Raising capital is probably the biggest obstacle many entrepreneurs face when growing their businesses in Ghana and, perhaps, Africa at large.


With Africa widely regarded as the next investment frontier, many entrepreneurs may be wondering why it is so difficult to raise capital in a market which appears to have so many impact investment funds, venture capital funds, private equity firms, business development services and loan funds from international development agencies and banks.


It is, therefore, to provide answers to the question that the Ghana Women in Business (GWIB) is organizing a networking event, specifically designed for the modern Ghanaian women entrepreneurs who want to succeed in a challenging environment.


The event, which takes place in Accra on Friday, May 22, is designed to target the missing middle— Small and Medium Enterprises (SMEs)— that are too big for micro-finance loans and grants, but too small for traditional private equity funds which suite large billion-dollar infrastructure projects.


Highlights of the event include presentations on ‘Partnership Opportunities’, ‘Love to sell, Sell with Love’, ’Speed Networking’ and ‘Pitch your Business’.


Carole Ramella, Top SME Finance expert and Founder, and Managing Director of GFA Consulting Ltd., a corporate finance boutique based in Ghana and specializing in fundraising advisory for SMEs operating in West and Central Africa, is the Guest Speaker.


Speaking ahead of the event, Ms Ramella noted that over the last five years, GFA Consulting and Urban Inclusion had been listening to the needs of the SME sector in Ghana.


She said as a result of the knowledge about these needs, combined with the extensive understanding of Equity and Debt Finance requirements, a programme dubbed: Preparing for Finance and Investment (PFI) had been developed to unlock the potential of Ghanaian companies and their appeal to investors.


She said the programme was particularly essential for SMEs because there was a clear gap between the needs of the investor and the reality of the African business that needed to be closed and that PFI had been designed to bring SMEs closer to investors.


Source: ISD (G.D. Zaney)

Created: 20 May 2015
Hits: 5062