It is a virtual accelerator program designed to support the growth of exporting SMEs in Tanzania. We understand that Tanzania is a net importing country, despite the huge potential and competitive advantage the country has.
There are supply and demand issues that need to be tackled, BEA seeks to address some of the challenges on the supply side.This virtual accelerator seeks to provide all necessary support for existing SMEs to accelerate their exportreadiness
BEA will provide training, coaching, export readiness, market linkages, necessary tools and guidelines and linkage to finance.
The program is managed by SSC Capital
Tanzania has the potential to become the leading trade gateway for East and Central Africa via Dar es Salaam Port. But without building the capacity of local enterprises to take up the emerging export opportunities, policy and trade agreements alone will not translate into any tangible gains. And this follows the fact that 88% of all industries in Tanzania are micro.
With majority of businesses in Tanzania not operating professionally, they, therefore, lack the systems, structures, and the finance necessary for a company to go international, this limits their export readiness. With all the efforts that the government is putting now including revolutionizing the agricultural sector and aiming to become an industrial nation, trade will remain a critical element in that equation, for selling additional products to export markets, as local markets alone will not be enough to absorb all the supply.
Tanzania has about 50,000 industries, with more than 80% of them being small, the potential is huge, but it needs to be accelerated
