RENEW Strategies

Amidst the Crisis, Find Some Help For Your Company

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Dagmawit Shiferaw
| May 18, 2020

Are you an entrepreneur, executive of a company or business owner struggling to figure out how to navigate these uncertain times? Maybe angel Investors can help. The Exchange, RENEW's angel and early-stage SME investment platform supported by Global Affairs Canada, is a pioneer of angel investing in East Africa. The Exchange manages investments from RENEW's Impact Angel Network, which is the largest North American-based angel network dedicated to investing in Africa and one of the most active SME investors in Ethiopia. The Exchange also helped launch the popular T.V. program, Chigign 'Tobiya, which is building local angel networks and inspiring entrepreneurship across Ethiopia. Amidst this crisis, The Exchange will be running a series of virtual trainings to help business owners, managers, and entrepreneurs learn how to find, attract and utilize capital to weather this economic crisis.

We are constantly working to support our pipeline and portfolio companies to be creative and persevere during these challenging times. We are helping them repurpose assets, pivot operations, and establish new partnerships with other companies in our portfolio and our network. We financed a team of dVentus engineers to create a ventilator prototype; helped Travel Ethiopia repurpose its vehicles to enable Deliver Addis to scale up its food delivery fleet; launched a new home healthcare service with EAES and Tebita for elderly patients reluctant to go to the hospital, and we are exploring whether Sadura can make hand sanitizer.

We are also creating platforms for the wider business community to provide resources, tools, and encouragement for businesses to press forward. RENEW has launched a channel on Telegram to help you get your head in the game. Join @OrangeBusinessNetwork on Telegram today and let’s get to work.

We have taken The Exchange, the training and acceleration wing of our operation, virtual and redesigned our training to provide companies with the right set of tools to survive during this time.

Coming up, we have the following free virtual trainings scheduled, click on the links to register:

  1. Webinar: How Should You Be Responding as a Business Owner in the Age of COVID?
    Date: Please check back for a future date.
    Time: TBD

    Register: Interested in participating in an upcoming workshop?
    Please email RENEW and we'll let you know when the next date is announced.

  2. Webinar: Where is the Money For My Company and How Do I Get It?
    Date: June 9, 2020
    Time: 2 PM EAT
    Register: LINK
  3. Webinar: What is the ET Gov. Economic Response to COVID?
    Date: June 25, 2020
    Time: 2 PM EAT
    Register: LINK
  4. Webinar: After the Lockdown: Uganda's Legal and Economic Response to COVID-19 and What You Need to Know
    Date: July 2, 2020
    Time: 2 PM EAT
    Register: LINK
  5. Webinar: Private Equity and How to Find Cash for Your Business
    Date: July 14, 2020
    Time: 2 PM EAT
    Register: LINK

Women in Finance Series: The Women in Finance Series has gone virtual! Women in Finance is a quarterly event hosted by RENEW. The next event will be June 18, 2020 @ 4 PM Contact us if you are interested in attending.

If you are looking for a partner or just someone to help you navigate the waters ahead, please contact us at renew@renewstrategies.com.

To find out more about RENEW or the IAN, contact us at renew@renewstrategies.com, follow us on Twitter @RENEWLLC, find us on Instagram @impactangelnetwork and follow us on Telegram @OrangeBusinessNetwork. Be sure to check out our upcoming virtual seminars: LINK