The third round of REACT is now closed! It was the biggest REACT round yet with over 500 applications now being processed.
This time around, AECF threw a challenge to the private sector to try and particularly encourage business ideas targeting arid and semi-arid areas. Early indications are that businesses have risen to that challenge – at AECF we are really excited to see what has come through to compete for AECF investment, with business ideas ranging all the way from climate smart agriculture through to water and renewable energy innovations!
The timeline for assessing applications remains the same, despite AECF extending the closing date from 23 September to 23 October 2014. If you are a REACT applicant, you will receive a communication from AECF by 12th December, before the December season break.
IN REACT ROUND 3, AECF WAS SEEKING:
- An innovative business that can transform the way clean, reliable and affordable energy is provided to rural households and small businesses in East Africa.
- A technology, product, or service that can help rural households, small holder farmers and pastoralists to better cope with an extreme climatic event (such as floods or drought) or an economic shock as a result of such an event.
- A business (of any type, but especially in the livestock sector) operating in arid, semi-arid or pastoralist areas of East Africa that seeks to transform your value chain and access to markets.
- An agribusiness that wishes to protect itself and its supply chain against the future impacts of climate change.
Check out some AECF grantee videos:
M-Kopa is an asset financing company in Kenya established in 2011 following successful consumer trials in Kenya during 2010. The company's smart and secure mobile technology has enabled tens of thousands of Kenyans to switch from high-cost kerosene to affordable, renewable solar power.
MicroEnergy Credits is a financial intermediary enabling greater access to clean energy. Microenergy Credits (MEC) has developed a unique capability to capture and sell carbon emissions reductions that derive from clean energy microloans.
The AECF-MOBISOL Project purpose is to find a profitable and sustainable business model for rural electrification while the aim is to provide a concept of offering a profitable and scalable product-service combination to supply a vast amount of people with reliable, clean and most importantly affordable energy.
Off Grid Electric Tanzania Ltd
Off.Grid: Electric delivers on a complete technical, operational and financial model that makes incredibly high quality renewable electrical services radically affordable to the world’s off-grid poor. It is a model that will scale to millions of homes.
SolarNow BV (SolarNow) is a social enterprise that sells and distributes high-quality modular solar PV home systems (SHS) with an end-user credit facility (“PayPlan”) through an already existing network of 120 trained and authorized solar dealers to off-grid households and entrepreneurs in rural Uganda and Tanzania.