Finance ready plan: From importation to producing baking ingredients locally in Tanzania
Principal Company Ltd, Tanzania
Every week, BiD Network highlights three finance ready plans. These top businesses have been subjected to the rigorous selection, coaching and matchmaking processes of BiD Network. They are ready for investment to expand their operations. With feasible business plans, a solid management team and real growth potential – finance ready plans deserve the attention of committed investors.
In operation since 1995, Principal Company Ltd has primarily dealt with the importation and sale of bakery ingredients. Despite providing a steadily growing business over the past decade, Principal Company has noted the potential market in Tanzania, and East Africa more generally, to process and sell products themselves, which they currently import.
Their ambition is to further expand their business through the extension of their factory and getting the machinery and equipment in place so that they can produce all 133 products they currently import. Through this strategy Principal Company Ltd hopes to dominate the East and Central African bakery ingredients industry. Read more
Finance needed: $2,000,000 – $5,000,000
About BiD Network
BiD Network contributes to sustainable economic growth by stimulating entrepreneurship in emerging markets. With over 46,000 members and 10,000 business plans, bidnetwork.org is the world’s largest online community for emerging market SMEs, coaches and investors. Since 2005, BiD Network has launched 670 businesses, created more than 4700 direct jobs, and mobilised $15 million from investors. In November 2010, BiD Network was chosen by a G-20 jury as one of the 14 most innovative SME Finance organisations in the world.
To see more companies looking for investment in Africa, visit Finance Ready Plans.