Program areas at SEAF
Bangladesh - on september 21, 2011, Seaf signed an agreement with usda for the food for progress grant. Seaf received Funds through ccc and monetization. During 2012, Seaf monetized the red wheat. The first debt investment into a portfolio company was made during 2013,totalling $1,987,635. Throughout 2015 and 2016, Seaf had made additonal debt and equity investments into portfolio companies in bangladesh. On december 22, 2019, ffp bangladesh sold it's investments and assets to ventures management.
Tanzania - on september 29, 2014, Seaf signed an agreement with usda for the food for progress grant, focused on the country of tanzania. Seaf received Funds through ccc and monetization proceeds. During 2015, Seaf monetized the first 12,000 mt of wheat. During 2016, Seaf monetized 11,000 mt of wheat. During 2017, Seaf made investments of $2,000,000 into portfolio companies in the tanzania region. During 2019, Seaf made investments of $1,150,000 into portfolio companies in the tanzania region. The total carrying value of the invesments as of december 31, 2021 and 2020 was $953,390 and $1,469,530 respectively.
The Small Enterprise Assistance Funds on october 1st, 2019 was awarded a $999,966 grant from the u.s department of state to promote the fintech sector in morocco and tunisia by training the next generation of entrepreneurs and innovators. The project is a 3 year program which includes four objectives: 1) moroccan and tunisian start-ups increase their expertise in management and scaling up 2) moroccan and tunisian start-ups gain access to markets through matchmaking and partnerships with u.s markets. 3) moroccan and tunisian start-ups gain access to funding and investors by engaging the u.s private sector as well as mena private corporations and investors to potentially address areas for improvement to enhance the position of moroccan and tunisian fintech sectors for investment 4) u.s and local private sectors gain. Access to talent of moroccan and tunisian start-ups using academic alumni associations.
The Small Enterprise Assistance Funds on september 1st, 2015 entered the Small Enterprise Assistance Funds on september 1st, 2015 entered agency for international development to establish an investmentmanagement company (im) to support the start- up investment ecosystem in morocco. As part of the program activities, Seaf agreed to establish an im as a new wholly owned subsidiary of Seaf and use the grant Funds to make periodic contributions to the im in exchange for being issued equity interests in the im.