UNDP to identify Top 10 Tanzanian Entrepreneurs “doing good and doing well”
Posted June 27, 2022
UNDP Tanzania is launching a Call for Nominations for the 2022 Growth Stage Impact Ventures (GSIV) programme for Tanzania. The programme aims to identify enterprises that have developed at-scale products and services focusing on the following sectors Food & Agriculture, Renewable Resources and Alternative Energy, Infrastructure, Education and Services and contributing to generate social and environmental impact while achieving commercial success and representing an interesting investment opportunity for African and foreign investors.
All players active in the impact investing ecosystem with a solid understanding of the Tanzanian market, including impact investors, philanthropists, accelerators, government led organizations and more, can nominate enterprises for this call. Eligible enterprises should operate in one of the following sectors outlined in the Tanzania SDG Investor Maps, a market intelligence tool which seeks to direct capital where policy priorities, SDG priorities, and investment opportunity converge: Food & Agriculture, Renewable Resources and Alternative Energy, Infrastructure, Education and Services.
“Strengthening the impact investing ecosystem, supply and demand alike, is a key aspect of the strategy to achieve Tanzania development priorities under its Five Years Development Plan. This call (GSIV) contributes to identify and aggregate a bankable pipeline and can funnel new sources of SDG aligned funding to Tanzania" noted Emmanuel Nnko, Programme Specialist and Head of Inclusive Growth Pillar at UNDP Tanzania.
Nominated ventures will go through a thorough selection process and the top 10 finalists will benefit from a capacity building programme to boost their ability to contribute to the SDGs, enhance their investment readiness, and communicate their intended impact to an SDG-aligned investor profile. They will also be invited to pitch their solutions at UNDP Tanzania Investor Convening, in November 2022 to the investor community and discuss partnerships and investment opportunities. Furthermore, they will benefit from global exposure through the UNDP footprint.
Fabienne Michaux, Director, UNDP SDG Impact, added, “The Growth Stage Impact Ventures (GSIV) programme is a fantastic initiative to crowd-in those companies that are leading with sustainability at the centre of their operations. This, coupled with the Tanzania SDG Investor Map that has identified the SDG-enabling sectors which the nominees will come from, serves to strengthen Tanzania’s sustainable development plan. We look forward to meeting the finalists at the end of the rigorous selection process where they will be invited to attend training sessions on the SDG Impact Standards -- the independent, global management standards that integrates the impact on sustainability into the core of business and investment decisions”.
The GSIV programme is part of UNDP’s wider work in Tanzania to support inclusive economic growth and promote the scale up of enterprises committed to create long lasting impact. In addition to the GSIV programme, UNDP Tanzania aims to identify early-stage impact ventures to provide them with financial support through the FUNGUO Innovation Programme .
Sawiche Wamunza, UNDP Tanzania: email@example.com
Alexa Haden, UNDP Tanzania: firstname.lastname@example.org
Sarah Bel, UNDP Geneva: email@example.com
The Growth Stage Impact Ventures (GSIV) programme was established in 2019 to identify through a highly competitive process enterprise from developing countries that have developed at-scale products and services that contribute to the SDGs while achieving commercial success. Ventures are selected in alignment to the SDG Investor Map of a given country, resulting in both a set of sectors and areas for investment and concrete projects ready for investment and partnerships. By showcasing and supporting these ventures, UNDP aims to bring forward evidence of the existence of pipelines of investable ventures that can advance the transition to SDG-aligned investment in developing countries.
UNDP is the UN’s global development network, advocating for change and connecting countries to knowledge, experience, and resources to help build better life. UNDP started its operations in Tanzania after signing of Standard Basic Assistance Agreement (SBAA) with the Government on 30th May 1978. The overall focus for UNDP Tanzania is to support the Government of Tanzania to improve lives of the people through strategic programmatic areas of inclusive democratic governance, inclusive economic growth and sustainable livelihoods and environment sustainability, climate change and resilience.
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UNDP SDG Impact is a flagship initiative of the UNDP Sustainable Finance Hub, working to accelerate private sector contributions towards the achievement of the Sustainable Development Goals (SDGs) by 2030. Its objective is to guide businesses and investors embed sustainability at the core of management decisions and direct capital to where it can make the most difference to people and planet through the SDG Impact Standards and SDG Investor Maps. For more information visit: www.sdgimpact.undp.org and www.sdginvestorplatform.undp.org
The Tanzania SDG Investor Map has been created under the leadership of the Prime Minister’s Office (PMO- Investment ), the Ministry of Industry, Investment and Trade(MIIT) and Ministry of Finance and Planning(MOFP) and the Tanzania Investment Centre (TIC), with technical support from UNDP Tanzania in collaboration with the UN Capital Development Fund (UNCDF) using UNDP SDG Impact's methodology.