Dar es Salaam/Geneva - 14 June 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 .  

For more information contact: 

Sawiche Wamunza, UNDP Tanzania: sawiche.wamunza@undp.org  

Alexa Haden, UNDP Tanzania: alexa.haden@undp.org  

Sarah Bel, UNDP Geneva: sarah.bel@undp.org