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Introduction to the Africa Enterprise Challenge Fund EMRC Johannesburg, South Africa 16-19 th October 2011 Hugh Scott, Director, AECF
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: [email protected]
AECF Director: Hugh Scott [email protected]
