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
“We have a great story to tell and I impress on all of us to continue writing this great STORY!” Sello Malatji, CEO – Rothe Plantscapers. GroFin South Africa investee Rothe Plantscapers has won gold in the Productivity SA Gauteng Regional Awards. As a regional winner, our client was automatically entered as a finalist for the National Productivity
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
Bestlay Country Egg was incorporated in Lusaka, Zambia on May 2016 by key Zambian entrepreneur Mr. Patrick Bobo. Following which, he approached GroFin Zambia for finance and support for his start-up agri-processing poultry business. Patrick has worked for 21 years as an accountant, audit senior, chief internal auditor, chief accountant and operations manager for various
With legacy diseases and shortage of healthcare workers keeping African life expectancy far below the global average, impact investing can give the African healthcare sector a much needed shot in the arm. African health needs care When it comes to health, the African population definitely deserves greater care. Africa is the only region in the world
To talk of financial management and not touch upon working capital management is not possible. This GroFin business support guide provides an overview on working capital management to help entrepreneurs understand the importance of working capital for building a sound financial future for the organisation. Download the complete and detailed GroFin PDF guide on Working
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
Set up in 2011, Arabia Global Resources LLC (AGR) started its laterite ore mining operations in May 2013. The quarry is located 40km outside the town of Ibra, 201km from Muscat. Laterite is mostly sold from the quarry to Emirati and Omani cement companies. Local Omani entrepreneurs Shaikh Faisal Al-Junaiby and Mr Ali Al Saadi
Al Duqm Crushers, a Dolomite mining concern based in Oman and a Nomou Oman client, was started with the intent of supplying Dolomite to overseas markets in Dubai, Abu Dhabi, Qatar and India. The company specialises in the extraction and manufacture of the highest quality quarry materials – predominantly for export to the steel-manufacturing industry,
A proven SME financier, GroFin supports small growing businesses (SGBs) through need-based finance and value-adding business support. At GroFin, we understand that the absence of appropriate finance to support SMEs is a major growth constraint for small growing businesses (SGBs), and we acknowledge with equal importance, the inability of SGBs to achieve sufficient scale to
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
Started in 1982, the National Private School (NPS) is one of the best private schools in Muscat, in a competitive market where private schooling is in high demand. A majority of new generation Omani parents tend to send their children to private school because of the flexibility provided in choice of curriculum as well as
It is often seen that entrepreneurs overlook human resource planning, or simply stated, people planning, in the early stages of their business. However, people planning is an integral part of business strategy