01.
Tanzania
Mtaji Wetu Finance
Mtaji Wetu Finance Tanzania Limited is a Tanzanian FinTech start-up with Swedish roots. We believe that the growth of the SME entrepreneurs is the future for prosperity. By providing an innovative customer financing product we can foster the growth of both suppliers and their customers.
Founded: 2019
MTI invested in: 2020
Investment type: Equity financing
CEO: Torbjörn Jacobsson
Website: mtaji.co.tz
Press release: 2023-06-21
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
Tanzania, Kenya
Chanzi
Operator of a sustainable protein company intended to offer high protein content diet for farm animals. The company specializes in waste management, food recycling and the production of protein for animal feed along with organic fertilizer as a by-product, ideal for flowers, vegetables, fruits and lawns, enabling farmers to make their livestock, poultry and fish grow faster while saving costs.
Founded: 2019
MTI invested in: 2022
Investment type: Convertible debt
General Manager: Andrew Wallace
Website: chanzi.co
04
Kenya
WorkPay
While running a software company a few years back, the founders saw an opportunity in the people space that would enable companies in Africa to hire, manage and pay their teams efficiently. An opportunity to enable employers to handle HR, payroll and compliance across multiple countries in Africa from one platform. Yes, one platform! All without compromising your business growth and operations. We have since grabbed the opportunity and have been building solutions to enable fast-growing companies to focus on their people strategy and growth and not on the boring HR, payroll or compliance repetitive tasks.
Founded: 2017
MTI invested in: 2022 (via TechBridge)
Investment type: Equity financing
General Manager: Paul Kimani
Website: myworkpay.com