The AECF started in 2008 at the World Economic Forum in Cape Town with USD 35 million committed from its first funders. Since then, AECF has grown at least 7 times in fund size and run 21 competitions. The AECF has positively impacted the lives of over 10 million people in Sub-Saharan Africa in 2015 alone.

The video below gives a summarised view of the approach of the AECF, with interviews from some key personalities involved, and with examples of some of its success stories in Africa.