At this past weekend’s 9th Annual Clinton Global Initiative University Meeting (CGI U), we announced the launch of the Impact Library, a new digital resource bank.
The African Small Enterprise Fund
The GroFin Africa Fund (GAF), managed by GroFin - which was co-founded with the support of Shell Foundation - provides business development assistance and risk capital to start up and growing enterprises in Africa. GAF builds on the US$100m already commited to regional SME funds in Africa. In 2008 The Shell Foundation secured commitments of US$125m (surpassing the first close target of US$60m) for GAF. Financial commitments were approved by development finance institutions (CDC, FMO, Norfund), international finance institutions (IFC, African Development Bank), Shell Foundation and the sponsor (GroFin). GAF is now operational in all 7 countries in Africa in which local GroFin teams have been established.
This weekend, more than 1,200 college and university students from across the country and around the world attended the ninth annual CGI University (CGI U) meeting, held at the University of California, Berkeley.