The goal of the AECF is to accelerate pro-poor growth in Africa, thereby increasing employment, livelihood opportunities and incomes, and reducing poverty.
The purpose of the AECF is to make agri-business; rural finance and other rural market systems work better for the poor in selected African countries. The AECF operates from three regional hubs; Nairobi for the East and Central Africa, Accra for West Africa and Johannesburg for Southern Africa. Since the launch of the AECF, seven rounds of competition have been held and 39 projects awarded funding.
Overview
The AECF is improving livelihoods in Africa by:
- Facilitating innovation of new business models for particular regions and sectors;
- Making rural market systems work better for the poor;
- Increasing developmental impact either by creation of new jobs or increased revenue streams for small scale farmers;
- Facilitating financial inclusion within the economy and providing access to secure and affordable financial services; and
- Knowledge and information dissemination.
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