International development funding

Africa Enterprise Challenge Fund

AECF awards grants to private sector companies to support new and innovative business models in Africa.

Overview

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.

Contacts

KPMG – see contact details

Help us improve GOV.UK

Don't include personal or financial information, eg your National Insurance number or credit card details.