Venture Capital and Private Equity in Africa
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Corien Herweijer
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A place to discuss African-European relations - Highlight economic activity and profile African-European projects and events.
A site dedicated to investors and entrepreneurs interested in Kenya
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- Are you an investor or entrepreneur ?
- entrepreneur
- Organization Profile
- Teampro is a private consultancy agency that assists European entrepreneurs, who would like to do business with East-African entrepreneurs and vice versa. Teampro’s primary objective is to stimulate trade relations between The Netherlands and East-Africa (Ethiopia, Kenya, Uganda, Tanzania, Sudan and Rwanda).
Teampro offers a wide range of activities:
Organization of incoming and outgoing trade missions
Organization of trade and investment seminars
Match-making between Dutch & East-African entrepreneurs
Monitoring of & advice on market developments
Market surveys & feasibility studies in various of sectors
Mediation in EU & Dutch subsidies
- What is your current position ?
- project coordinator Kenya
- Personal Introduction & Profile
- Passionate about the business opportunities in eastern Africa!
- Which sectors are interesting for you ?
- Banking, Chemicals, Consumer Durables, Consumer Non-Durables, Diversified Services, Electronics, Energy, Financial Services, Food and Beverages, Health Services, Leisure, Manufacturing, Construction, Retail, Specialty Retail, Telecommunications, Utilities, Wholesale
- Which region is interesting for you ?
- East Africa
- Which countries are interesting for you ?
- Burundi, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Sudan, Tanzania, Uganda
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Let me know and I can add your website to the list !
Regards, Ben
ben@vc4africa.com
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Trust this message finds you well.
This is Shanker from Sovereign Oil Ltd, Nairobi. (licensed by the Energy Ministry) We have some trading opportunities dealing in Petroleum products with Multinationals and currently seeking some private equity partners / investors.
I could email you more details of the trades we have in hand to you.
Best Regards
Shanker.R
Our website www.sovereignoils.com
Address: 23-25 Leinster Square, Bayswater, London, England
Website at: www.thehydeparkhotellondon.co.uk
TEL +44 703 180 4976
FAX: + 44 -878- 478-2300
Pay Job Offer Public News,
The Human Resource Department of Hyde Park Hotels UK , is using this media to inform you about an open recruitment that is going - on with the Hyde Park Hotel Family United Kingdom, this offer of employment can be a good opportunity for you to live and work in a very good explore also expand your career to a better position, the floor management of Hyde Park Hotel will help every successful applicant to get visa and work permit for your entry into London as a Legal Skilled Immigrant, both Male - Female can apply,if you wish to be a part of this winning teams at Hyde Park Plc.Hotel Management will be responsible for the entire successful applicant's Air flight ticket(s) from the country to England , Accommodating / feeding & medical supports are free for you as a staff of Hyde Park hotel management. You have a chance to apply for family Visa, if you wish to come with your family. If you're a good / Help desk / Sous-chefs / lobby agents / Accounting clerks / Waiters / House-persons / Event coordinators / Sales managers / Bartenders / Maintenance staff / Banquet servers / Stewards and House -keepers, you can apply to get more information's now. To show your interest and receive full employment application form & it's procedures, kindly contact us back with your full (CV) in Word Format. Please do not hesitate to contact us for any enquiries or feedback We look forward to welcoming you to our Hotel soon. Mrs Ella James .Hyde Park Hotel Humanitarian Publicity Officer.Email: hotellodonhydepark@yahoo.co.uk
It is nice to hear from you. We are currently seeking expansion funds for our MFI both debt and/or equity. It would be nice if we met up when you are in Nairobi. Addtionally, please give me your email address and I can tell you more about our MFI.
Looking forward to hearing from you.
My Regards
Greetings .
i want to chat with you for business partnership with your company so plss provide me your contact details with phone number as we are IT solution Provider (parents) company .
For more details visit my website www.netcore.co.in
Thanks
Nirav.pandya@netcore.co.in
Nirav (director intl sales)
We have present in more then 80 Countries in the world
for More Info you can visit my company's URL www.netcore.co.in
Thanks & Regards
Nirav Pandya.
Netcore Solution Pvt Ltd (India)
Director (International sales)
Nirav.pandya@netcore.co.in
Molyn Credit Limited is a credit and financial advisory services company serving the low income population currently in Kenya and in future beyond. Poverty eradication is our passion and our dream is one where nearly all people live free of hunger, malnutrition, have the basic needs such as safe drinking water, education, proper waste disposal, a world free of HIV/AIDS due to reduced idleness and drug usage and overall improved living conditions both in the rural and urban areas. In line with our overall goal, we offer credit and financial advisory services to self- help groups/community based women groups in marginalized areas of the society and small and microenterprises (We are currently offering loans to second hand retail dealers in Toi market in Kibera, Youth groups in Kibera who are mainly in the car washing business and retail business women in Ngara market.), low cadre civil servants, low income employees of State Corporations and selected partner companies after a business understanding and agreement is reached, among others. In addition to offering credit, we carry out business training, monitoring and evaluation to borrowers and potential borrowers to help them utilize loaned funds well and to consequently improve their living standards.
Our success can be attributed to providing clients/customers with a range of innovative products towards poverty alleviation related activities such as loans for farm inputs, low cost clothes vendors, car washing, vegetable and fruit vendors, kiosk operators etc to improve the income brackets of the borrowers.
1.2 Mission Statement
The core mission of Molyn Credit Ltd is to become the preferred provider in offering innovative, customer focused yet relevant quality financial services to the low income population in Kenya and in future beyond.
1.3 Company Vision
The company is guided by the short and long term prospect of being a customer oriented firm that incorporates the values, needs and preferences of the customer to develop products and services that address the direct needs of the customer.
Molyn’s vision is to leverage our entrepreneurial drive and company brand to grow into a diversified company by pursuing value-adding opportunities and opening up branches both locally and within the region.
1.4 Company Objectives
Molyn aims to add value by addressing the needs of our stakeholders, employees and the broader society at large, while growing and ensuring the profitability of our business.
1.5 Company Principles
Molyn is committed to operating within the highest standards of professional and business ethical values by building among its directors, management and employees a culture of honesty, trust and cooperation.
The company operates under the tenets of corporate social responsibility, professional ethics and the incorporation of customer ideas in the growth and development of the existing and new products as well as the overall development of the company.
1.6 Products and Services
a) Loans to Self Help/Community based Groups.
The potential of using institutional credit and other financial services for poverty alleviation in Kenya is quite significant. About 18 Million or 60% of the population are poor and mostly out of the scope of formal banking services. According to the National Micro and Small Enterprise latest baseline survey , there are close to 1.3 million MSE’s employing nearly 2.3 million people or 20% of the country’s total employment and contributing 18% of overall GDP. Despite this important contribution, only 10.4% of the MSE’s receive credit and other financial services. The formal banking sector has regarded the informal sector as risky and not commercially viable
MCL offers “small” loans of between ksh 5,000 (usd 70) and ksh 100,000 (usd 1,400) to women within legally registered self help groups of 5-20 members who have ideas about income generating projects or who are already in income generating projects whose growth is limited by lack of capital.
The members are not required to make pledges of collateral, thus the Grameen Bank idea of joint liability is relied on to induce sanctions that help to discipline borrowers.
Risks:
The only risk is the risk of delinquency of the loan. However all measures are put in place to ensure that delinquency is kept at less than 2%.This is achieved through:
i) Frequent follow up-Field officers are required to make weekly/bi-weekly/monthly visits to group members who have running loans thus ensuring that collections are promptly carried out.
ii) Progressive lending thus enabling the lender to test the borrowers with small loans at the start in order to screen out the worst prospects before expanding loan scale.
iii) Borrowers within one group co-guarantee one another thus joint liability provides an insurance against individual risks.
Even if an individual project fails and some of the borrowers are unable to repay, the group as a whole might still be able to do so. Group liability will therefore complement modest collateral requirements.
Success of an individual project should be sufficiently verifiable by other group members. To ensure this then borrower groups have to be self selected.
Borrowers within these groups are classified as the poor of the poor. Individuals within the group are often persons from families who live on less than usd 1 a day.
b) Asset Financing
The range of products and services under this category caters for individuals without regular monthly salaries, businesses, small and micro enterprises, sole traders, partnerships, clubs, welfare groups, and associations. Specific assets can be used as collateral in applying for a secured loan. Assets usually considered for security are shares of listed companies or motor vehicles.
The loan term as well as amount lent will vary depending on both the applicant’s preference and the value of the pledged assets. Interest rates are competitive
c) Unsecured Personal Loan Products and Services
Employees earning regular monthly salaries can apply for loans to be repaid through check-off administered through the employer. The approval of the employer, who also agrees to remit deductions from her employees to Molyn, is required before the loan is disbursed.
Unlike the mainstream financial institutions who focus on the middle- and higher-income market, Molyn Credit Limited has identified its market as being the thousands of modest-earning, but salaried Africans who are the country’s teachers, soldiers, nurses, policemen, civil servants , parastatal employees and low cadre private sector employees . Until recently, these formally employed lower-income Africans could only access rudimentary banking services, and were often seen as “unbankable” by the mainstream financial service institutions, due to size of loans and lack of security this market requires
Main products:
Salary Advances (1-3 months)
Short-term loans of between 1 and 4 months can be given to employees who apply for them. An employer’s approval is required and the loan should not exceed three times one’s basic salary.
Consolidation Loans:
Clients currently having many deductions on the pay slips towards loan repayments can now consolidate their loans through Molyn. This results in one loan repayment replacing the numerous loan repayments which were earlier on the pay slip.
Top up on Loans:
For employees still paying an existing loan and have a further need to borrow, Molyn offers top-up on earlier loans provided that their pay slips can accommodate all the requirements. This means taking an additional loan which will increase the money available for your immediate use.
Bridging Loans:
To facilitate an employee take up a bigger loans within their Savings and Credit Corporative Organizations(SACCO’s), Molyn carries out bridging of loans after an agreement is reached with the respective SACCO.
Being Developed:
o Opening up of a countrywide/regional branch network.
I just read your profile. Check out Alchemy World (alchemyworld.org). My friend, Carlo Tortora Brayda di Belvedere (Italo-Ethiopian) is a successful serial ITC entrepreneur who relocated to Addis to start Alchemy World. AW trains Ethiopians in business education, entrepreneurship and ITC skills in order to drive the development of the ITC sector in Ethiopia with SMEs. You might want to contact Carlo and see if there are possibilities for collaboration.
Best,
Eva