GroFin wins the ‘SME Financier’ category in AGF Awards

The Awards were presented at a gala dinner hosted in Sandton, Johannesburg last week and attended by nearly 100 professionals from the asset management and private equity industry. The AGF Awards are decided by an independent panel of esteemed industry leaders and experts and the winners are determined solely on merit.

“GroFin is honoured to be recognised for our work in developing SMEs in Africa through our model of providing our clients support beyond finance. We are proud to contribute to increasing direct investment into Africa through financing businesses that deliver real impact alongside positive returns,” – Guido Boysen, CEO of GroFin

Africa Global Funds (AGF) is a leading monthly publication which provides coverage and analysis of the African asset management, investment and private equity industries. AGF created the Awards to honour and generate both industry and public recognition of the outstanding efforts and accomplishments of Fund Service Providers covering Africa.

This was the first year that a category for fund managers in the SME space was added to the list of awards presented. GroFin was shortlisted for this award alongside two strong competitors namely, Spartan SME Finance and Barak Fund Management. Other award categories recognised firms such as Investec, Standard Bank, Maitland, Webber Wentzel, and BNY Mellon for excellence in providing specialised fund administration, brokering, banking, legal and advisory services in the African asset management space.

“GroFin is honoured to be recognised for our work in developing SMEs in Africa through our model of providing our clients support beyond finance. We are proud to contribute to increasing direct investment into Africa through financing businesses that deliver real impact alongside positive returns,” said Guido Boysen, CEO of GroFin.

GroFin was established in 2004 to provide a unique solution of finance and support to SMEs previously doomed to the ‘missing middle’ because they are considered too big for micro-finance and too small for private equity funds. Since its inception in 2004, GroFin has invested nearly $340 million in over 700 SMEs in Africa, as well as the Middle East.

About GroFin

GroFin is a pioneering private development financial institution specialising in financing and supporting small and growing businesses (SGBs) across Africa and the Middle East. By successfully combining medium-term loans and specialised business support delivered through our local offices, we have invested in over 700 SMEs and sustained over 90 000 jobs across a wide spectrum of business activities within the 15 countries in Africa and Middle East that we operate in. GroFin is headquartered in Mauritius.

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