Equity For Tanzania Limited (EFTA)

Tanzanian finance company, which provides SME businesses with equipment leases in local currency without the need for collateral.

Investment information

$5,000,000
Committed investment
$5,000,000
Investment made
Financials
Primary value chain focus
Committed investment
Investment made
Primary value chain focus

Expected impact

2,000

Jobs created / maintained

$2,500,000
Total annual income for employees

Jobs created / maintained

Total annual income for employees

Our role

AgDevCo has invested $5,000,000 in EFTA to provide funding for its next expansion phase. AgDevCo’s investment is split between equity, to strengthen EFTA’s balance sheet and provide core capital, and debt, which is required to provide EFTA’s financial leases. AgDevCo will also look to support EFTA’s future growth, which will involve raising further debt finance for the business.

Smart investment and support
Funding for the future
AgDevCo's key achievement has been to secure core funding, which enabled EFTA to be fully regulated by the Bank of Tanzania. With EFTA's strengthening balance sheet, further funding is expected to be catalysed. At an operational level, access to equipment has led to a substantial increase in mechanisation and productivity, and over 4,000 jobs have been created.

Our investments in Tanzania

Investment Total invested Investment type Start date
East Africa Fruits Farm & Company Limited $400,000 Debt / Equity 2015
Equity For Tanzania Limited (EFTA) $5,000,000 Debt / Equity 2015
Kilombero Plantations Limited (KPL) $9,370,000 Debt / Equity 2014
Kingchick Poultry $255,000 Debt / Equity 2017
Lungu Limited $320,000 Debt / Equity 2013
Ndoto Farms Limited $90,000 Debt / Equity 2013
Rungwe Avocado Company (RAC) $2,130,000 Debt / Equity & Technical assistance 2014
Sasumua Holdings Limited $2,340,000 Debt / Equity 2012
Suma Hydro Power Project $2,505,000 Debt / Equity 2016
Wakulima Tea Company (WTC) - Technical assistance 2016