Bulls n Bears Entrepreneurship Zone :: How these Successful African Entrepreneurs Raised Capital for Their Businesses Part II

Thu Dec 6 07:39:37 CAT 2018

 <http://www.bulls.co.zw/> Bulls n Bears Website           <mailto:bulls at bulls.co.zw> Views & Comments            <http://www.bulls.co.zw/blog> Bullish Thoughts              <http://www.twitter.com/BullsBears2010> Twitter         <https://www.facebook.com/BullsBearsZimbabwe> Facebook           <http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn         <http://www.techsavvy.co.zw/> Techsavvy          <http://www.zimbolife.co.zw/> Zimbolife    <mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe

Bulls n Bears Entrepreneurship Zone :: How these Successful African Entrepreneurs Raised Capital for Their Businesses Part II

3) Anna Phosa (South Africa)

Anna Phosa is one of Africa’s most successful pig farmers. She’s often referred to as a ‘celebrity pig farmer.’

But her business journey wasn’t rosy, and she struggled to raise capital to start and grow the business.

In 2004, Anna started her first pig farm in Soweto with $100 contributed from her personal savings. She started with only 4 small pigs.

After four years — in 2008 — she was contracted by Pick ‘n Pay, the South African supermarket chain, to supply its stores with 10 pigs per week. This was a first breakthrough and the request grew quickly to 20 pigs per week.

By 2010, she had signed a major contract with Pick ‘n Pay to supply 100 pigs (per week) over the next five years under a R25 million deal – that’s nearly $1.9 million (in Aug 2017 terms).

With a contract in hand, Anna was able to raise capital from ABSA Bank and USAID to buy a 350-hectare farm property.  Today, her farm houses 4,000 pigs at a time and employs about 20 staff.

Most entrepreneurs who want to start a business often turn to banks and end up disappointed. And that’s because banks tend to focus on growth and mature businesses that have healthy cashflows and collateral that can be used to secure the loan. If don’t have any of these, you could be wasting your time chasing a bank loan.

Many entrepreneurs don’t know this but banks are just one out of 15 different options for raising capital. The problem is, too many unqualified businesses approach the banks for loans.

4) Ali El-Shafei (Egypt)

Dr. Aly El-Shafei is a MIT-trained academic and mechanical engineer. He is now famed for his patented innovation – SEMAJIB – a versatile magnetic smart bearing which has interesting applications in electricity generation.

In 2017, Dr. El-Shafei won the Innovation Prize for Africa, a grand award of $100,000. The prize money will be used to further develop his invention and create an industrial prototype.

Before winning this award, he had won €240,000 from the European Union’s Research, Development and Innovation Programme in 2009. In 2013, he landed a $100,000 grant from Egypt’s Science and Technology Development Fund.

Every year, there are hundreds of local, regional and international competitions that take place across the world. The amount of capital that can be won from these competitions ranges from a few thousand to millions of dollars.

But there are more benefits that can be gained from competitions beyond winning. Even if you don’t win, the experience, exposure and feedback can bring remarkable benefits to your business.

 5) OMG Digital (Ghana)

Dominic Mensah, Prince Boakye Boampong and Jesse Arhin Ghansah started OMG Ghana in 2012 when they were in college. Smartphones were becoming more popular back then, but Jesse and his friends had a hard time finding interesting things to read online.

So they decided to create a media company that provides content for people like them – young and internet-savvy Africans.

Today, the company’s brand and following has spread from Ghana into Nigeria and Kenya. And it’s set to launch sites for South Africa, Uganda, Zambia and Tanzania.

The team of three entrepreneurs was accepted into Y Combinator, one of the world’s most prestigious accelerator programs. And in June 2017, they raised $1.1 million from a group of venture capital firms and angel investors.

Angel investors are usually rich people or professional investors who invest in early-stage businesses. These are people who invest their own money in a young business in the hopes of making a high return on investment.

Without angel investors, some of the most successful businesses in the world today, like Microsoft, Google and Facebook may have never existed.

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

Truworths

AGM

Boardroom, Prospect Park, 808 Seke Road

06-Dec-2018, 0900hrs

DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from sources believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other  Indices quoted herein are for guideline purposes only and sourced from third parties.

(c) 2018 Web: <http://%20www.bulls.co.zw%20>  www.bulls.co.zw Email:  <mailto:info at bulls.co.zw> info at bulls.co.zw Tel: +263 4 2927658 Cell: +263 77 344 1674

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181206/8b9d3e4d/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 3653 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181206/8b9d3e4d/attachment-0001.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.png
Type: image/png
Size: 878250 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181206/8b9d3e4d/attachment-0001.png>