Tanzanian Entrepreneurs to Benefit From New Program

Keywords:
Basic Business Plan

The Tanzania Private Sector Foundation (TPSF) yesterday launched a Sh10 billion business development gateway (BDG) project that will empower local entrepreneurs.

The project manager, Mr Willen van der Veer, told reporters that two components of the project -- national business plan competition and national business diagnostic programme, would benefit small scale enterprises (SMEs) with innovative business ideas by providing them with training and mentoring.

"In business plan competition, more than 600 winners will be granted cash grants ranging from $2,500 to $15,000," he said.

The funds would enable them invest in their businesses, such as seed capital, he explained.