The Kilimo Kwanza Growth Corridors, an international public-private partnership was launched at the World Economic Forum Africa, in May 2010, in Dar es Salaam, Tanzania. It was mandated to mobilise and catalyse private sector investments and partnerships to deliver rapid and sustainable agricultural growth in Tanzania. Kilimo Kwanza ultimately resulted in the creation of the SAGCOT Investment Program, the SAGCOT Investment Blue Print, the SAGCOT Centre Limited and the SAGCOT Catalytic Trust Fund. After the successful execution of the pilot phase of the Trust within the SAGCOT region, a nationwide Program is to be rolled-out in line with the Agricultural Sector Development Policy and the SAGCOT Investment Blueprint. The Trust has changed its name to TANZANIA AGRICULTURAL CATALYTIC TRUST (TACT). The Trust is a centrepiece of the nation’s ASDPII strategy for pursuing food security, poverty reduction and reduced vulnerability to climate change with its members drawn from the government, global business, the Tanzanian private sector, farmers, foundations and donor institutions.
Change of the Name and Scope From SAGCOT Catalytic Trust Fund (SAGCOT AREA) To Tanzania Agricultural Catalytic Trust (National Wide)
The Southern Agricultural Growth Corridor of Tanzania (hereinafter referred to as the “SAGCOT”) Catalytic Trust Fund (CTF) was incorporated on 30th May, 2011 under the Trustees Incorporation Act (Cap. 318 R.E 2002) to provide social venture capital to address the initial costs of developing and starting up commercially viable agricultural businesses in the SAGCOT that incorporates smallholder farmers to be channeled through various forms.
SAGCOT CTF is a centerpiece of the nation’s Agricultural Sector Development Programme Phase II (ASDP II) for pursuing food security, poverty reduction and reduced vulnerability to climate change with its members drawn from the government, global business, the Tanzanian private sector, farmers, foundations and donor institutions. Following the successful execution of the pilot phase of the CTF within the SAGCOT region, there was a need to roll out a nationwide Program in line with the Agricultural Sector Development Policy (ASDP) and the SAGCOT Investment Blueprint.
In view of the above development, the SAGCOT CTF has thus changed its current name to TANZANIA AGRICULTURAL CATALYTIC TRUST (TACT). The changes among other things intends to make SAGCOT CTF to operate countrywide as opposed to serve a single corridor, to keep updated the respective substantial achievements that have been made from the lessons learnt in their implementation. Further the changes made has considered those prominent areas which are instrumental in supporting Government Policy for agricultural investments