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IFRS Adoption: A Game Changer for SMEs Seeking Global Investment

IFRS Adoption Critical to Unlocking Global Impact Investments for SMEs in Nigeria and Ghana
Despite a global impact investment pool exceeding $1.16 trillion, as reported by the UK-based Impact Investing Institute, small and medium-sized enterprises (SMEs) in Nigeria and Ghana continue to face significant barriers in accessing these vital funds. This missed opportunity has prompted stakeholders to urge both public and private sector players to take decisive steps toward developing more investment-ready businesses.
At a high-level roundtable held in Lagos, Nigeria—part of the 2025 Africa Impact Summit Study Tour and hosted by the Impact Investors Foundation Nigeria (IIF)—key stakeholders from across Africa and beyond gathered to explore trade and investment opportunities, relevant policies, and strategies for strengthening the continent’s impact investment landscape.
Transparency and Global Standards Key to Accessing Capital
A recurring theme among experts at the event was the critical importance of financial transparency and alignment with global standards—particularly the International Financial Reporting Standards (IFRS). The lack of adherence to such standards and the scarcity of investment-ready SMEs were identified as major constraints preventing Nigerian businesses from securing international funding.
Ms. Etemore Glover, CEO of IIF, emphasized the urgency of building capacity among local enterprises. “By 2030, IFRS compliance won’t be optional—it will be mandatory. Enterprise Support Providers must begin preparing businesses now for this shift,” she said.
Glover also highlighted the transformative potential of domestic pension funds in bridging the SME financing gap. “These funds represent a substantial source of patient capital. When strategically directed, they could revolutionize SME financing and fuel sustainable economic growth,” she added.
Strengthening Africa’s Investment Ecosystem
Ms. Tenemba Anna Samaké, CEO of MBC Africa and founder of Subiz Cooperative Credit Union, echoed the call for robust efforts to bolster Africa’s impact investment ecosystem. She advocated for strengthening local financial institutions, fostering innovation, and unlocking new sources of capital—particularly for rural entrepreneurs.
During a fireside chat, Elizabeth Boggs Davidsen, CEO of GSG Impact, shared her organization’s efforts to expand its global reach. She announced GSG’s collaboration with the Japanese government to develop impact investment ecosystems in six African countries: Ghana, Côte d’Ivoire, Senegal, Ethiopia, Zambia, and Burkina Faso.
“Our mission is to dismantle the barriers to impact investing, build inclusive financial systems, and create sustainable opportunities for SMEs,” she said, noting GSG’s continued commitment to supporting Nigeria and other African nations in building the infrastructure and incentives needed to attract impact capital.
GSG Impact’s Market Development Manager, Atieno Otonglo, reinforced the need to mobilize large-scale capital to drive meaningful development across the continent. She stressed the importance of innovative investment structures and increased regional collaboration.
Innovative Financing and Standardized Measurement Tools
Ibukun Awosika, Vice Chair of the Global Steering Group for Impact Investment, urged enterprise support organizations to move beyond traditional funding models. “To achieve sustainable development goals, we must adopt creative financing approaches that appeal to a broader spectrum of investors committed to real impact,” she advised.
Frank Aigbogun, Chair of IIF’s Board of Trustees and Publisher of BusinessDay, added that standardized frameworks for measuring impact are essential to scale up investment across Africa.
Throughout the roundtable, participants consistently identified transparency, robust impact measurement systems, and blended finance strategies as crucial elements in unlocking the full potential of impact capital on the continent.
Looking Ahead: Africa Impact Summit 2025
The main event, the 2025 Africa Impact Summit, will take place from June 11 to 13 at the Kempinski Hotel in Accra, Ghana. With the theme “Transforming Systems: Redefining Impact for Real Change in Africa,” the summit is being organized in partnership with Impact Investing Ghana, Impact Investors Foundation Nigeria, and the Africa Impact Investing Group.
The summit aims to accelerate regional collaboration and deepen dialogue around the future of impact investing in Africa. It will convene national partners and task forces from Ghana, Nigeria, South Africa, Zambia, Kenya, Egypt, Senegal, Côte d’Ivoire, Mauritius, and Burkina Faso, under the leadership of GSG Impact.
news
Heifer International Urges Stronger Local Partnerships to Drive Agricultural Transformation in Africa

Heifer International Calls for Stronger Local Partnerships to Transform Agriculture in Africa
At the Africa Food Systems Forum in Dakar, Heifer International urged governments, donors, investors, and development partners to strengthen their commitment to local partnerships as a way to accelerate agricultural transformation across the continent. The organization stressed that collaboration among governments, smallholder farmers, youth innovators, cooperatives, the private sector, and development actors is key to building resilient food systems and sustainable rural prosperity.
Agriculture employs nearly two-thirds of Africa’s workforce, yet the sector receives less than 4% of commercial lending. According to the African Development Bank, the financing gap stands at $80 billion annually. Smallholder farmers and agri-SMEs—who produce up to 70% of Africa’s food—continue to face limited access to credit, weak infrastructure, and high borrowing costs. Bridging this gap, Heifer noted, requires not only new financial resources but also smarter, farmer-centered partnerships.
The organization highlighted the critical role of grants and philanthropic funding in agricultural development. When aligned with local realities and effective partnerships, such funding can catalyze innovation, unlock private investment, and provide flexibility for youth-led enterprises to test and scale solutions in real farming environments.
“The future of African agriculture will be built on strong partnerships and funding that helps innovations move from ideas to scale,” said Surita Sandosham, President and CEO of Heifer International. “Philanthropic support is essential, and by working alongside governments, cooperatives, and the private sector, we can ensure these funds go further in strengthening local food systems.”
Driving Impact Through Innovation
Heifer showcased several initiatives demonstrating how this approach delivers results:
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AYuTe NextGen (Agriculture, Youth, and Technology Next Generation): A flagship program supporting young innovators and agri-tech solutions that address key challenges for smallholder farmers.
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Nigeria: Partnership with Hello Tractor has enabled more than 20,000 farmers to access affordable mechanization services, boosting productivity.
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Uganda: Youth-led start-ups supported under AYuTe NextGen have expanded mobile-based livestock health and crop advisory services, attracting private investment.
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Kenya and Rwanda: Partnerships with dairy cooperatives have reduced milk spoilage by up to 30%, raising farmer incomes and making the sector more competitive.
According to Adesuwa Ifedi, Senior Vice President for Africa Programs at Heifer International, these successes show the power of locally-led collaboration:
“Farmers must be treated as business partners, young innovators need opportunities to prove their models, and finance must be structured to share risks fairly. Above all, partnerships rooted in local realities create the trust and resilience needed for long-term growth.”
Inclusion at the Core
Heifer emphasized that women and youth—who form a large share of Africa’s farming and agribusiness workforce—must be central to agricultural transformation. With Africa’s median age at 19 and women making up nearly half of the agricultural workforce, inclusive partnerships are crucial to expanding access to land, finance, and markets.
Regional frameworks such as the Comprehensive Africa Agriculture Development Programme (CAADP) call for over $100 billion in agri-food investment, with 30% of opportunities dedicated to women and youth. Heifer’s work illustrates how these commitments can be turned into tangible, community-driven action.
Speaking on behalf of AYuTe NextGen winners, Carolyne Mwangi, CEO of Kenya-based Kimplanter Seedlings and Nurseries, reinforced the message:
“Across Africa, young entrepreneurs are delivering solutions—from mechanization services to cold-chain logistics. What they need are partners who understand farming realities and who can connect them to markets. This is how resilience and growth are built.”
A Call to Action
Heifer concluded that lasting change in African agriculture requires moving beyond fragmented, short-term interventions toward systems that bring farmers, governments, investors, and development partners together. With stronger local partnerships and inclusive support, smallholder farmers can grow their incomes, investors can discover viable opportunities, and countries can strengthen food security for their growing populations.
jobs
Operations Manager – Power Plant at Dangote Group

About Dangote Group
Dangote Group is one of Nigeria’s most diversified business conglomerates, renowned for its excellent business practices and commitment to quality products. With its operational headquarters in Lagos, the Group has built a strong reputation across West Africa.
Job Vacancy: Power Plant Operations Manager
Location: Obajana, Kogi State
Company: Dangote Cement Plc
Job Summary
We are seeking an experienced Power Plant Operations Manager to oversee and support general shift activities at our power plant. The successful candidate will assist the Sectional Head (Operations) in ensuring optimal plant performance, adherence to safety standards, and uninterrupted power supply for cement operations.
Key Responsibilities
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Supervise general shift activities to ensure plant performance and safety compliance.
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Organize and monitor scheduled testing of firefighting systems, including documentation updates.
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Ensure equipment health and maintain pending job lists for planning and execution.
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Support staff in managing emergencies effectively and safely.
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Prepare and maintain accurate production reports and plant records.
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Manage housekeeping, safety, and environmental activities in the plant.
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Develop and implement SOPs; conduct in-house training programs for field staff.
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Provide training to improve staff skills, minimize downtime, and ensure smooth operations.
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Assist in preparing SOPs for critical activities in collaboration with the Section Head.
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Post production data accurately into SAP.
Requirements
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Bachelor’s Degree or Diploma in Mechanical, Electrical, or Chemical Engineering (or equivalent).
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Minimum of 15 years’ experience in gas-based power plant operations.
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Strong analytical and problem-solving skills.
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Creativity and ability to think innovatively.
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Proficiency in office productivity tools and SAP for production reporting.
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Deep knowledge of power plant systems and their interactions.
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Excellent communication, teamwork, and interpersonal skills.
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Strong data analysis and reporting abilities.
Benefits
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Private Health Insurance
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Paid Time Off
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Training & Development Opportunities
How to Apply
Interested and qualified candidates should Click Here to Apply.
news
Apply Now: Youth Ecopreneur Programme 2025 – Win USD 1,000 in Funding

Youth Ecopreneur Programme 2025 – Call for Applications
The International Trade Centre (ITC), in collaboration with the G20 Global Land Initiative and UNCCD, is inviting applications from young entrepreneurs under 35 for the Youth Ecopreneur Programme (YECO). This initiative supports youth-led green and circular economy businesses and land restoration solutions by offering training, mentorship, global networking, and investment readiness support.
Eligibility Criteria
To qualify, businesses must be:
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Founded and led by youth under 35 (Founder, Co-Founder, or CEO).
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Legally registered and operating under one of the following tracks:
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Land Restoration (e.g., reforestation, soil rehabilitation).
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Green & Circular Economy (e.g., renewable energy, waste innovation).
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Strongly encouraged to apply:
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Female entrepreneurs.
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Founders from LDCs, SIDS, and landlocked countries.
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Persons with disabilities and other underrepresented groups.
Funding & Support
Selected participants will receive:
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Equity-free seed funding of up to USD 100,000 (Land Restoration track).
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Legal and IP support.
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Tailored mentorship and capacity building.
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Visibility on global platforms.
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Winners of the Youth Ecopreneur Awards will also receive USD 10,000 each.
Before You Apply
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Application takes 30–40 minutes to complete.
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Have the following ready: Passport, Business Certificate, Pitch Deck.
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Application must be completed in one sitting.
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Review the application questions beforehand [here].
Fast-Track Option
If your business is beyond the early startup phase and ready to scale, you may apply for the Fast Track, which allows you to skip the 10-week Bootcamp and move directly to the Accelerator stage.
To qualify, your business must have:
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Proven market traction.
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Consistent revenue or a clear path to profitability.
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A scalable model and a full-time committed team.
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Be investment-ready.
Applicants must upload a short motivational video. Shortlisted candidates will be invited to a 15-minute interview during the week of September 14th.
Only businesses registered in developing countries are eligible. [View the list of eligible countries here].
Deadline: [Insert deadline if available]
[Click Here to Apply]
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