Somali Diaspora Investment Event in the Netherlands

On Saturday the 13th BiD Network and Nedsom together with Diaspora Business Centre organized an event for Somali diaspora to promote investment opportunities in the different Somali regions. Dozens of interested came together in The Hague to learn more about the Somali AgriFood program and IFAD Matching Grant Fund and to hear about experiences with entrepreneurship in Somalia. The afternoon started with a word of welcome by Guled Yusef of Nedsom. After that, Annemarie van Mossel of BiD Network explained about the services of BiD Network, the Somali AgriFood program and IFAD Matching Grant Fund and the meaning of business angels. The main goal of the Somali AgriFood program is supporting and increasing small and medium businesses in the agriculture, food-processing and fishery sectors and involving the diaspora for more and sustainable investments. The day continued with several guest speakers sharing experiences and knowledge on modernizing agriculture and discussing entrepreneurship in different Somali regions. A Q&A with BiD Network and the guest speakers closed the day off. The Importance of Investments The Horn of Africa is one of the regions in Africa at an economic turning point. The power of the economic development is mainly in the hands of local Somali entrepreneurs and the Diaspora investments that support them. Increased investment, in which the Somali Diaspora plays an important part, is very important for the development of the Somali regions. Have you ever thought about investing in small businesses? Do you have any friends, family members, or associates with a Somali business in need of finance? Visit our websites for more information and to join the Somali AgriFood program:...

Somali Diaspora Investment event

Investment Opportunities for Somali Diaspora Location: Hampshire Hotel – Babylon, the Hague Address: Bezuidenhoutseweg 53 – 2594 AC – The Hague, The Netherlands Date and time: December 13, 14:00 – 18:00 On Saturday the 13th of December 2014 Nedsom and BiD Network will host an event for the Somali Diaspora in The Netherlands to promote investment opportunities in Somaliland, Puntland and South and Central Somalia. This event is meant to inform Somali diaspora about the Somali AgriFood project. The main goal of this project is supporting and increasing small and medium businesses in the agriculture, food-processing and fishery sectors and involving the diaspora for more and sustainable investments. The event will highlight the impact of Diaspora investment and the role of SMEs for local development. The project is organized by BiD Network, IFAD and supporting partners. The Horn of Africa is one of the regions in Africa at an economic turning point. The power of the economical development is mainly in the hands of local Somali entrepreneurs and the Diaspora investments that support them. Increased investment, in which the Somali Diaspora plays an important part, is very important for the development of the Somali regions. The Somali Diaspora event will therefore highlight the impact of Diaspora investment and the role of SMEs for local development. The IFAD Matching Grant Fund will be presented as an interesting co-financing opportunity for investors in the region. Have you ever thought about investing in small businesses? Do you have any friends, family members, or associates with a Somali business in need of finance? Please feel free to participate in the upcoming event and...

Finishing Global Entrepreneurship Week 2014 with 3 final events

Friday November 21 we closed both Global Entrepreneurship Week and our Women in Business week with 3 spectacular final events: the Women in Business Challenge final, the Ondernemen Zonder Grenzen final and the international final of Get in the Ring: the Investment Battle. BiD Network played a major role in all finals, which were held in the beautiful Van Nelle Fabriek in Rotterdam. Women in Business final Our 9 Women in Business participants were on a business trip in the Netherlands this last week. The BiD Network team prepared a busy schedule full of B2B meetings, training sessions and networking moments for each of them. During the final event on Friday, the 5 finalists had to pitch their businesses for the jury and audience. The finalists were Yuli Torres from Peru with the business Sumaq Qara, Suzana Moreira from South Africa with her business moWoza, Ana Barrera from Colombia with her business Aflore, Claudia Esparza from Peru with her business Nasas y Amas, and Dora Karani from Burundi presenting her business Garden City. The final event was opened by Hendrik van Gent, director of BiD Network, followed by a word of welcome from Leon Wijnands, Global Head of Sustainability at ING. The topics women entrepreneurship and financing were further in-depth discussed by Saskia Vossenberg, researcher at the Maastricht School of Management, and Zairah Khan, founder of VIVEinvest. After this it was time for the pitches of the finalists, followed by Q&A sessions with the audience. All 5 finalists gave impressive pitches, on which they had a lot of training and practice in the days before. Finally, it was time...

Get in the Ring Africa: the Investment Battle has been fought

Last Thursday, on September the 18th, BiD Network hosted the Investment Battle of Get in the Ring Africa. Ten of the most promising entrepreneurs from all over Africa came together in Kigali, Rwanda, for an exciting challenge and a day full of training sessions, meetings with investors, workshops and networking opportunities. A soulful performance by Nigerian star Bez and interviews with inspiring entrepreneurs in between the pitching battles made the evening a festive event for everyone who joined us. The 10 finalists gave their all in the pitching battles in their attempt to convince a jury of six investors of their business plans. In five exciting one-on-one battling rounds the entrepreneurs had to tackle five different topics regarding their businesses in just 25 seconds per topic, followed by a Q&A session with the jury. After all the entrepreneurs had taken the stage, the jury left the room to make the final decision on who was going to be the champion of Get in the Ring Africa 2014. In the meantime the audience enjoyed a catching performance by Bez, which was also a moment for our finalists to blow off some steam and to prepare for what was next. Finally, the moment was there: the jury had returned and the finalists had gathered together on the stage, waiting nervously for the outcome of the battle. It was a close call, but the jury decided that the winner of this year’s African Final is Justin Coetzee from South Africa. With his business GoMetro he has built a mobile application that provides information, updates and announcements regarding public transport for cities in South Africa....

Last Call Ondernemen Zonder Grenzen

Verover een plek in de finale met jouw grenzeloze onderneming! Is Nederland te klein voor jouw idee? Doe dan mee aan de businessplancompetitie van Ondernemen Zonder Grenzen. Dien je businessplan in vóór 1 oktober en verover een plek in het spectaculaire finale event van Ondernemen Zonder Grenzen & Get In the Ring op 21 november 2014. Als finalist maak je kans op een investering tot 100.000 van de Investeerdersclub of één van de andere prijzen. Bovendien pitch je je plan voor een publiek van meer dan 100 stakeholders, VIP investeerders en media. Zie voor meer informatie https://www.ondernemenzondergrenzen.nl/deelname/. Save The Date: 21 november Final Event Ondernemen Zonder Grenzen 2014 Kom naar het afsluitende event van Ondernemen Zonder Grenzen 2014 met pitches van de beste businessplannen uit de competitie. Dit jaar samen met Get In the Ring waar een selectie van finalisten uit 64 landen hun idee zullen pitchen in een boksring. Tijdens de hele dag zullen VIP investeerders en belangrijke stakeholders rondlopen om kennis te maken met de ondernemers. Een kaartje voor de final van OZG geeft gratis toegang tot het final event in de avond van Get in the Ring. Wanneer: vrijdag 21 november van 14.30 tot...

Waste Masters: Growing on Garbage

Last week, an amount of USD 50,000 was transferred from an European business angel to Waste Masters in Uganda. The transaction was extraordinary, as to date the entrepreneur and the investor have never met each other. Based on business documentation, financial statements and trust built through various email and Skype conversations, the financial deal has been closed. The entrepreneurial aspirations of Chrispin Lutalo, owner and founder of Waste Masters, became visible when he was following a study course to become a priest. One day, Chrispin made a decision to take a year off and to explore opportunities that would enable him to live a life without poverty. When someone approached him with the request to take care of a plot of land, he started producing vegetables and selling and distributing these door to door in the outskirts of Kampala. At a certain moment, one of his clients asked him if he would be willing to pick up her garbage in return for a payment. This is where the idea for Waste Masters emerged. Within three weeks, he had hired a lorry and started the business. Eighteen months later, Chrispin bought his own truck and the business started to grow. Today Waste Masters is formally registered. It employs 12 staff members, who are engaged in the collection of garbage, the distribution of garbage bags, customer relations and collection of revenues. Clients pay on average around UGX 20,000 per month, and the business has almost 500 clients and picks up garbage four days a week. With the finance raised, Waste Masters will be able to buy an extra truck, allowing the...