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

Committed investment
Primary value chain focus
Committed investment
Primary value chain focus

Expected impact

Jobs created / maintained
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
Africado - Debt / Equity & Technical assistance2019
Equity For Tanzania Limited (EFTA) $5,000,000Debt / Equity2015
Lungu Limited $320,000Debt / Equity2013
Pee Pee Tanzania Limited (PPTL) $5,000,000Debt / Equity2020