Jacana Partners and Soros Economic Development Fund Complete Investment in Tanzania (Sub-Saharan Africa)

Source: Jacana Partners, All Africa  |  Author: Hilda Mhagama

Pan-African SME private equity firm Jacana Partners and non-profit private foundation Soros Economic Development Fund have invested a reported US$ 1 million in Tanzania-based dry bulk cargo handling company DSM Corridor Group (DCG). DCG intends to use the capital injection to finance the expansion of its storage capacity with respect to both volume and range of commodities.