Tanzania, March 8 -- Dar es Salaam. The Tanzania Startups Association (TSA) said it is advocating for the establishment of the National Venture Capital Trust Fund to support the growth of early and mid-stage businesses.

TSA's senior manager of programmes and operations, Mr Praygod Japhet, said an internal assessment revealed the necessity of identifying the factors impeding Tanzania's performance on the continent.

Mr Japhet said they commenced engaging the government on the need to establish the fund to enhance the country's competitiveness with its African counterparts.

"Countries that have made remarkable strides in startups prioritised investment and strengthened early and mid-stage financing," he said.

No country succeeds in start...