While Facebook is a first step, MENA SMEs may find a whole new world as they begin to engage social media. Twitter, for example, allows for more bite-sized informational exchange and thus, is of particular interest to B2B service providers in MENA.
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
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.
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
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
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,
This blog post originally appeared on Nextbillion at http://www.nextbillion.net/blogpost.aspx?blogid=3783 Piggybacking on Jennifer Pryce’s post on the WIN-WIN Initiative and other recent women-focused blogs, I am happy to continue this stream of good news for women’s economic empowerment. For those who haven’t seen it yet, Goldman Sachs has recently announced the launch of the Women Entrepreneurs
After 10 years of serving small and growing businesses in emerging markets, we finally decided to launch a blog about it. We hope it will give our clients, stakeholders and friends a window into our work. We aim to use this as a platform for sharing ideas, insights and best practices about impact investing and