GroFin Women Entrepreneurs in Tanzania

Giving women entrepreneurs their place in the sun

Women entrepreneurs play a pivotal role in the private sector comprising micro, small and medium enterprises in Tanzania. Women owned enterprises increased from 35% in early 1990s to 54.3% in 2012, according to estimates by the International Labour Organisation (ILO). The ILO Women Entrepreneurs Survey 2014 revealed that 85% of women interviewed in Tanzania financed

Yak Fair Trade Agribusiness - GroFin-Rwanda Client

GroFin Deepens Agribusiness Reach in East Africa

After transforming Rwanda into a model for conflict-affected states, the Government of Rwanda is now focusing its reform efforts on a vital needs sector: agribusiness. What makes this sector so crucial is that over 75% of Rwanda’s workforce is concentrated in agriculture. Against this backdrop, GroFin is deepening its efforts to reach out to agribusinesses

GroFin Jordan Client - Arabella for Aluminium

As Jordanian SMEs grow, Syrian refugee livelihoods bloom

Jordan has witnessed a significant refugee influx over the last seven years. This has placed a huge strain on economic infrastructure, service delivery and employment avenues alike. Representing a population of nearly 1.3 million, the vast majority of Syrians who fled to Jordan since war broke out in their country in 2011 live outside official

GroFin Ivory Coast Client - Ecole des Spécialités Multimedia d’Abidjan (ESMA)

GroFin Ivory Coast client expands digital education reach

Ivory Coast is facing challenges in catering for a rapidly rising labour force, counting 14 million workers in 2015 and poised to rise to around 22 million by 2025. As more and more workers enter the emerging economy, the issue is not so much employment for everyone, as it is to guarantee a decent wage. Indeed,

GroFin Senegal

GroFin opens 16th office across Africa and MENA, to invest in SMEs in Senegal

GroFin, a pioneering SME development financier, has opened its office in Senegal, furthering its expansion into West Africa’s Francophone belt after Ivory Coast. With the opening of this office, Senegalese entrepreneurs can expect to benefit from the unique model of appropriate, medium-term finance and specialised, value-added business support that GroFin extends to Small and Growing

GroFin Client - Five Builders Construction - Egypt

How young Arab entrepreneurs are powering job creation

Moving away from their historical over-reliance on the public sector, Arab youth are empowering themselves by pursuing entrepreneurship avenues and these young Arab entrepreneurs are creating employment at scale The eighth United Nations Sustainable Development Goal (SDG) calls for promoting “inclusive and sustainable economic growth, employment, and decent work for all.” A new report by the

GroFin Healthcare Client - Ebony Clinic, South Africa

Ebony Clinic: Quality healthcare for South Africans with GroFin’s support

With an overwhelming majority of the population at 97.6% consisting of native South Africans, and only half the households having access to piped water, Kaalfontein in Johannesburg is a typical township that is struggling to cater for a high BoP population. While townships are economically and politically significant in South Africa, they continue to lurk

GroFin Client, Highland School, Rwanda

Impact investing comes of age, set to revolutionise the investment world

As impact investing comes of age, to quote the Economist, it is time to take a look at the largest survey of the Impact Investment landscape, and see how this nascent industry is fast becoming a mainstream phenomenon. A decade into the creation of a formal impact investing industry, the Global Impact Investing Network (GIIN)

GroFin Client - Firm Foundation Ghana

Firm Foundation Ghana – GroFin Client and School of Choice

Firm Foundation Ghana has become the school of choice for parents in the catchment area and is consistently the top performing school in the Ga West area for the Basic Education Certificate Examination (BECE). An average of 25% of students that obtain their BECE at Firm Foundation continue their education through tertiary institutions. The school’s student

Kenyan Entrepreneur, Pamela Muyeshi and Amaica Restaurant

Congratulations to Kenyan Entrepreneur, Pamela Muyeshi, for her phenomenal success with the Amaica Restaurant

Kenyan Entrepreneur Pamela Muyeshi has always had a passion for traditional and authentic Kenyan cuisine. So, it’s no surprise that Amaica Restaurant in Nairobi, would successfully grow to serve a customer base of roughly 43,000 diners per year, and triple its employment level to meet the growing demands of its customers. Since receiving GroFin finance in

Ghanaian entrepreneur Linklaters

Ghanaian entrepreneur tops up his fuel retailing business through disciplined success

Ghanaian entrepreneur, Richard Owusu-Poku, and owner of Linklaters is a prime example of a successful fuel retailer in Ghana. Richard currently manages five out of six Shell filling stations in Koforidua, in the Eastern Region of Ghana. And of the five petrol stations he runs, he owns and operates two while managing the other three

GroFin Kenya client GAEA Foods Ltd

Hot start for GroFin Kenya entrepreneur in potato processing business

Entrepreneur Irene Wanjiru Mwangi is a pioneer in the field of potato processing in Kenya. Her company, GAEA Foods Ltd., processes potatoes for the local urban market mainly consumed by fast food restaurants, main stream hotels and centralised kitchens for some universities. Consumption is highest amongst the fast food chains: that is estimated to consume

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

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

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

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.

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