of Kenya, approached GroFin in 2011 when an opportunity to buy-out
“We approached several commercial banks but none of them would touch a start-up. GroFin funded our start-up where banks were unwilling to take the risk,” says Kamau.
With over 30 years of business success in the US, Kamau wants to revolutionise chicken rearing in his country with the sophistication and professionalism of poultry farming in advanced economies and contribute to national food security. Although various small chicken rearing businesses and a few big national poultry producers exist in the country, the poultry sector is one of the rapidly expanding sectors in Kenya and the current demand for poultry meat exceeds supply.
Published on the SEED Initiative Blog by Rishi Khubchandani GroFin Investment Executive in Kenya –
The driving force, the key success factor, of the business should be the entrepreneur. Good entrepreneurs who receive value-adding business support from a partner like GroFin are more likely to succeed under challenging conditions, we believe, and we look at entrepreneurs who demonstrate a good professional track record as well as the appropriate practical experience related to the business they are growing.