Improving Economies for Stronger Communities (IESC)
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ENGINE’s objective was to increase private sector investment that led to inclusive, broad based economic growth in the Southern Agriculture Growth Corridor of Tanzania (SAGCOT) regions of Mbeya, Morogoro, and Iringa, and in Zanzibar. Applying a market systems development methodology, ENGINE was well placed to help accelerate change and stimulate growth by reforming Local Government Authorities (LGA), energizing business development services (BDS) to help enterprises reach their full potential, and encouraging the uptake of new investment and financial products by small and medium enterprises (SMEs) in agriculture, agribusiness, and ancillary sectors, leading to sustainable economic growth in critical agricultural zones across the mainland of Tanzania and Zanzibar.
Implement policies for growth
Implementing policies for growth by building the capacity of the public and private sectors to review, reform, and implement policies that support business viability, growth, and investment.
Equip businesses for growth
Equipping for growth by building the capacity of business development service providers (BDSPs) and stimulating sustainable market demand for their services among growing micro, small, and medium enterprises (MSMEs).
Access to finance for growth
Financing for growth by helping financial institutions (FI) better respond to the needs of small enterprise clients and providing MSMEs access to services designed to improve their ability to qualify and receive credit.
Tanzania has one of the fastest growing economies in the world. The Enabling Growth Through Investment and Enterprise (ENGINE) program stimulated inclusive, broad-based economic growth through support to the agriculture sector, which makes up a quarter of GDP. The program streamlined the regulatory, informational, and financial channels that encourage domestic and foreign investment in the southern agricultural regions of Mbeya, Morogoro, and Iringa, as well as in Zanzibar.
USAID ENGINE market systems support and integration activities led to significant impact including:
Funder: USAID (A Feed the Future initiative)
Project Duration: 2016-2020
Award: $19 million
See ENGINE’s Final Report here.