The MSME Impact Grant Fund (IGF) has been launched to help businesses owned or led by women and young people in Tanzania and Zanzibar. This fund will provide financial support to small and medium-sized enterprises (MSMEs) that show the potential to grow and make a positive impact on the economy. The fund is managed by KPMG Advisory Limited and is supported by the European Union. It will offer grants of up to 30 million Tanzanian Shillings (about $12,800) that do not need to be paid back. Along with the money, businesses will also receive help to improve their operations and prepare for future funding. The IGF will focus on businesses in specific regions and sectors that can contribute to sustainable growth, such as agriculture, renewable energy, and waste management. The goal is to help these enterprises grow, create jobs, and strengthen local economies. Applications for funding are now open, and interested businesses can find more information and apply online in both English and Swahili.
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