As mentioned earlier on, one of SATF objectives is to promote the development of the Private Sector in Tanzania. One of the channels of Investments is provision of credit to business community. The Fund commenced lending activities in 1998 and has disbursed loans to companies from different sectors of economy. Companies which have benefited from SATF loan scheme are as listed below;
LA Fleur D’ Afrique Ltd (currently known as Arusha Blooms Ltd):
Located in Arusha. In 1998 it started to develop 15 hectares of cut Rose flowers for the export market. To date, 8.5 hectares have been developed. SATF invested TShs 600m in the project by way of a medium size term loan alongside other investors including Southern African Enterprise Development Facility and Tanzania Venture Capital Finance (TVCF).
She Investments Ltd:
Located in Kibaha Coast Region. The Company produces fresh milk. The project involved the expansion and modernization of an already existing farm. SATF invested TShs 119m in the project by a way of medium term loan.
Musoma Dairies Ltd:
Located in Musoma, a dairy processing plant acquired under the divesture programme in 2000. SATF has invested TShs. 470m in the project.
New Northern Creameries Ltd:
Located in Arusha. The project involved acquisition under divestiture of assets of Arusha Dairies Ltd as well as rehabilitation and modernization of the processing plant. SATF invested TShs 500m in medium term loan and TShs. 100m in working capital (short term).
Happy Sausage:
The project is in the outskirts of Arusha. The Investment was to facilitate acquisition, rehabilitation and expansion of meat processing plant. SATF invested TShs 488m in 1998 by way of medium term loan.
Zajara Fishing Company:
The Company was formed to modernize and expand Zajara Fishing Project in Dar es Salaam. SATF invested TShs. 80m towards rehabilitation of the fishing boat, Zajara I and construction of Zajara II.
Adam’s Ribs Leisure Company Ltd:
The Hotel project is located in Morogoro Municipality. SATF invested TShs. 85m by way of medium term loan and expansion and modernization.
Bob Investments:
Located in Dar es Salaam, started in 1985. The Project is in the Hospitality and Leisure Industry, involved a phased rehabilitation and refurbishment of building at Cine Club along Old Bagamoyo Road. SATF invested TShs. 150m in the project by way of medium term loan.
Edan Hotel Limited:
Located in Bukoba town offers tourist standard services in accommodation and catering. The project involved acquisition and refurbishment of adjacent premises for residential purposes including a multipurpose hall and in door games facilities. SATF invested TShs. 115m as medium term loan in the company.
Tanzania Pharmaceutical Industries Ltd:
The project involved rehabilitation and modernization of plant and machinery acquired under divestiture with SATF investing TShs. 320 as medium term loan.
Security Systems Tanzania Ltd:
A security Company located in Dar es Salaam that started operations in 1997 to provide, install and maintain security equipments to offices and residential property in and around Dar es Salaam. The company is now expanding its services to Mwanza, Arusha, Mbeya and Zanzibar. SATF invested TShs. 160m by way of a medium term loan.
Twiga Feeds Ltd:
Based in Dar es Salaam. The Company produces animal feeds for both local and exports market. SATF invested TShs. 478m by way of medium term loan to support the company’s expansion through vertical integration involving the introduction of hatchery in the company activities.
Kays Agency International Limited:
Deals with wholesale and retailing of garments, household and electronic appliance, sewing machines, bicycles and farm implements. SATF extended TShs 120m to the company for working capital.
Kays Hygiene Products Ltd:
Based in Dar es Salaam, the Company manufactures feminine sanitary pads. SATF invested TShs 421m by way of a term loan to finance modification of existing machines and acquire new modern ones.
Walkgard Westland Hotels and Tours Limited:
Located in Bukoba Town in Kagera. Offers tourist standard services in accommodation, catering and tour operations. SATF approved a loan of TShs. 300m to the project towards the completion of hotel construction works and for working capital.
Trade Goods Limited:
Based in Dar es Salaam, the company deals with catering services and was offered by the University of Dar es Salaam a three- year services contract to run and provide cafeteria services at Mabibo Hostel. SATF injected TShs 100m for acquisition of a kitchen facility as well as working capital for the company.
IMRA Holding Limited
The project is a private limited company operating two farms in Handeni District Tanga, growing mangoes, oranges, maize, passion fruits, vegetables, and keeping a small herd of cattle for domestic and export markets. SATF approved a medium term loan of TShs.100m for the development of the farms and working capital.
Foot Loose (T):
Based in Dar es Salaam, the Company deals with hand craft products exportation. The company secured a medium term loan of TShs. 100m from SATF to finance exports to USA under AGOA.
Laureate International School:
Located in Dar es Salaam, it offers Pre-School, primary and secondary school education. The school expansion program involved moving the secondary school, from rented facilities to its own buildings. SATF partly financed this expansion through a medium term loan of TShs. 360m.
Durban Hotel:
Located in Kariakoo, Dar es Salaam offering hospitality and leisure services. The company has constructed a new hotel annex to the existing one to capture budget patrons from within the country and abroad. A term loan of TShs. 500m was approved for the expansion.
Mpomabiva Investment Limited:
Located in Temeke, Dar es Salaam the company deals with repair and services of heavy duty equipment and supplies spare parts as well. SATF extended TShs 130m to the company’s capital.
Filbert Bayi Schools:
A medium term loan of Tshs 300m was granted to Filbert Bayi School to enable the school respond to the high demand for quality school in Tanzania through its expansion strategy of constructing a secondary school in Kibaha District.