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Tanzania Tagged Articles
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6.0 References: Microfinance in Africa - Experience and Lessons from Selected African Countries
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| References |
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1.0 Introduction: Microfinance in Africa - Experience and Lessons from Selected African Countries
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| Small enterprises and most of the poor population in sub-Saharan Africa have very limited
access to deposit and credit facilities and other financial services provided by formal
financial institutions. For example, in Ghana and Tanzania, only about 5–6 percent of the
population has access to the banking sector. This lack of access to financial services from the
formal financial system is quite striking, when one considers that in many African countries
the poor represent the largest share of the population and that the informal sector is an
important part of the economy. |
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17.0 References: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| References |
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15.0 The state of research on women in MSES in Tanzania: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| There is more available research on women entrepreneurs in Tanzania than in
Ethiopia and Kenya. One of the major reasons for this is the presence of the
Entrepreneurship Centre at the University of Dar es Salaam (UDEC). |
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15.0 The state of research on women in MSES in Tanzania: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| There is more available research on women entrepreneurs in Tanzania than in
Ethiopia and Kenya. One of the major reasons for this is the presence of the
Entrepreneurship Centre at the University of Dar es Salaam (UDEC). |
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14.2 Recommended actions – women entrepreneurs’ associations: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| (i) Build capacity of women entrepreneurs’ associations through ILO’s WEDGETanzania
project
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14.2 Recommended actions – women entrepreneurs’ associations: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| (i) Build capacity of women entrepreneurs’ associations through ILO’s WEDGETanzania
project
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14.0 Women entrepreneurs’ associations and capacity-building: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| There are over 30 business associations in Tanzania, seven of which are identified
as being representative of SMEs (MIT, 2002). Only four of the total are oriented towards
women members. |
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11.0 Business support and information: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| The state of BDS provision in Tanzania is not well known. A 2003 SME-Mapping
of Tanzania report concluded that existing BDS services are generally designed and
financially supported by donors for the micro-enterprise market (and thus, are very
basic), or are offered by professional consulting firms at high prices. |
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9.4 Recommended actions – access to credit and micro-finance: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| Recommendations to alleviate some of the challenges encountered by women in
accessing credit to support the growth of their enterprises are presented for each of three
levels of intermediaries – micro-financing operators, financial institutions and
government. |
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9.3.3 Other micro-finance providers: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| A number of NGOs also do micro lending, some of them predominantly oriented
towards women-owned MSE clients. During the Tanzania field visit, interviews were
held with the Tanzania Gatsby Trust (TGT) and the Zanzibar Fund for Self Reliance, two
examples of such NGOs. |
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9.3.3 Other micro-finance providers: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| A number of NGOs also do micro lending, some of them predominantly oriented
towards women-owned MSE clients. During the Tanzania field visit, interviews were
held with the Tanzania Gatsby Trust (TGT) and the Zanzibar Fund for Self Reliance, two
examples of such NGOs. |
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9.3 Micro-finance institutions (MFIs): Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| Micro-finance operators in Tanzania function within the framework of the
Government’s National Micro Finance Policy of 2000. The objectives of this policy are
to provide the basis for the evolution of an efficient and effective micro-finance system
to serve the low segment of society and contribute to economic growth and poverty
reduction (as described in MIT, 2002). The policy establishes a framework within which
micro-finance operators will develop, lays out the principles to guide operations of the
system, defines roles and responsibilities of actors, and provides guidelines for
coordinating mechanisms. The Central Bank was given the mandate to coordinate
implementation of the policy. It is interesting to note that the Micro Finance Policy
includes “gender equity” as a best practice. |
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8.1 Recommended actions – promotion: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| Launch Women entrepreneurs in Tanzania: A woman’s golden hands |
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8.1 Recommended actions – promotion: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| Launch Women entrepreneurs in Tanzania: A woman’s golden hands |
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8.0 Promotion of women’s entrepreneurship: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| According to key informants from the University of Dar es Salaam,
entrepreneurship is only now becoming considered a legitimate and valued activity in
Tanzania. There is a huge need to increase this and to create more awareness of the
important role that owners of micro and small enterprises play in the economy. A much
higher value has to be attached to opportunities in the SME sector and to the role of
entrepreneurs so as to make it an acceptable and preferred option for college and
university graduates, the next generation of entrepreneurs. |
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8.0 Promotion of women’s entrepreneurship: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| According to key informants from the University of Dar es Salaam,
entrepreneurship is only now becoming considered a legitimate and valued activity in
Tanzania. There is a huge need to increase this and to create more awareness of the
important role that owners of micro and small enterprises play in the economy. A much
higher value has to be attached to opportunities in the SME sector and to the role of
entrepreneurs so as to make it an acceptable and preferred option for college and
university graduates, the next generation of entrepreneurs. |
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3.1-3.2 The SME sector in Tanzania: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| The Tanzanian government defines SMEs according to sector, employment size,
and capital investment in machinery. Accordingly, SMEs are defined as micro, small,
and medium-size enterprises in non-farm activities, including manufacturing, mining,
commerce and services. A |
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3.1-3.2 The SME sector in Tanzania: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| The Tanzanian government defines SMEs according to sector, employment size,
and capital investment in machinery. Accordingly, SMEs are defined as micro, small,
and medium-size enterprises in non-farm activities, including manufacturing, mining,
commerce and services. A |
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2.1 The rise and fall and rise of private sector: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| At this point in Tanzania’s history, the culture of entrepreneurship is in need of
revitalization. During the years of colonial rule in the country, the development of
indigenous entrepreneurship was hampered. Tanzanians of African origin were mainly
employed as laborers in cash crop farming, with limited access to business. |
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2.0 The economic context: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| Tanzania has a population of just over 37 million, a GDP of US$22 billion, and
GDP per capita of US$610.6 An estimated 51 per cent of the population lives below the
poverty line. Eighty per cent of the country’s poor population live in rural areas,
depending on subsistence agriculture and unable to participate in broader markets. Poor
roads, exorbitantly expensive utilities and prohibitive policies have compounded this
problem, significantly impeding the growth of the economy.7 Agriculture, the mainstay
of the economy, is almost 50 per cent of GDP, and small-scale peasant farmers, who
make up 70 per cent of the population, carry out over 80 per cent of agricultural
activities. About 30 per cent of the population over 15 years of age is illiterate (UDEC,
2002). |
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1.3 Methodology: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| Preparation for the mission involved a preliminary review of relevant research and
documentation on the state of economic development in Tanzania, the general
environment for SME development, the status of women entrepreneurs in the economy,
and barriers to their growth and development. |
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1.2 Mission Objectives: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| The mission objectives for Tanzania were to:
• review recent ILO and other relevant research on women in enterprise in Tanzania; |
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1.1 Background and Introduction: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| The International Labour Organization (ILO) entered into a general agreement with
the Ministry of Industry and Trade (MIT) in 2003 to implement a Women’s
Entrepreneurship Development and Gender Equality (WEDGE) Programme1 in
Tanzania. |
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Wanted: jobs for Africa’s youth - Broadening consultation
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| At the PRSP review in Cairo, Tanzania’s anti-poverty programme was commended for containing some measurable goals, specific targets and time periods by which job plans would be carried out. |
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Other Tanzania Related Articles
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“Africa:The Next Chapter” videos premiere
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| The good folks at TED (Technology, Entertainment, Design) have debuted the first videos from the powerful TEDGlobal 2007 conference held in Tanzania earlier this year. |
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Wanted: jobs for Africa’s youth - Broadening consultation
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| At the PRSP review in Cairo, Tanzania’s anti-poverty programme was commended for containing some measurable goals, specific targets and time periods by which job plans would be carried out. |
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1.2 Mission Objectives: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| The mission objectives for Tanzania were to:
• review recent ILO and other relevant research on women in enterprise in Tanzania; |
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8.1 Recommended actions – promotion: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| Launch Women entrepreneurs in Tanzania: A woman’s golden hands |
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9.3.3 Other micro-finance providers: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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| A number of NGOs also do micro lending, some of them predominantly oriented
towards women-owned MSE clients. During the Tanzania field visit, interviews were
held with the Tanzania Gatsby Trust (TGT) and the Zanzibar Fund for Self Reliance, two
examples of such NGOs. |
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11.0 Business support and information: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
| |
| The state of BDS provision in Tanzania is not well known. A 2003 SME-Mapping
of Tanzania report concluded that existing BDS services are generally designed and
financially supported by donors for the micro-enterprise market (and thus, are very
basic), or are offered by professional consulting firms at high prices. |
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14.0 Women entrepreneurs’ associations and capacity-building: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
| |
| There are over 30 business associations in Tanzania, seven of which are identified
as being representative of SMEs (MIT, 2002). Only four of the total are oriented towards
women members. |
|
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15.0 The state of research on women in MSES in Tanzania: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
| |
| There is more available research on women entrepreneurs in Tanzania than in
Ethiopia and Kenya. One of the major reasons for this is the presence of the
Entrepreneurship Centre at the University of Dar es Salaam (UDEC). |
|
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4.0 The Role of Governments: Microfinance in Africa - Experience and Lessons from Selected African Countries
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| In several African countries—for example, Ghana, Guinea, Tanzania and Uganda—
governments have in the past relied on state-owned banks to extend rural credit and
microfinance services. |
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The National Microfinance Bank of Tanzania helps Bail out the Tanzania Electric Supply Company (Tanesco) with a USD 56million Loan
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| The National Microfinance Bank of Tanzania has joined a syndicate of local banks and pension funds to lend USD 238million to Tanesco, the parastatal electricity company, wholly owned by the Tanzanian government, money which will be used to pay off debts to suppliers and invest in new equipment. The National Microfinance Bank was founded in 1997, and is the third most profitable bank in Tanzania, holding USD 430million in deposits and assets. The loan to Tanesco supports NMB’s business interests, as well as those of its customers, as it organises collection services for the electricity firm via its network. Currently the Tanzanian government owns 51% of the bank, having sold off the remainder of its stake in 2005. The loan syndicate involved in the bail out includes five banks and four pension funds all from Tanzania. |
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