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Diaspora Entrepreneur stories: Meet ERNEST N. AKURGO from Ghana

What does your business in Ghana look like?

We are creating access to friendly health care services. Our health center is creating affordable and friendly services, where clients enjoy care without frustrations such as slow care and unfriendliness.

What are the assessed needs for your business?

We need to train our own staff, and setup our new building with all the equipment. We have a strong partner in the Netherlands stichting Awinbono (you can read more about our partner: www.awinbono.nl)

What impact does your business make (to local communities/creating employment/environment/economic development?

The impact is access to affordable and friendly health care, where the people can have a one stop access to essential services such as consultation, laboratory, available medicines and an ultrasound clinic at reasonable costs. We are also creating employment through employing local non clinical staff.

How does your business benefit the country of implementation -Ghana?

Health care services in general is provided by the government and the private sector. Rural areas where we have setup up need more in terms of creating access to health care. Therefore, we are contributing to the development of access to health care which Ghana needs to accelerate universal health coverage.

How does your business benefit the Netherlands?

Our partners and everyone who work with us to achieve our goal would be very happy to see it come true. A lot of people have worked hard to raise funds for us. Some of the equipment come from the Netherlands as well.

How did the startup boot-camp help you?

Yes, all what is taught here is very essential to how we should run our clinic. We are going to scale up using all the tools , for example the business model canvas helped us fill in the gaps .

If you would like to partner with Ernest send us an email to info@zidicircle.com and be on the lookout for his funding round that will soon be posted on our platform

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Diaspora Entrepreneur stories: Meet DAVID BOATENG from Ghana

What does your dream business in Ghana look like?

Working with both local and external partners to deliver quality and affordable Solar power systems for both residential and commercial use, with an ideal rate of 50 installations of varying sizes each year.

What are the assessed needs for your business

A strategic financial partner is needed to make the product affordable for the customers. With good funding secured, a very reliable post-implementation support to deliver a high customer experience for such a long-term investment. Achieving a quick customer response time, proactive monitoring and customer training tools (website self-service) are some of the key performance indicators (KPIs) to be adopted. Specialist equipment and tools (both hardware and software) are required through the various stages of the implementation cycle (e.g. Transport, PV design software, monitoring tools, Electrical power tools etc.).

What impact does your business make (to local communities/creating employment/environment/economic development

Employing and training local people within the community improves the living standards of these employees and their families. Buying locally needed materials also adds and enhances local commerce. The installation of Solar energy system directly improves the environment by reducing the amount of fossil fuel pollution in the air, noise pollution and high energy cost; all of these being a contributed by existing heavy use of petrol/diesel generators.

How does your business benefit the country of implementation -Ghana

Reduced reliance on the already limited national grid electricity supply; Reduced unemployment; Improved productivity (GDP); General improvement of living standards (studies show families in developed countries who have access to electricity tend to have a higher quality of living and are more productive than those without).

How does your business benefit the Netherlands

To adhere to our set quality standards, we would be working with suppliers from the Netherlands for key components (like batteries, Inverters and solar panel). Working with such businesses in The Netherlands opens further opportunities for these companies. With an improved standard of living and reduced unemployment, The Netherland’s (EU) overseas development fund/contribution will be reduced annually.

How did the startup boot-camp help you

I am a very technical person and I do not have any experience in business or finance management and the bootcamp has greatly improved my confidence and knowledge. I am now more realistic with expectations (MVP is very crucial and you learn to fail and pivot!!). Not to mention meeting so many like-minded people to network with! Having met other entrepreneurs has boosted my confidence and instilled more believe in my ideas!

If you would like to partner with David send us an email to info@zidicircle.com and be on the lookout for his funding round that will soon be posted on our platform

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Diaspora Pitch Winners: Meet Abelneh Teka from Ethiopia

What does your dream business in Ethiopia look like?

Many business process (e.g. construction management) in Ethiopia still uses manual, error prone and outdated practices. We, at Next System Solutions, aim at providing custom tailored and home made solutions to improve and automate these outdated business processes.

What are the assessed needs for your business

We need to hire sales personnel for promoting our MVP, and one extra web developer for adding features to our MVP. Office establishment and other operational costs are also among the reasons contributing for the needed of additional funding of 30,000 euros.

What impact does your business make (to local communities/creating employment/environment/economic development?

The key benefit for the local community is the creations of more sustainable cities through housing security. Are are also transferring practical and state-of-the art software development practices to young Ethiopian IT graduates ultimately creating employment opportunities for the youth.

How does your business benefit the country of implementation Ethiopia?

Construction in Ethiopia is marred with delays and cost overruns. By providing a better management platform, we will alleviate these delays and cost overruns, which will assist in tackling the infrastructure and housing problems of Ethiopia.

How does your business benefit the Netherlands?

Beside developing solutions for Ethiopian businesses, One of our other ambitions is to be a cheaper alternatives for western companies looking for outsourcing their IT projects. We expect high tech Dutch companies as our first potential beneficiaries.

How did the startup boot-camp help you?

The founders of the startup are technical professionals with limited business knowledge. The entrepreneurship training has helped us in grasping basic ideas about business models and other aspects of establishing and running a start-ups.

If you would like to support Abelneh please send us an email at info@zidicircle.com

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Diaspora Entrepreneur Stories: Meet Richard Dickens Agbenyo from Ghana

What does your dream business in Ethiopia/Ghana look like?

I see myself running the most efficient , mechanized self sustaining commercial farm in Ghana, with products that Ghanaian’s can be proud of as their very own, and with responsibility towards the environment and sharing that knowledge with the youth creating a win win for all, qua consumer responsibility and the environment. There is a need for food security and as a businessman and farmer it’s my passion to contribute to the agricultural sector.

What are the assessed needs for setting up your business? (I.e.Partners, co-founders, tools/assets, funding)

we have already acquired 52 acres of arable land. Now we need hard assets –  and funding , so namely equipment/machinery, and the working capital.

What impact does your business make (to local communities/creating employment/environment/economic development?

My business would address unemployment issues in the community, as well train/empower the youth within the community to become more responsible towards the environment through workshops and obvious improve the economic standing of the socioeconomic development.

How does your business benefit the country of implementation Ghana?

Overall based on the large scale in which l wish to farm and  develop my business to, it would save the national economy a lot on foreign exchange example high importation tax and levies  which currently takes away from areas like health care and education

How does your business benefit the Netherlands?

The Netherlands would benefit from fresh delivery of vegetables as that area would be the second phase of my Farming project. I would foster business relationship with the supermarket here in the Netherlands to which products I can supply them with. This is actually my main goal next to helping the local community.

How is this startup boot camp helping you?

I’m networking greatly with potential entrepreneur who can be partners . It has impacted my life in getting a helicopter view of my business.

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Entrepreneurship by Diaspora 4 Development(ED4D): Promoting and facilitating diaspora entrepreneurship in Ghana and Ethiopia

On September 7th, 2019 we kicked off IOM’s entrepreneurship by diaspora for development with a group of 40 entrepreneurs from Ghana & Ethiopia. The ED4D project aims at encouraging the Ghanaian and Ethiopian diasporas residing in the Netherlands, or Dutch entrepreneurs in partnership with the diaspora, to engage themselves as entrepreneurs for the development of the private sector in Ghana and Ethiopia.

Zidicircle is honored to conduct the training to enable the entrepreneurs harness their business models and become investor ready in order to expand or set up their businesses back home. We believe in initiatives that promote social economic development in both the hosts countries and countries of origin. The ED4D programme is therefore very well aligned with our mission.

Sectors

The entrepreneurs from Ethiopia have businesses in Food processing,  Retail, Manufacturing, E-commerce, IT, Agriculture,  Services, waste management, Food processing Retail and Tourism Sectors.

The entrepreneurs from Ghana have businesses in Agriculture, Education/Tech, Energy, Entertainment, Food processing, Healthcare, Manufacturing, Retail, Sand mining, Services, Solar energy and Waste Management .

Our Resources

We have a large pool of very experienced tutors who are also entrepreneurs. So they blend in their skills with really practical examples from their own experience. For example one of our tutors is a respected mining engineer in the Netherlands- He literally mines ideas our of people:-). We also have business design experts who have helped large multinationals become more innovative, global leadership managers as well as seasoned investment experts. We believe financing a lone cannot grow businesses, but you need the right people with the right skills driving those businesses. That is why we want our entrepreneurs to be well prepared for investments.

What Next?

The training boot camp will end on the 28th September 2019 with a pitch event between 14.00 to 17.00. The entrepreneurs will have gotten all the knowledge and skills. But they need much more; they need partners, they need co-founders, they need Tools like machinery or Technology, and most importantly they need the Funding.

Do you see yourself as a good match to these entrepreneur? Please register by sending an email to info@zidicircle.com. Lets make an impact together!

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The She Side, #ewpn2019

Last week was a very exciting week! I was invited to speak at the European women in Fintech and payments network (EWPN) annual conference and award dinner. My panel discussed funding and alternative lending. I participated in many clinics ranging from leadership, branding, financial inclusion, innovation, eyes on Africa, Technology, customer delivery among others. I was also part of a wonderful award dinner where ZidiCircle was among the startup of the year award nominees- Congratulations to the winners!

Here are my key observations;

#1. Belonging

There was a sense of family during the two days we were at the #EWPN2019. Everybody was jolly and wanted to reach out including the lady who fixed my dress in the ladies. I was just standing by the mirror struggling to fix my belt (which was pulled down by my bike’s wheels. Yes, I know what you are thinking but in the Netherlands, we cycle everywhere, even to global conferences such as this one or to job interviews. So while I struggled to get my belt on the loop, one lady immediately jumped in to fix it, the other walked in and was so disappointed that she didn’t carry her safety pin to fix it, eventually lady number one fixed it -most grateful! This is among the many instances that I observed great women step up and do great deeds because they cared. There was a sense of moving forward. The men were not left behind, I bumped into this gent minutes before the award dinner, and he wanted my opinion about his bow tie. All these instances and many others made it feel at home for everyone, and together we were venturing into deep Waters of ensuring everybody feels included in this fintech revolution. And I mean a revolution because we can’t do without it, and we have a duty to develop impactful infrastructure that will be easily adopted by generations to come.

 #2. Support

It wasn’t surprising that everyone I met wanted to be helpful and supportive even before I explained what it is that I was working on. These highly talented women want to be the solution rather than complain about being excluded from this, missing that promotion or lucking that funding round. They want to create practical solutions using the knowledge, skills, network and all other resources at their disposal.

#3. Sharing

 So I met this wonderful lady, who within 2 minutes of our meeting dug into her emails and was forwarded to me really helpful links in between our talks. I didn’t ask for help, but during our conversation, she identified areas that she could support me and my network. Then I met another in my next interaction and she was very receptive in fixing a call to discuss a partnership. What an inspiration this was. That most of our mindsets were set to give first even before we received, without strings attached, without looking at our achievements or academic credentials. Isn’t this beautiful!

#4. Reaching out

It was easy to pass by two or more conversing women, and they openly asked for help? Asking doesn’t demean us or show a level of weakness. No… it is okay to ask and even if the other party has no direct solution, they can direct you to possible leads. They can say no, or I know of this, or I can introduce you to so and so. That’s the beauty of reaching out. In my personal capacity, this is how I have grown, this is how I have learned, this is how I continue exploiting my full potential.

#5. Freedom

The freedom to choose, the freedom to be who you are without being judged harshly. That’s what most women enjoyed. So many times I overheard a lady telling the other that this is our space to be who we are, to share with the world what we are, to make mistakes. Yes, what is wrong with going on a podium and forgetting your key points because last night the baby was up all night, or because of   jet lag. Every average human being makes mistakes ( even your boss btw). But the difference is dusting up and fixing the situation as soon as possible. Generally speaking, it felt so at home to try the unthinkable. When you are free, when you free your mind, you exploit your full potential, that works for me (Not a bad recipient:-)

#6. Comfort Zone

I know most women felt at home here, especially I did. But what I am talking about is actually moving out of your comfort zone. In the leadership clinic, we were told we have to earn it, we have to go for it, we need to ask. So I observed the body language of most successful women I met, they were going for the Gold, nothing less. When you start talking to them, they know the price and they aren’t afraid to ask, but they also are very quick to tell you how. When I get this I will do this and that, I will solve this, I will deliver this. That’s the mindset that ticks.

#7. Earning it!

Yes! Nothing will be given to us for free as women. We have to earn it. That was the vibes in the air. Whether it’s that promotion or the funding round. We have to demonstrate our capabilities and deliver. Then we can be accountable and demonstrate how it was denied from us. I have made a commitment to work for it, towards it and for it, and when I don’t get it, I will ask why, I will request for feedback. I want accountability moving forward. When somebody out rightly tells me that I cannot get it because I lack flexibility being a wife and mother, I will hold them accountable too, that’s our level playing ground. Especially in these times.

#8. Rocking it!

Yes! They rocked, they had confidence, they spoke out, they were focused, they were easy, they were optimistic, they claimed their space!

I decided to highlight these behavioral skills that I experienced and observed but there were other invaluable lessons both on   innovation, technology and Fintech in general. 

As I concluded my panel discussion I ask us women to take advantage of all those good qualities and our numbers muscle to change the Funding scene. And that’s why I believe in the peer to peer funding model of Zidicircle.

I would like to hear your feedback 🙂 (info@zidicircle.com)

By Fridah Ntarangwi

Founder @ Zidicircle

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