onsdag 1. mai 2013
onsdag 25. april 2012
McKinsey says steady growth of Africa’s population, expansion of the middle class and rising optimism about the continent’s future will play a crucial role in determining the continent’s fate.
Consumers take charge of Africa’s growth - Politics and policy |businessdailyafrica.com:
'via Blog this'
Consumers take charge of Africa’s growth - Politics and policy |businessdailyafrica.com:
'via Blog this'
onsdag 18. april 2012
mandag 16. april 2012
Inventure Management Ltd.: Emerging Africa Capital , Corporate Financing in K...: We have partnered with EmAC, and Svein has joined the Board of Directors. Emerging Africa Capital , Corporate Financing in Kenya and the R...
søndag 25. mars 2012
Plattforms for supporting next generation business.
Social Ventures/Social Enterprise/Social Business/
Here is a list of 200+ that the William James Foundation has worked with: http://williamjamesfoundation.org/index.cfm?fuseaction=Page.viewPage&pageId=607
http://www.bonventure.de/en/home.html (only German speaking regions)
http://www.vilcap.com village capital seed funding network for socent
http://www.toniic.com global impact investment angel network
http://hubventures.hubbayarea.com/ seed funding for socent in the SF Bay area
http://w1sd0m.net search 400 institutional impact investors
http://www.blueoceanstrategy.com/ making competition irrelevant
lørdag 24. mars 2012
Inventure Management Ltd.: Press Release Biashara Fund (Norwegian): Vi har de senere årene sett en økende interesse fra norsk og internasjonalt næringsliv og investorer for investeringer på kontinentet. Em...
onsdag 21. mars 2012
Inventure Management Ltd.: Emerging Africa Capital , Corporate Financing in K...: The all new EmAC- Recharged: www.emergingafricacapital.com Emerging Africa Capital , Corporate Financing in Kenya and the Rest of Africa :...
fredag 16. mars 2012
Inventure Management Ltd.: Agro-investment projects in Kenya: AGRO-INVESTMENT PROJECTS Project Title : Cultivation and Processing of the Avocado Brief description of the project; Avocado is...
Inventure Management Ltd.: Summary of investment opportunities in Kenya.: SUMMARY OF INVESTMENT OPPORTUNITIES OPPORTUNITIES IN BPO/ICT 1.1 Front Office 1.1.1 Call Centers Is a centralized office used fo...
Inventure Management Ltd.: Investment opportunities in Africa: Lean Green Business Machine - Africa : Vision NOW EmAC JV Pipeline Client Description Our role Project size Financing option Status ...
torsdag 15. mars 2012
tirsdag 13. mars 2012
Executive Summary of Business Plan for
Lean Green Business Machine - Africa : Vision NOW
Our vision is to create an ecosystem to facilitate for international and local East African Entrepreneurs to grow sustainable businesses with social impact. To do that we partner with local and international companies and institutions. By providing an ecosystem for sustainable economic development for the East African and international markets, and facilitate sustainable economic development in Africa and thus helping entrepreneurs and companies in Africa with growth capital and capacity building, we can create sustainable growth that is also economically sustainable. A Lean Green Business Machine.
There are underlying separate business plans for each of the mentioned business areas. We’re using Norway as an example for foreign companies interested in the region, but we’re not limited to Norway as is.
Africa: an emerging market
Africa is a relatively unexplored continent for Norwegian companies. Investments in Africa have been looked upon as very risky and to not give high enough return on the invested capital. But over the last couple of years, countries like South Africa, Kenya, Uganda, Tanzania has had a steady economic growth. In light of the financial crises seen in the western economy, investments in Africa can no longer categorically be rated as high risk.
We believe that Norwegian companies and financial institutions would benefit from learning more about the opportunities, which currently are emerging on the African continent. Companies from countries like Holland, China and Japan are already investing heavily in several sectors like renewable energy, agriculture and infrastructure. There are many Norwegian companies that have technology and knowledge that could be implemented in Africa. There are opportunities north to south, but also south to north.
In addition to promoting entrepreneurship and development in Africa we can be a door opener for Norwegian and other foreign business in the region. African entrepreneurs will gain access to expertise not otherwise available in the market, and if we manage to engage the Norwegian business sector in these processes we will also be able to give Norwegian industry expertise in African makrjets, and otherwise facilitate for their CSR activities and promote their businesses while doing good in Africa.
Investing in Africa
We’re working with local partners and other incubators to build an ecosystem for african entrepreneurs. To attract investments we work with local banks and financial institutions like Chase, Barclays, First Community Bank and and our JV with Emerging Africa Capital, but also with international investors and institutions like international PE funds and other. We are raising USD 100 Million for a PE Fund (The Biashara Fund) investing in startups and SMEs in Africa, and have got commitment on USD 30 Million. We are also raising Euro 10 Million for a pure ICT/Tech Seed Fund with a European VC Fund. Since most of the SMEs in the region is to small to attract funding on it’s own we believe that a fund is appropriate to attract investors, and that a regional fund will be suited to alleviate risks as well as having the potential to be a tool for restructuring and consolidation of business sectors in the region..
We just got a deal with a major insurance company that will enable us to insure foreign investors against the political and other risks involving investing in Africa, and have contacts with investors in Europe, Asia (incl. China), USA and local investors. With the right project we’ve been assured we could raise over USD 1 billion from government sources (debt financing), but focusing on entrepreneurship and SME we are still looking for keen investors. These huge infrastructure projects are scarce, and the big need is in SME funding. We also wants to do social impact and enviromental assessments on our investments using tools like GIIRS to monitor our social and enviromental footprints.
One way to attract investors, and showcase african entrepreneurs is by hosting investorforums like SEED Forum, and events like Startup Weekend. We are talking to potential partners in Kenya and EAC on these events, and for the SEED Forum which we will host in a JV with the SEED Forum Foundation we already have a deal with DLA Piper Law Firm here in Kenya, and are in contact with other possible partners like the Norwegian Embassy, KenInvest and Safaricom. The SEED Forum seems likely to generate a small revenue, but the biggest asset here is the PR and marketing effect. If successful we will scale up to host SEED Forums in the EAC region and beyond. We hope to be able to host a Startup Weekend in Kisumu later this year together with local partners like Kisumu Poly, some local NGOs and the local business community. We participate in the SW in Nairobi this February. Upon the successful completion of the SEED Forum, and with big enough interest from Nordic industry we hope to be able to found a Nordic business network here in EAC.
Acumen Fund and similar VC Funds are doing a great job here in Africa, but what I could wish for is even more seed capital. A recent survey showed that the access to seed capital is essential, and ranked as the number one factor hindering entrepreneurs in Africa today. Hope we in the future can see even more seed funds and VC-funds operating in Africa. We also need to support african entrepreneurs with business development and capacity building.
We’re seeking to build incubators in Nairobi (near JKIA), Kisumu (at Kisumu Poly) and Mombasa.
To facilitate business development and capacity building for african entrepreneurs, but also to let foreign businesses have access to office facilities we are looking at opening incubators, co-working spaces across the continent. With three incubators in covering big parts of Kenya as a pilot. The incubators will be running as franchises run independently using the same platform. Social franchising is the use of a commercial franchising approach to replicate and share proven organisational models for greater social impact. We seek to partner with foreign incubators/co-working spaces in this process, first seeking an agreement with partners in Norway. At first we are looking at an incubator with round 20 co-working spaces and modern teleconferencing equipment near JKIA in Nairobi, and with a small 4-bedroom guesthouse to facilitate for foreign businesses looking to establish themselves in the region. At the moment we have 4 norwegian social businesses coming to Kenya this spring which we already have set up with offices in Nairobi, and we will help them with business development services.
An incubator/co-working space like this would help us and them in the process, and also bring kenyan and foreign businesses together. We are looking at an incubator focusing on agribusiness, fisheries and renewable energy in Kisumu together with a consortium of local partners, and have local investors ready to co-invest in the first incubator in Mombasa.
We need to get skills involved in the process.
What I want is more startup and business accelerator programmes, and more knowledge sharing between entrepreneurs in Africa and the developed world. We've been working on an idea of a programme connecting local entrepreneurs here in Kenya with mentors in, for example, Norway using videoconferencing and social media, but also live by starting an exchange programme and volunteering opportunities.. If we succeed I think both parties can benefit from it. Our local entrepreneurs can get knowledge and hopefully access to partners and funding, and our mentors will get access to investment opportunities and knowledge about an up and coming emerging market.
Our main focus has been on the Scandinavian market though, and our first customer is Chalmers University in Gothenburg, which will send 22 students in August 2012, to work on a Venture Cup-like local competition in the rural areas of Kenya focusing on use of solar tech, LED-lamps, etc.
Then we have the crowdfunding platforms.
To complement our on site activities in the region we want to have a virtual incubator and crowdfunding platform to showcase african entrepreneurs. When I've been thinking about crowdfunding like Kiva and social entrepreneurship in Africa I've missed one thing.
I look at Kiva and others I can see they fund microentrepreneurs, but they don't give them the tools to really run a business. Would it be possible to implement some kind of a mentor-programme or peer to peer network on a platform so that entrepreneurs can hook up with the crowd to get guidance and the tools to grow their businesses.
Get the crowd involved in the running and development of the businesses and by then also build a platform for capacity building. We will launch a platform in march, and we are in the final stages of choosing between to different platforms. Both platforms will fit our needs perfectly. We have local investors ready to invest in the platform in EAC, and we will also be looking at launching the same platform for norwegian social enterprises and entrepreneurs. We are working on some legal and regulatory issues regarding this now, both in Norway and EAC.
Africa needs access to foreign markets
I have invested in a 25 % stake in a norwegian company developing an e-commerce platorm enabling african producers of goods to sell directly to consumers all over the world on a fair trade basis. Think like Groupon for Fairtrade. We will build a small organisation to handle logistics, etc in Nairobi, and are talking to two possible logistics partners in the region. We are also building a small organisation in Norway to handle the technical issues and sales. We are looking for soft funding from Norad and Innovation Norway to develop the platform further at the moment. Our development partner is Feel Good Invest AS in Norway.
Employing african immigrants to Norway
Where we will have a norwegian presence we are at all levels looking at employing african immigrants to Norway. We envisage that we can create a significant number of jobs for african immigrants to Norway, as well as utilizing the expertise they have of their homelands. This will also help solving the problem of unemployment within the african immigrant community in Norway. We have a scheduled meeting with NAV, The Norwegian Labour and Welfare Service, in February
Our investments and future needs
To be able to meet our vision on making the biggest possible social impact, and doing well while doing good we have a need of building an organisation to run the different project, to establish strong partnerships with both both foreign and local players and to invest in the necessary infrastructure and manpower to run the operations, both here in Kenya and Norway. Apart from the JV with EmAC which is completely a seperate entity running on it’s own, and which will not be covered here, there has been committed USD 800.000,- to the projects, where as USD 500.000 has already been invested in planning and tech infrastructure. We are looking for a total of USD 2 Million in soft funding from Norad and Innovation Norway to develop the projects, but will also open up for Series A funding from private investors primo 2013. We will then raise USD 3 Million to scale the projects in Kenya. Later we are looking at raising a Series B funding enabling us to go regional, and so forth. Totally we are looking at raising USD 10 million over the next 5 years, including the franchises.
We have a planned valuation process for the different entities this fall after the soft funding process is completed.
How to exit in Africa
Exits are a challenge in the african market. Traditionally you would look for a trade buyer looking at expansion into the african market, but there has been significant improvements within the securities markets in the region, and listing on local exchanges like Nairobi Stock exchange is also an option for companies. For some of the social enterprises, and the incubators, the Kenya Social investment Exchange could be an option. We have a model where we believe that we also can exit by that bigger VC funds, like the norwegian funded Norfund, will be a potential buyer of some of the SMEs when they meet the necessary requirements.
As for the PE Fund we are looking at listing it as a ETF on either London SE or , because of the significant interest for Africa in Asia, the Hong Kong SE.
When I work with entrepreneurs here in Kenya I can see that most africans are in fact entrepreneurs. They run small businesses, but they lack an entrepreneurial mindset. They are entrepreneurs because there are no formal jobs, and are hustling to make a living, while they wait for something else instead of making their business their main focus.
By giving them some tools and a framework for building their business we can make real change by creating sustainable jobs.
I believe our ecosystem for entrepreneurs will do exactly that.
Svein Mork Dahl
Managing Partner East-Africa
Building an ecosystem for african entrepreneurs. A Lean Green Business Machine.
Inventure Management Ltd.
Po. Box 778 - 00521 Embakasi Village, Nairobi, Kenya, East-Africa
Skype: svein.mork.dahl International phone (UK): +44 20 88 168 333
Norwegian phone: +47 4141 0171 Kenyan phone: +254 701 359 259
søndag 11. mars 2012
Inventure Management Ltd.: Strategy - Africa, the emerging market story of th...: Strategy - Africa, the emerging market story of the next decade ? : 'via Blog this'
tirsdag 6. mars 2012
Inventure Management Ltd.: World Bank sees FDI streaming into Africa in 2012 ...: World Bank sees FDI streaming into Africa in 2012 | Top News | Reuters : 'via Blog this'
fredag 24. februar 2012
mandag 6. februar 2012
søndag 5. februar 2012
New technologies are changing the way we engage communities, run companies, deliver public services, participate in government and campaign for change.
These new technologies are available to all of us.Homepage | Social by Social:
And they offer us an amazing opportunity to change our world.
And they offer us an amazing opportunity to change our world.
'via Blog this'
We are working with three co-working spaces here in Kenya, incl. iHub. And are looking at setting up three more. We want to build a ecosystem for entrepreneurship that includes:
- incubators/co-working spaces
- a virtual incubator and crowdfunding/crowdsourcing platform
- a seed fund (and a VC Fund)
- volunteer mentors, offline/online
- an e-commerce platform for local produced goods (Fair Trade)
The incubators/co-working spaces will be run on a social franchise platform. We're working with some incubators/co-workingspaces in Europe at the moment.
By providing an ecosystem for sustainable economic development for the East African and international markets, and facilitate sustainable economic development in Africa and thus helping entrepreneurs and companies in Africa with growth capital and capacity building, we can create sustainable growth that is also economically sustainable. A Lean Green Business Machine.Learning from Kenya: Mobile Money Transfer and Coworking:
'via Blog this'
lørdag 28. januar 2012
fredag 6. januar 2012
onsdag 4. januar 2012
There was an interesting discussion over at Megan McArdle’s blog about whether or not NGOs retard entrepreneurship in developing countries. Her post was in response to this from Matt Rognlie…
“Africans don’t see a reward system in place for being entrepreneurial. In fact, they view it as a matter of survival, not an opportunity to lift themselves out of poverty. Rather, what they learn at a very early age, is that in order to make good money, they should learn to speak English incredibly well and then maybe, just maybe, they can get a job driving for an NGO. In a few years, if they play their cards right, they might be able to land an NGO job as a project manager and even advance further.”Sammy’s point was simply this. As a struggling businessman creating new start-ups, he could not compete with what NGO’s were paying for some of the best and brightest. And even worse, he said, “by the time the NGO’s are done with them, there isn’t an ounce of entrepreneur left.”
I can definitely echo this fro firsthand experience. As a small private sector company in Uganda, the danger isn’t so much having your staff poached by big multinationals like MTN or Google, but rather the equally large NGOs who, in their mandate to hire local want to ensure they find the best and brightest. Thus skewing the market because it suits their short term needs.
On the one hand, it’s terrible to think that aid is keeping economies from developing–and this isn’t the only such critique; there are also fears that aid acts like a “resource curse”, insulating political leaders from the need to win public support for their spending, and breeding corruption. On the other hand, I’m not sure I’m quite willing to walk up to a woman dying from malnutrition to tell her that I’m sorry, we’d like to help, only unfortunately it would distort the local economy and so I’m afraid you’ll need to lean into the strike zone and take one for the team.On the third hand, I’m conscious that in this scenario, I am biased towards the seen harm, rather than the unseen…
Everyone in the sector tends to be biased towards the ‘seen harm’ and good because most donors don’t fund longterm, indirect or implicit results. The adverse effects, as long as they aren’t obvious get ignored. This includes inflation of salaries in the private sector.
tirsdag 3. januar 2012
mandag 2. januar 2012
MIT launches online learning initiative - MIT News Office:
'MITx' will offer courses online and make online learning tools freely available.
'via Blog this'
torsdag 29. desember 2011
Inventure Management Ltd.: Sustainable Sanitation Design: It's confirmed that the first participating company presenting on the SEED Forum Nairobi is : Sustainable Sanitation Design : Sustainable...
tirsdag 27. desember 2011
torsdag 22. desember 2011
Inventure Management Ltd.: SEED Forum in Nairobi, Kenya: Then it's official! We are planning the first SEED Forum in East Africa on the 21. June 2012 in Nairobi, Kenya. We are SEED Forums pa...
onsdag 21. desember 2011
mandag 12. desember 2011
lørdag 10. desember 2011
SocEntLab East Africa: Nobel Peace Price to Africans: Nobel Peace Price to Africans, Africas first female president Ellen Johnson-Sirleaf, peace activist Leymah Roberta Gbowee and yemenite T...
torsdag 8. desember 2011
Inventure Management Ltd.: VC4Africa Meetup - Oslo, Norway - Eventbrite: Our fellow member Svein Mork Dahl has stepped forward with the idea to host the first VC4Africa meetup to be help in Oslo, Norway. I think ...
onsdag 7. desember 2011
Erin Burnett interviewed Dr. Dambisa Moyo, the author “Dead Aid: Why Aid is Not Working and How There is a Better Way For Africa.”
Moyo argues that Africa needs innovative ways to finance development, which includes trading and accessing capital markets. In a nutshell, Dr. Moyo’s argument follows the old Chinese Proverb about how giving a man a fish feeds him for merely a day, but teaching a man to fish feeds him for a lifetime. Dambisa Moyo completed her Ph.D in Economics at Oxford University and has a Masters from Harvard University.
In May 2009 Dr. Moyo was named one of the 100 most influential people in the world by TIME Magazine. The clip is from June 10, 2009. Is this conversation and the points she makes in this interview still relevant going into 2012?
mandag 5. desember 2011
Inventure Management Ltd.: Roundtable Africa Conference: Roundtable Africa Conference : "Round Table Africa is organizing the international Sustainable Business Conference “Business resilience, sus...