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.
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