Our History
Eight (8) mining engineers decided to challenge the notion that adequate trust cannot amount amongst black people to collectively raise funds for any course they deemed worthy.
In March 2018, they started contributing NAD2,000pm in one of the members bank account (another trust pain point) to avoid delays related to not having a central bank account.
By December 2018, the eight (8) members had raised NAD160,000.
An assessment followed to understand why it was easy to rebuff the “notion” so frequently talked off and how the lessons can be used to pursue a similar approach but at a national and continental level.
The key point was found to be: Total Transparency.
Why Give
In a capitalist system, which is “assumed” to remain the dominant global economic system, two elements are essential: Cash, and Ideas.
Namibia, as is for most African countries, is not short of ideas to resolve their own challenges nor those of the world.
The main hindrance, is the lack of an economy matured and fluid enough to provide patient cash that will allow the entrepreneurs to evolve their ideas until they become economically viable or fail.
This area of financing start-ups must therefore have more players in order for the continent to reap the fruits of its youthful human capital and resolve its economic ruins.
Weighting of SCFN capital invested
40%
Start-ups & SMEs Investment
30%
Innovation & technology Driven Enterprises
20%
Agritech & Manufacturing Driven Enterprises
10%
Capital (Equity) & Fintech Investment DrivenEnterprises
SCFN Investment Areas
Innovation & Technology Investment
- Blockchain technology
- AI, data mining and the internet of things.
- Renewables and storage.
- Smart villages, towns and cities.
Agritech & Manufacturing Investment
- Technology and financial instruments for agriculture.
- Produce, manufacture and add value to what Africans consume.
- Mining, Motor and Aeronautics, Construction industries.
Capital (Equity) & Fintech Investment
- Cater for the unbanked population – Cryptocurrencies.
- Provide capital to medium sized African entities for growth and expansion.
