01.
Tanzania
Ecohomes
Ecohomes designs, manufactures, and builds affordable housing using the modern technology of cold steel forming.
The company’s founders wanted to diversify from traditional brick and mortar building methods to more advanced, efficient, affordable, and environmentally friendly methods of using Light Gauge Steel.
In 2016, EcoHomes built its own factory in Dar es Salaam in order to have sourcing and manufacturing in-house.
Founded: 2015
MTI invested in: 2016
Investment type: Equity financing
CEO: Eric Chonjo
02.
Tanzania
Shambani Milk
Shambani Milk is a growing milk processing company that sells dairy products in Morogoro Municipality, Dodoma, and Dar es Salaam City.
The company’s mission is to offer more accessible dairy products to the people in Tanzania and to directly support various local producers.
Shambani Milk collects fresh milk from about 400 milk producers in Morogoro, of which 87% are Maasai women.
Founded: 2003
MTI invested in: 2015
Investment type: Equity financing
CEO: Victor Mfinanga
Website: shambani.co.tz
03.
Zanzibar
Zanrec
Zanrec is a waste management company that collects and recycles plastic waste from more than 100 hotels in Zanzibar. Its mission is to work towards creating a zero-waste eco-system on the island which will also ideally become self-sufficient from green energy.
The island of Zanzibar generates over 96,000 metric tonnes of waste a year.
Due to a lack of proper waste management, an equivalent of the weight of a Boeing 747 gets dumped on Zanzibar every day, contaminating the environment and causing serious consequences to public health and the economy.
Founded: 2009
MTI invested in: 2015
Investment type: Equity financing
General Manager: Justin Madho
Website: zanrec.com
04.
Tanzania
Atsoko Beauty Store
Atsoko is the first makeup store in Tanzania. With two boutiques and three franchise stores throughout Dar es Salaam, it is the leading makeup brand in Eastern Africa.
Tanzania’s fast-growing middle-class demands new products with high quality and brand recognition. Atsoko offers genuine and safe products and is the makeup brand you can trust in East Africa.
Atsoko also runs a beauty academy that trains women to become makeup artists. Since its start in 2018, 900 young women have trained to become professional makeup artists through the Atsoko Beauty Academy.
Founded: 2012
MTI invested in: 2015
Investment type: Equity financing
General Manager: Rehema Julius
Website: atsoko.com
