Abbreviation TAVCA Legal status Non-profit company Founded 2013 | Formation 2013 Website www.tavca.com | |
Location Dar es Salaam, Tanzania | ||
The Tanzanian Private Equity & Venture Capital Association (TAVCA) is a non–profit lobbying body facilitating the creation of an environment fostering sustainable private equity ("PE") and venture capital ("VC") investment in Tanzania.
Contents
- History
- Experts in VC and PE financing required
- Alternative source of finance to companies in Tanzania
- In the wake of US180 million African focused PE fund
- References
TAVCA facilitates dialogue on a sustainable code of conduct for the African PE context, customised to a Tanzanian setting. TAVCA identifies innovative structured financial instruments and designs policy to stimulate investment for the empowerment of Tanzanians.
History
Events endorsing a PE platform customised to Tanzania include:
Experts in VC and PE financing required
Opening a consultative seminar on venture capital and private equity financing organised by the Tanzania Private Sector Foundation (TPSF), Dr Mary Nagu, Minister of State Prime Minister’s Office, Investment and Empowerment told participants that given the numerous investment opportunities emerging in various sectors of the economy, the country requires experts in venture capital and private equity.
Alternative source of finance to companies in Tanzania
At the end of 2014 over 200 local and international investors met in Dar es Salaam "to deliberate on expanding investment opportunities in Tanzania through non banking financial instruments, specifically, Venture and Private Equity Financing." Opening the proceedings, Tanzania Vice President, Dr Mohamed Gharib Bilal said, “The efforts to develop the private equity and venture capital as an alternative source of finance to our companies in Tanzania is warmly welcomed and unconditionally supported ...”
In the wake of US$180 million African-focused PE fund
TAVCA was established in 2013 in the wake of the US$180 million private equity fund, PMEA African Infrastructure Opportunities plc (LON: PMEA), the Sovereign Wealth Fund of the Qatar Investment Authority (2007 Alternative Investment Market listing). Learning from the mistakes of purely private investments like Dovetel and the dynamics of patronage networks, TAVCA is playing a part in establishing an ethically performing sustainable industry in Tanzania.