Zimbabwe

3rd Diaspora Investment and Policy Forum in Lagos, Nigeria

 

As part of AFFORD’s Diaspora Finance Initiative (DFI), AFFORD’s country partner the Enterprise Development Centre (EDC) organised the 3rd Diaspora Investment & Policy Forum on 26 September 2018 in Lagos, Nigeria. Diaspora Investment & Policy Forums are an important part of AFFORD’s work as they provide decision makers, diaspora businesses and regulators with a space to have open dialogue on creating an enabling environment for SMEs.

The forum focused on building successful diaspora businesses in Nigeria through dialogue with business development institutions, local government, regulatory bodies, private sector and other stakeholders. A variety of organisations, businesses and regulatory bodies in Nigeria attended, these included:

The forum was successful in providing diaspora businesses with the opportunity to engage with policy makers and regulatory bodies in Nigeria. Diaspora businesses were able to have open dialogue with regulators on barriers relating to regulation and discuss sustainable solutions.
The next Diaspora Investment & Policy Forums will be led by AFFORD’s country partners in Zimbabwe and Rwanda later this year.

The Global Native: Enhancing agriculture in Zimbabwe

AFFORD would like to congratulate The Global Native, one of our current grantees, for their great social impact on the lives of farmers in 3 villages in Zimbabwe.

The Global Native invest in large trucks in order to provide transport services to farmers in rural areas enabling them to move their products faster to more profitable markets. With The Global Native’s trucks, farmers can transport greater quantity of products at cheaper prices, transport their goods to the markets quicker, therefore increasing revenue and improving their livelihood.

AFFORD awarded The Global Native a £30,000 matched grant as part of the Diaspora Business Planning Competition in 2017. Over a period of 12 months, The Global Native has already made impressive progress. The grant has enabled them to scale up their work, buying a 40 ton truck. On top of AFFORD’s grant, The Global Native raised further investment from the diaspora through their Enaleni platform and have bought 3 additional trucks, creating a total of 23 new jobs. The Global Native works with Turning Matabeleland Green, who have trained over 10,000 farmers in chicken production and tomato growing in the southern region of Zimbabwe.

Na Ncube, Founder and Director at Global Native has found the support from AFFORD paramount in growing the enterprise and stated:

“AFFORD’s grant has helped us generate 100% increase in sales which would have been difficult without the extra injection of capital. Business expansion needs capital, and for most diaspora businesses this is a limiting factor in expanding our enterprises. Demand on the ground still exceeds supply therefore we are still looking for new capital to scale up further over the next year. If you are interested in investing in our work, please get in touch at info@enaleni.org.” 

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