TPSF ,DSE ink MoU to expand SMEs’ access to capital, investment opportunities

DAR ES SALAAM: THE Tanzania Private Sector Foundation (TPSF) and the Dar es Salaam Stock Exchange (DSE) have signed a Memorandum of Understanding (MoU) aimed at strengthening business growth and competitiveness by enhancing entrepreneurs’ capacity and expanding access to capital and investment opportunities.

Under the agreement, the two institutions will jointly implement the DSE Enterprise Acceleration Program (DEAP) and the ENDELEZA platform, initiatives designed to equip businesses with the skills and resources needed to scale up their operations.

Through the partnership, TPSF members will benefit from business development training, mentorship, business profiling and opportunities to connect with potential investors and financial institutions.

The collaboration also seeks to prepare businesses for investment by building their capacity in key areas such as developing investor-ready business plans, strengthening corporate governance, conducting business valuations, accessing financing and acquiring other critical entrepreneurial skills.

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TPSF and DSE said the partnership will also focus on encouraging greater participation by businesses across the country, promoting the two programmes and improving the entrepreneurial ecosystem.

The two organisations expressed confidence that the initiative will enable small and medium-sized enterprises (SMEs) to grow, attract investment and contribute more significantly to Tanzania’s sustainable economic development.