Great business ideas deserve serious investment

Tracking Nigeria’s agricultural scale-up
Improving the quality of cassava flour in Nigeria and beyond
Benefiting farmers while producing beer!
M-Kopa now provides power for up to 1,000,000 people in East Africa
Empowering Cocoa Farmers in Sierra Leone
Tanga Fresh
Proactive change in dairy farming


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About AECF

25 July 2013 - 5:51pm -- aecf

The AECF is a US$ 207m challenge fund capitalized by multilateral and bilateral donors (the AECF donors) to stimulate private sector entrepreneurs in Africa to innovate and find profitable ways of improving access to markets and the way markets function for the poor, particularly in rural areas. The Fund awards grants and repayable grants to private sector companies to support innovative business ideas in agriculture, agribusiness, renewable energy, adaptation to climate change and access to information and financial services. Its purpose is to improve incomes of smallholder farmers and the rural poor. The AECF is supported by the governments of Australia, Denmark, Netherlands, Sweden and the United Kingdom, as well as the International Fund for Agricultural Development (IFAD).

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Portfolio

Since the launch of the AECF in June 2008, 20 competitions have been held. To date, 6,113 applications have been received and 202 projects have been approved for funding (commitment US$148.90m). A further US$388m has been committed to these projects by the private sector. Overall the response from the private sector has been excellent with competition for AECF funds intense. For more information click here.

The overall AECF Fund has grown significantly to
$207 million(Dec 2012)
Since AECF's inception there have been:
179 Applications approved to fund
318 Applications evaluated to business plan stage
703 Applications shortlisted
8,322 applications received in total
Donor contributions per window
Overall portfolio: grants vs loans
Portfolio by region
Matching funds contribution by grantees is 3.1 times that of the donor funds approved and stands at $396 million (Dec 2012)

Projects

In keeping with its goal of accelerating pro-poor growth in Africa through increasing employment, livelihood opportunities and incomes, the AECF supports grantee projects in 23 African countries.  These projects are as a result of 16 competitions completed and more than 8,300 applications received over the 6 years of AECF existence. The projects have specific focus areas in agriculture, agribusiness, renewable energy, adaptation to climate change and access to information and financial services.

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Milestones