Tanzania has one of the fastest growing economies in the world. With nearly 70 percent of the country’s labor force and a quarter of its GDP tied to agriculture, the U.S. government recognizes the high potential of stimulating inclusive, broad-based economic growth through support to the sector. The Enabling Growth through Investment and Enterprise Program is a four-year USAID-funded Feed the Future activity awarded through the Volunteers for Economic Growth Alliance (VEGA). The program seeks to streamline many of the regulatory, informational, and financial channels that encourage domestic and foreign investment in the southern agricultural regions of Mbeya, Morogoro, and Iringa, as well as in Zanzibar.
Implemented by the International Executive Service Corps (IESC), the program’s focus is at the district level, using a broad-based approach that works with local government authorities, private sector associations, business development services providers, financial institutions, and micro, small, and medium-sized enterprises (SMEs). Activities are divided into three components:
- Implement policies for growth. Build the capacity of the private sector to effectively dialogue with the government to set the policy agenda and improve the capacity of the public sector to implement policies.
- Equip businesses for growth. Strengthen SME capacity and create greater demand for business development services (BDS) while increasing the sustainability of firms that deliver BDS.
- Access to finance for growth. Broaden access to finance for SMEs, specifically women and youth entrepreneurs, to facilitate increased investment and growth.
As a key aspect of the technical approach, VEGA, IESC and its partners will deploy a skilled cadre of volunteers with extensive U.S. and international private sector experience. These volunteer experts will assume a variety of technical assignments in Tanzania as embedded policy advisors, information technology specialists and in other needed skill areas.