SSC Capital, a Dar es Salaam-based business and investment advisory firm, has announced the completion of its $5 million Mbadala Impact Fund I, which will support early-stage startups that have strong financial vaibility and help solve Environmental, Social, and Governance (ESG) challenges. 

According to Salum Awadh, the CEO of SSC Capital, the$5m Mbadala Impact Fund I will invest in 20–25 seed-stage startups with ticket sizes ranging from $50k — $150k. 

“We will start investing by June 2022,” Awadh said.

The fund, which claims to be sector-agnostic, hinted that its first investments will be in the financial services, healthcare, education, agribusiness, and technology sectors.

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The fund will focus on East African early-stage startups with a scalable business strategy that have been in operation for at least one year post-revenue.

In addition, the startup must meet one or more Sustainable Development Goals and have a solid team. In particular, the startup must be innovative.

SSC Capital Will Manage The Mbadala Impact Fund I

SSC Capital is a financial and investment advisory service that helps investors locate the correct investment assets while also coaching businesses on how to establish more resilient, sustainable, and valuable businesses.

The firm has been in operation for ten years, serving a wide range of governmental and private sector clients. It has raised more than USD 200 million for its Tanzanian clients and examined more than 100 business cases.

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Tanzania Venture Capital Network, a platform that encourages the growth of angel investing and venture capital in Tanzania, is also managed by SSC Capital.

The firm’s headquarters are in Tanzania’s Dar es Salaam, with a branch office in Rwanda’s Kigali and a virtual presence in Dubai.

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Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning write