Africa Enterprise Challenge Fund
- Department for International Development
- 27 August 2014
- Democratic Republic of the Congo, Ethiopia, Ghana, Kenya, Malawi Mozambique, Nigeria, Rwanda, Sierra Leone, Somalia, South Africa, Sudan, South Sudan, Tanzania, Uganda, Zambia, and Zimbabwe
- Climate change, Livelihoods, and Private sector/business
- Eligible organisations:
- Value of funding:
- £100,001 to £500,000 and £500,001 to £1,000,000
AECF awards grants to private sector companies to support new and innovative business models in Africa.
The AECF awards grants and repayable grants to private sector companies to support innovative business ideas in agriculture, agribusiness, renewable energy, adaptation to climate change and access to information and financial services. Its purpose is to improve incomes of smallholder farmers and the rural poor.
Funding is targeted at specific countries (including Kenya, Tanzania and South Sudan) or at development corridors involving several countries and companies must match the funding provided by the AECF.
How to apply
The first stage is submission of an initial application form. The second stage is submission of a detailed business plan. See AECF website for full details
Background information on the fund
The maximum amount the AECF can award to a single business idea is US$ 1.5m and the minimum is US$250,000, although this amount may vary depending on the competition. The average amount is expected to be around US$750,000.
KPMG – see contact details
Published: 27 August 2014
Eligible organisations: Companies