Enabling Growth Through Investment and Enterprise
Activities And Approaches
At the core of the program’s approach to economic growth are micro-, small, and medium enterprises, or SMEs. The focus is at the district level, engaging local governments, private sector associations, business development services providers, and financial institutions to strengthen and catalyze the growth of SMEs.
Implement policies for growth
Support the private sector to effectively dialogue with the government to guide the policy agenda and improve the government’s ability to implement policies.
Equip businesses for growth
Strengthen SME business capabilities by connecting them with qualified, sustainable providers of business development services (e.g. marketing, business planning)–and in the process increasing market demand for these services.
Access to finance for growth
Broaden access to finance for SMEs, specifically businesses owned by women and youth.
Summary
Tanzania has one of the fastest growing economies in the world. This program stimulates inclusive, broad-based economic growth through support to the agriculture sector, which makes up a quarter of GDP. The program seeks to streamline 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.
Results
- +15% increase in revenue at SMEs receiving business services from providers assisted by the program
- 200 policy reform recommendations
- $6.6 million in loans to businesses owned by women and youth
Funder: USAID (A Feed the Future initiative)
Administrator: Volunteers for Economic Growth Alliance
Project Duration: 2016-2020
Award: $19 million
Impact
