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
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
“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.
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
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,
For decades, the World Bank has believed that the key to unlocking Africa’s prosperity lies in empowering entrepreneurs. This philosophy holds good in a world where all is equal, and all conditions hold true across all economies. But Africa is not a land that can forget its past and plunge headlong into a capitalism-fuelled future
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,