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Great Business Ideas deserve serious investment |
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The Africa Enterprise Challenge Fund provides grants and interest free loans to businesses who wish to implement innovative, commercial viable, high impact projects in Africa.
The AECF supports businesses working in agriculture, financial services, renewable energy and technologies for adapting to climate change. We also support initiatives in media and information services where they relate to these sectors.
Applications are assessed during competitive rounds which each have their own entry criteria. Winners can receive up to US $ 1.5 million.
The competition is open to companies from anywhere in the world provided the business idea is implemented in Africa.
The AECF is a special partnership initiative of AGRA, the Alliance for a Green Revolution in Africa.
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Why is this challenge fund different? |
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- It focuses exclusively on supporting the private sector
- It provides an open and transparent "competition" for donor funds
- It is based in, and run from, Africa
- It is focused on funding practical projects that are both commercially viable and will have a broad developmental impact on the rural poor
- It is structured and governed along private sector principles with strong and sustained business engagement to ensure a flexible, responsive, results-orientated approach that the private sector can understand
- It leverages private sector and donor money to help fund successful projects and enterprises
- It is able to support cross-border, regional and pan-continental projects, as well as national ones
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News & Events |
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| | Western Union and USAID collaborate to tap economic potential of the 1.4 million Africans living in the U.S.
The Western Union Company (NYSE:WU) a leader in global payment services, the Western Union Foundation and the United States Agency for International Development ( USAID) have launched read more ... | | Swedish International Development Agency commits US$ 18.9 million
The Swedish International Development Agency has committed US$ 18.9 million to the AECF.
read more ... | | Hugh Scott AECF Director's interview with CNBC Africa
Hugh Scott AECF Director's interview with CNBC Africa
Click here to view the full interview
read more ... |
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Past News & events Articles |
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