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Endeavor Global Board Member Arif Naqvi Honored by Peace Organization

Arif Naqvi, Endeavor Global Board Member and Founder of The Abraaj Group, a leading private equity firm that invests in growth markets throughout Asia, Middle East, Africa, Turkey, Central Asia, and Latin America, was named the 2013 Oslo Business for Peace Honoree. The Oslo Business for Peace Award is the highest form of recognition given to individual business leaders for fostering peace and stability through creating shared value between business and society.

Naqvi’s work in promoting responsible business practices by looking at the stakeholder, rather than exclusively the shareholder, is pioneering in the private equity industry, and The Abraaj Group devotes the time of its employees and resources to mentoring social, cultural and economic entrepreneurs. Abraaj and its employees have developed an important partnership with Endeavor over the past three years supporting dozens of entrepreneurs as well as Endeavor’s affiliate expansion throughout MENA and Southeast Asia.

Endeavor Mexico’s Fairtrasa Expands in Europe


Last week, Endeavor Mexico company, Fairtrasa, which produces and distributes high-quality organic and fair trade fruits and vegetables, acquired an established organic trading company in Holland to increase its sales in Europe.

With this acquisition, Fairtrasa is becoming a leading organic and fair trade fruit supplier in the European market. This will enable it to keep growing its farmer network and increase its economic and social impact. The company will now be called Fairtrasa Holland B.V.

 

 

Register TODAY for the 2013 Endeavor Entrepreneur Summit in San Francisco

Registration the 2013 Endeavor Entrepreneur Summit, taking place this June 19–21 in San Francisco, is now open.

The biennial Summit is a two-and-half day, invitation-only conference around High-Impact Entrepreneurship.

Since 1997, Endeavor’s entrepreneurs have not only become among the most impactful players in their markets, but also have started to assume the role of mentor, investor, and board member within and beyond Endeavor’s network. This Summit’s theme, “Of, By, and For Entrepreneurs,” is a tribute to, and examination of, the high-impact entrepreneur’s many roles to play in his or her ecosystem.

Expect inspiring keynote speakers from a variety of industries, interactive workshops, and networking dinners. Entrepreneurs will refine the tools needed to propel their companies to the next level. Endeavor Board Members, mentors, and partners will meet some of the most exciting entrepreneurs from growth markets around the world.

This is, quite simply, a not-to-be missed event!

Early bird prices for Endeavor Entrepreneurs and Endeavor network members are available until Monday, April 15.

To purchase a ticket for the 2013 Endeavor Summit, please click here.

 

Endeavor to Launch a New Country Affiliate in Morocco Focused on High-Impact Entrepreneurship

To read the Business Wire press release on Endeavor’s launch in Morocco, please click here.

Endeavor announced today that it will launch a new affiliate office in Morocco, expanding its efforts to select and service high-impact entrepreneurs across the Middle East.

The affiliate is being launched with the support of the United States Agency for International Development in Morocco, which has provided a grant to launch Endeavor Morocco through its Morocco Economic Competitiveness (MEC) program with the aim of advancing youth entrepreneurship. Additional support for the launch has come from the Citi Foundation EMEA.

This will be Endeavor’s sixth affiliate in the Middle East, North Africa (MENA) region, following successful launches over the past six years in Turkey, Egypt, Jordan, Lebanon and Saudi Arabia. Endeavor has already selected 131 entrepreneurs representing 73 companies in the MENA region and provides these entrepreneurs a range of services including mentoring, access to key networks and introductions to sources of smart capital.

All Endeavor affiliates are spearheaded by a local board of leading business people who share the organization’s vision for screening and selecting entrepreneurs and then providing them guidance to scale their businesses.

The Endeavor Morocco founding board will be chaired by Moulay Hafid Elalamy, President, SAHAM Group. Moulay Hafid Elalamy will be joined on the board by Hicham Berrada, Co-President, Palmeraie Holding; Mohamed El Mandjra, CEO, Meditel; Said Ibrahimi, CEO, Casablanca Finance City; Majid Iraqui, CEO, Jlec; Alami Lazraq, CEO, Alliances; Walter Siouffi, CEO, Citibank Maghreb and Mostafa Terrab, CEO and Chairman, OCP Group.

The board will be joined by an Advisory council of Moroccan business executives including Khalil Azzouzi, General Manager, DAYAM Fund; Ismail Douiri, Director General, Attijariwafa; William Fellows, Advisor, SME and Entrepreneurship Development; Amine Guennoun, General Manager, Residences Dar Saada; Anas Guennoun, Director General, Abraaj Capital Morocco; Khalil Jai Hokimi, Advisor to the CEO, OCP; Mamoun Marrakchi, Founder and CEO, Offset Polyplast and Brahim Slaoui, Director General, Mafoder.

The board nominated Amine Hazzaz to serve as the first Managing Director, overseeing the successful launch of Endeavor Morocco. Mr. Hazzaz has an extensive background in corporate strategy and business development in start-ups and multinationals in Morocco, North America and Japan. His first responsibilities include selecting, mentoring, and catalyzing the first Endeavor Entrepreneur candidates in Morocco in order to magnify their influence throughout the country.

“Morocco is at a critical stage of its economic development and Endeavor will be a big contributor,” said board chair Moulay Hafid Elalamy. “Entrepreneurship will be an increasingly important way to meet young Moroccans’ aspirations for jobs and opportunities.”

“Through our work with high-impact entrepreneurs in the MENA region, we hope to inspire a culture of entrepreneurship, leading to innovation as well as job and wealth generation,” said Endeavor Co-founder & CEO Linda Rottenberg. “We’re very excited by the enormous opportunities to build entrepreneurship in Morocco and the Maghreb.”

 

About Endeavor

Endeavor breaks down barriers that prevent emerging-market entrepreneurs from reaching their high-impact potential. Hailed by NYT columnist Thomas Friedman as the “mentor capitalist” model and “the best anti-poverty program of all,” Endeavor identifies entrepreneurs leading high-growth innovative companies in emerging markets. These entrepreneurs are given world-class strategic advice, access to key networks and other tools that will catapult them to success. With Endeavor’s guidance they become “high-impact” – expanding employment, generating wealth and inspiring others to innovate. Often overlooked, these local entrepreneurs are now jumpstarting private sector development in their countries.

At year-end 2011, Endeavor Entrepreneurs throughout Latin America, South Africa, Turkey, Egypt, Jordan and Lebanon had created more than 200,000 jobs and generated over $5 billion in revenues. In 2012 Endeavor expanded operations to include new affiliates in Saudi Arabia, Indonesia and Greece. For more information, visit www.endeavor.org.

 

About USAID-Morocco, MEC Program

USAID-Morocco is supporting the launch of Endeavor Morocco through the MEC program’s grant initiative. MEC is helping establish a more competitive business climate in Morocco – work that includes strengthening entrepreneurship promotion that targets high potential entrepreneurs. MEC is improving the business climate in Morocco and helping link smallholder farmers to agro-processing companies that MEC is helping to find new markets in Morocco and overseas. The initiatives are creating job opportunities and ameliorating employment conditions in both rural and urban areas.

 

Further Information:
For more information on Endeavor Morocco, please contact Amine Hazzaz at amine.hazzaz@endeavor.org. For further details on Endeavor Global and Endeavor’s entire portfolio of High-Impact Entrepreneurs please contact david.wachtel@endeavor.org (SVP, Marketing & Communications) or Joanna.harries@endeavor.org (Director of International Expansion).

 

eMBA Alumni Gather Over Wine and Cheese for Reunion in NYC

Alumni of Endeavor’s eMBA Program – which places business school students at Endeavor companies worldwide – mingled at Moore Bros. Wine Co. to network and exchange stories of their educational experiences overseas. Here are short interviews of some of the attendees:

 

 

Join the movement of innovative job creators

CLICK HERE to read the full Endeavor Insight, Omidyar Network, and Aspen Network of Development Entrepreneurs’ report, “Why Becoming Large Matters: How scalable, high-growth entrepreneurs can help solve the jobs crisis” or use the interactive Job Creation Calculator.  

The world needs to create more than 500 million new jobs by 2020 to provide career opportunities for the currently unemployed as well as young people who will be joining the workforce. SMEs which grow into large businesses are uniquely capable of quickly scaling and, relative to microenterprises and un-scalable SMEs, growing SMEs are most critical to meaningful job creation, especially in developing countries. By supporting and investing in scalable SMEs, policy makers, business leaders and development works can help fight the jobs crisis.

Many innovative organizations are working towards this goal, include Aspen Network of Development Entrepreneurs (ANDE) members Endeavor, Omidyar Network, Acumen Fund, Ignia, SEAF, and New Ventures. These organizations are investing resources and providing much needed support to entrepreneurs all over the world.

Globant (Endeavor company in Argentina): Globant’s four founders transformed a self-staffed IT outsourcing shop into a company of more than 2,800 employees that is putting Buenos Aires on the tech map. Globant is one of Latin America’s fastest growing independent software product development companies and the leader of a new sector in Argentina.

Ziqitza Healthcare (Acumen Fund portfolio company in India): Ziqitza Health Care Limited (ZHL) is the first private ambulance company in India that provides service for all, regardless of income, and is one of just three organized operators in the country. In 2007, the company had 10 ambulances in Mumbai. Today, it has more than 870 Ambulances across Mumbai, Kerala, Bihar, Rajasthan, and Punjab.

Versé (Omidyar Network Portfolio company in India): Versé offers a suite of mobile classifieds products that allows people of all socio-economic classes in India and other emerging economies to engage and access important information that can help them improve their lives. Versé facilitates deeper connections between people, their needs, and new opportunities through services such as: SMS-alerts, a Hindi language option, zero-cost USSD sessions, and customized information searches powered by online and print media partners.

To learn more about these and other fast-growing, job-creating companies read the full Endeavor Insight Report here or experiment with the interactive Job Creation Calculator here.

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