GroFin Entrepreneur Guide - Management Accounting

The GroFin guide for entrepreneurs: Management Accounting

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

Agribusiness GroFin Africa

Why African agribusinesses needs impact investments

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

Sello Malatji - CEO of Rothe Plantscapers wins award while making local impact

GroFin SA client Rothe Plantscapers wins Regional Productivity Award while making local impact

“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

GroFin Women Entrepreneurs - 2016-17 Vital Voices Grow Fellowship Program

GroFin’s VV Grow winners laud Fellowship for clear business benefits

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

Zambian Entrepreneur of Bestlay Country Egg and a GroFin Zambia Client

Bestlay Country Egg set for successful hatch in Zambia’s Poultry Industry

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

GroFin Impact Investing in African Healthcare

Impact investing to give African healthcare a shot in the arm

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

GroFin Guide - Working Capital Management

The GroFin guide for entrepreneurs: Working Capital Management

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

Smyle Ice Cream Lagos Nigeria

Smyle Ice Cream: Lagos entrepreneur aims for top ice cream brand in Nigeria

Chris Gozie Ijeh, Lagos entrepreneur and Managing Director of FCI Smyle International, approached GroFin Nigeria in 2015 for finance and support of his business expansion project. Given his company’s brand reputation for quality and indigenous manufacturing and supporting extensive employment, GroFin did not hesitate to support his company with a sizeable loan. An Entrepreneur from

Educating Africa through Edupreneurs

Educating Africa: Lessons from Edupreneurs

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

Oman’s Five Ocean Fisheries makes local impact while exporting 70-80% of catch

“With more than 18 years’ experience in the fisheries sector, we knew Dawood had it in him to make it big. With the right finance and strategic assistance on business and financial planning, we set Five Oceans on the path to success,” says Sami Al Hassan, Investment Executive, GroFin, manager of the Nomou Oman Fund.

How impact investing can solve Africa’s trickle-down woes

With the experience of major African economies showing that the benefits of growth at the top are not trickling down to the poor, it is time for innovative economic alternatives such as impact investing to show the way forward for inclusive growth. Trickle-down has no effect There was a time when ‘trickle down’ was the

Nomou Oman client builds on Startup Success – Arabia Global Resources LLC

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

Continued Growth for Nomou Oman Client – Al Duqm Crushers

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,

How African entrepreneurs are wooing Chinese consumers

Africa’s trade with China is set to expand, as the continent’s entrepreneurs are increasingly exploring ties with the Mainland that go far beyond mineral mining and resource exploration. Africa-China trade has rapidly intensified since the late 1990s. In 2013, China became Sub Saharan Africa’s (SSA’s) largest export and development partner. This relationship has only grown

Supporting Small Growing Businesses across Africa and Middle East

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

How a Kenyan pastry chef grew his dream small business deli by 250%

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

Africa needs financial inclusion with impact

Impact Investments could guide the way for financial inclusion in Africa, as the right balance of profit-based investments and a developmental mind-set is key to bridge the gap between the haves and the have-nots in the fast growing continent. Globally, Africa lags behind other developing regions in financial inclusion with only 23% of adults holding

School for tomorrow: National Private School, Oman

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