The U.K. Department for International Development has provided USD11.5 million to help train Tanzanian entrepreneurs to grow their businesses and combat poverty.
The project will offer training on business planning and management to more than 750 entrepreneurs. Of these beneficiary entrepreneurs, 400 may win seed grants.
The effort constitutes the third phase of the Tanzania Private Sector Foundation’s Business Development Gateway Program. The first two phases of the initiative benefited 4,500 entrepreneurs, of which 2,780 won seed grants, The East African reports.