Impact investment firm SEAF (for Small Enterprise Assistance Funds) launched its Daraja Impact initiative with support from AlphaMundi Foundation and the Swiss Agency for Development and Cooperation to help Tanzania’s small businesses improve impact monitoring and reporting, especially for women and youth. Healthcare logistics company Dawa Mkononi is SEAF’s first investment through the initiative.
Dawa helps more than 1,000 hospitals and other care facilities manage their drug inventory. It will use the investment to expand its partnerships to 3,500 health facilities by 2025.
A portion of the funding must also be used to improve its impact reporting practices and capacity. SEAF will provide technical assistance to help the company with that process.
Disclosure: AlphaMundi is a sponsor of ImpactAlpha.
