Introduction to the Africa Enterprise Challenge Fund

EMRC Johannesburg, South Africa 16-19th October 2011

Hugh Scott, Director, AECF

Presentation Outline

Introduction to the AECF

AECF Performance to date

AECF Agribusiness Africa Window

AECF South Sudan Window

AECF REACT Round 2

An introduction to the AECF

A challenge fund for the private sectorFunders, Governance and ManagementAims, objectives and outcomesThe AECF application and selection processAECF Competitions to dateInitial capital was US$35m and is now US$150m – and growing...3 new AECF competitions now live

AECF FOCUSFinding the right projects

AECF Performance

87

190

399

3053

5459

Business plans

Shortlisted for IC

Concept notes submitted

Registered companies

11 Rounds completed 5 June 2008 to

30 September 2011

Performance to date

Projects Approved

AECF – Performance

87 projects in 17 countries

US$66.80m committed (US$31.58m grant, US$35.22m repayable)

US$242.26m matching funds committed

Estimated 3 million rural people will benefit from these projects

AECF Agribusiness AfricaWindow (AAW)

Agribusiness Africa Window (AAW)

A special window open to business ideas that are based on agribusiness, agribusiness value chains and financial services, Africa-wideFunded by DFID (US$17m)Minimum of US$250,000 and maximum of US$1.5mOpen for applications from 15th October 2011 to 15th December 2011To apply: Go to www.aecfafrica.org

AECF REACT Round 2 Window

Agribusiness – broadly definedSpecial window for the Republic of South Sudan, funded by UKAid - US$ 10m Minimum US$100,000 and max US$1.5mOpen for applications from 15th October, 2011 to 15th December 2011To apply: Go to www.aecfafrica.org

South Sudan Window (SSW)

AECF REACT Round 2 Window

A special funding window for business ideas that are based on renewable energy and adaptation to climate technologies

Funded by UK aid and DANIDA – approx. US$27m. For countries in the East African community.

2nd Round launched on 15th October 2011 closes 15th December. NOW OPEN for applications

To apply: Go to www.aecfafrica.org

AECF REACT Round 2 Window

Key strands within REACT Round 2:

– Increased access to low cost, clean energy for rural businesses and households

– Technology that help smallholder farmers adapt to climate change

– Financial services that increase access to finance for low cost clean energy and climate resilient technologies or catalyse financial solutions

AECF Contact Information

Website: www.aecfafrica.org

General Enquiries: info@aecfafrica.org

AECF Director: Hugh Scott hugh.scott@aecfafrica.org