SEAF has been active in Africa since 2003, advising a Nigerian General Partner with its SME portfolio. Since, we have made significant strides in expanding our mission in Africa, and will continue to do so moving forward.
SEAF established two CEED offices in North Africa – Morocco and Tunisia – and has grown these locations into entrepreneurial-focused centers. SEAF has established an office in Nairobi, Kenya, in conjunction with its partner, Financial Access Capital Partners. In January of 2015, SEAF established an office in Dar-es-Salaam, Tanzania to manage an agribusiness fund for that country, launching KASI Agriventures. SEAF has also secured a Technical Assistance Grant that will allow for targeted assistance to be deployed into select companies within this geography. In September 2015, SEAF launched a program with MEDA (www.meda.org), Impact East Africa, which will invest and advise companies in the East African Community.
In addition, SEAF is the implementing partner for the African Diaspora Marketplace (ADM), an investment promotion platform that supports innovative Sub-Saharan and North African entrepreneurs with connections to Diaspora investors and entrepreneurs in the U.S. Under ADM, SEAF identifies, selects, conducts due diligence and awards investment-focused grants to innovative start-ups and established businesses. SEAF also provides support in the areas of access to finance and trade facilitation to female entrepreneurs selected to participate in the U.S. Department of State’s African Women Entrepreneurship Program (AWEP). SEAF’s active participation in entrepreneurship development efforts on the continent along with the networks provided by its local team will allow the Fund to source from a quality pipeline.