Arise First Operations Report 2017 | Affordable finance in Africa
We at KINA strongly believe that access to affordable finance for SMEs is a critical factor for broad and inclusive economic growth and development in any country. We are particularly passionate about seeing such growth in the emerging economies of Africa
We are therefore pleased to share Arise’s first Operations Report 2017. A leading African investment company, Arise invests in and partners with sustainable locally-owned financial services providers in Sub-Saharan Africa who are looking for long-capital without losing their independence.
The report highlights Arise’s successes during the period 1 January through 31 December 2017. A marked achievement is that the financial institutions Arise has invested in have cumulatively provided over one million loans facilities to businesses across the African continent, resulting in the creation of over 12,400 permanent jobs – more than 45% of which are run by women.
Such growth, even with the best financial support, will only be truly sustainable and long-lasting with the right environmental, social and governance (ESG) structures in place. ESG considerations are significant in Arise’s investment strategy and decision-making process. In addition, the firm works with its investee companies to establish appropriate ESG standards and systems.
KINA’s support for the work Arise does in the African financial sector is evidenced by the fact that its Managing Director, Rosalind Kainyah, serves as Arise’s nominated Non-Executive Director on the Board of Cal Bank, Ghana – one of Arise’s investee companies.