Program areas at SEAF
The Small Enterprise Assistance Funds on september 1st, 2015 entered into a cooperative agreement for $3,898,099 with the united states agency for international development to establish an investment management 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.
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 investments as of december 31, 2023 and 2022 was $725,081 and $800,261 respectively.
Colombia agribusiness : the Small Enterprise Assistance Funds on march 19th, 2015 was awarded a $2,795,500 from the united states agency for international development colombia mission to establish an agribusiness fund with the goal of realizing sustainable impact through investment and development activities.
India agribusiness fund--seaf india agribusiness international fund (the "int'l fund") was incorporated on 05 june 2009 and domiciled in mauritius. In 2013, the international fund had its final closing with total commitments of $26,550,000 from seven members. The investment manager of the int'l fund is Seaf investment management company (simc), a private company limited by shares incorporated under the laws of mauritius on june 5, 2009 and is 100% owned by Seaf. The Seaf india agribusiness fund (the domestic fund) is structured as a scheme of the Seaf india investment trust, a contributory trust under the provisions of the trusts act, 1882, wherein il&fs trust company limited, a company incorporated under the companies act (1956), is acting as the trustee of the trust. The trustee has appointed the domestic fund'Funds's investment manager to be Seaf india investment advisors private limited (iac), an indian entity established by seaf.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.