On August 29, 2014, GroFin CEO Jurie Willemse announced the successful 1st closing of the GroFin SGB Fund. The new SGB fund aims to continue GroFin’s legacy of backing small and growing businesses [SGBs] , while integrating lessons learned over the past decade of operations. The SGB fund is supported by anchor investors Shell Foundation and
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.
In a world where more companies fail than flourish, there seems to be little consensus on the key success factors. Even companies with thrilling ideas, Ivy League-educated leadership and rounds of venture capital funding have crashed and burned. While experience is the best teacher, even experienced entrepreneurs still have less than a 50% chance of
By Sabre Collier-
Aspire aims to invest in 200 small and growing businesses in the Niger Delta, while delivering invaluable business counsel to many more. These investments aim to create over 2,400 sustainable jobs by 2018. Moreover, they will improve an estimated 14,000 livelihoods, bit by bit expanding possibilities for prosperity and stability in the Niger Delta.
From Solwezi Today GroFin’s business development support helps clients to grow their business management skills set and deepen their insight into market and industry, to improve operational efficiencies and achieve best practice. GROFIN Zambia has opened its doors in the country as an innovative development financier poised to add a new dimension to small-scale business people
By Samuel Suraphel and Lane Cooper
For small and growing businesses that may not have existing processes around key business functions and operations, the adoption of cloud and mobility solutions may create structures to formalize and improve informal business practices. In so doing, the groundwork is laid for achieving growth objectives.
Published in The Entrepreneur Aug-Sep 2014 One of the biggest challenges that small and medium-sized businesses face is the inability to exploit investment opportunities immediately they present themselves. This is due to a number of factors that are prevalent in the business space. The key issue however. Is that entrepreneurs should always be ready for
In analyzing GroFin’s portfolio and others operating in a similar space, it’s become clear that we as investors are becoming more cognizant of emerging trends. Recently, there has been an almost palpable shift away from a gender-specific silo towards a more holistic vision of empowering women as investees, employees, consumers, suppliers and beyond.
Elisante, who has been with GroFin for the past four years, said “It was exciting to meet female entrepreneurs from across Africa who were articulate and to the point in explaining investment opportunities and how they would want to realize their dreams. They indeed appreciated GroFin’s integrated approach, specifically when it came to pre-finance support and business support post investment.”
Although over 90% of Rwanda’s population is covered by public health insurance, specialized services can be extremely scarce. Dr. Sowaf Ubarijoro experienced the consequences of this gap in Rwanda’s health care system on a daily basis. He decided to start Ubizima Polyclinic in 2011 to make a personal contribution towards improving the quality of health care in his community.
In South Africa, GroFin is helping to create a more equitable South Africa by promoting local entrepreneurs, local suppliers and local jobs. Although the country is now classified as an upper middle-income country, it remains the third most inequitable country in the world. One factor is that economic opportunities are not well-distributed across different demographic groups.
Walter Ogwal will assume the role of GroFin East Africa Regional Investment Director in October 2014.The former senior banker has a passion for growth finance and a track record in assisting entrepreneurs of small and growing businesses to navigate the myriad of challenges speaks for itself. GroFin looks forward to his continued success in creating sustainable positive socioeconomic impact throughout the region.
Mr. Fredson Yamba, Secretary of the Treasury, officiated GroFin’s launch event and commended the organization for addressing the challenges of Zambian entrepreneurs. The local GroFin office in Zambia is making 2 investments that are anticipated to generate an estimated 90 jobs for Zambian nationals.
Despite being the world’s second fastest-growing region, Africa’s challenge is translating this growth into broad-based improvements in well-being. Tackling five key areas for sustainable SME development (infrastructure, regulation, capacity, finance and business linkages) together with targeted investment in high-growth sectors will put Africa on the trajectory toward booming, yet inclusive economic development.
Tomorrow, 16 September 2014 is the official launch of GroFin in Zambia. The initiative was first conceptualized in 2012 prior to the participation of CEO and founder Jurie Willemse and the GroFin Leadership Team in the Zambia International Business Advisory Council. The decision to enter Zambia was based on several strategic factors, such as its growing
With risk capital in excess of US$400 Million, GroFin provides a proven blend of financing and value-adding business support to under served entrepreneurs in the small and growing business sector. Through access to appropriate levels of business finance, advisory services such as development assistance, and opportunities for businesses to achieve sustained market linkages, we achieve
Tuesday, 16 September 2014 will mark the official launch of GroFin in Zambia. Over the past two years, GroFin initiated enquires into the local market. In 2012, they participated as a member of the resource team on the Zambia International Business Advisory Council. These early interactions with the government and local business owners inspired company
Despite the global enthusiasm for the economic potential of Africa and the Middle East, we recognize that our operating regions confront much broader social and political challenges on the ground. In particular, they have the highest unemployment rates of all emerging markets. This unemployment burden falls heaviest on the next generation; youth unemployment averages nearly
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.