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

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

The GroFin guide for entrepreneurs: 10 steps to build a successful business around the right people

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

United Farmers & Processors, Kenya

“We approached several commercial banks but none of them would touch a start-up. GroFin funded our start-up where banks were unwilling to take the risk,” says Kamau.
With over 30 years of business success in the US, Kamau wants to revolutionise chicken rearing in his country with the sophistication and professionalism of poultry farming in advanced economies and contribute to national food security. Although various small chicken rearing businesses and a few big national poultry producers exist in the country, the poultry sector is one of the rapidly expanding sectors in Kenya and the current demand for poultry meat exceeds supply.

US$100 Million GroFin SGB Fund Launched to Support SMEs in Africa

KAMPALA, Uganda, September 24, 2015 Wednesday 23 September marked the official launch of the GroFin Small and Growing Businesses (SGB) Fund. It aims to catalyse sustainable job creation through supporting small and growing businesses in Uganda, Kenya, Tanzania, Rwanda, Ghana, Nigeria,Zambia, South Africa and Egypt. The Fund aims to support over 9,800 under-served entrepreneurs and

Participation in the Oman SME Summit by GroFin

The Oman SME Summit, themed “Reinvigorating the SME Market in Oman” this year, saw the participation of GroFin as panellist for the discussion titled “Review of Funds and programs in place for SMEs, their status and the way forward.” This initiative aims at creating awareness on the various funds and programs established to encourage entrepreneurship in Oman. The

GroFin Launches Fund to Support Growth of Small and Growing Businesses in Africa

KAMPALA, Uganda, September 14, 2015 Wednesday 23 September 2015 will mark the official launch of the GroFin Small and Growing Businesses (SGB) Fund in Africa that aims to catalyse sustainable job creation through supporting small and growing businesses in Ghana, Nigeria, Uganda, Zambia, Kenya, South Africa, Rwanda, Tanzania, and Egypt. The Fund was co-created by GroFin, a

Al-Mostaqilla for Technology & Industrial Investment

Originally from Palestine, Walid Al-Tarifi, is passionate about technology. Driven by this passion, Walid travelled to Germany, France, and Italy to acquire knowledge on optical discs and the industry. In 1996, he established his first factory, Al-Mostaqilla for Technology & Industrial Investment with the support of his brothers. Due to the political situation in Palestine,

Capital effect: impact measurement for SME investors

Over two-thirds of SMEs in emerging markets lack sufficient access to capital. Specialized SME investment funds are increasingly stepping in to fill this financing gap. By financing and nurturing SMEs, these fund managers often realize positive social and/or environmental impacts alongside a financial return. Measuring these extra-financial effects is called impact measurement. Doing so has

Welcome to the GroFin Blog!

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