Our History


The AECF was launched at the World Economic Forum Africa in 2007 and become operational in 2008 to respond to the need for an Africa based fund that would support African business, particularly in the areas of finance and agriculture. It begun with a start-up capital from the United Kingdom and Dutch Governments, the Consultative Group to Assist the Poor (CGAP) and the International Fund for Agricultural Development (IFAD).

The AECF launched the first competition in 2008 and since then it has grown to be one of the largest challenge funds in Africa. Over the past 9 years, the AECF has managed 8 funding windows, conducted 21 competitions, received over 10,000 applications and approved funding to 257 business projects

For more on our journey scroll through the time scale provided below.