We, at SAGCOT Centre Ltd, are very excited today with the release of the 2018 SIP Funding Opportunity Announcement in today’s Daily Newspapers across Tanzania. This is a very important opportunity which offers agribusinesses in Tanzania a financial grant to support innovative strategies to generate agricultural growth and poverty alleviation, through building successful partnerships between smallholder communities and agribusiness investors in the SAGCOT Region.
SIP stands for the SAGCOT Investment Project. The SIP Project aims to increase the integration of smallholder farmers into competitive agribusiness value chains to help create the opportunity for technology acquisition, productivity improvement and income growth of farmers.
As part of the process of strengthening smallholder business linkages, SIP funds a Matching Grant Fund (MGF). The Matching Grants Fund (MGF) is a USD 40 Million fund, with a USD 5 million management contract between the SCTF and KPMG, for KPMG- Tanzania to manage the MGF.
This is designed to catalyse investments in the SAGCOT Region through grants in size ranging from a low of USD 250,000 to a maximum ceiling of USD 1.5 Million grants in capital, operational expenditure or technical assistance to improve the productivity of smallholder farmers and link them more effectively into commercial demand and supply market systems.
If you are interested in this funding opportunity please visit the SAGCOT Catalytic Trust Fund for more information.