The Africa Enterprise Challenge Fund awards grants to private sector companies to support new and innovative business models in Africa.
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.
Objectives
- Fund innovative and commercially sustainable business ideas that have the potential to positively impact the incomes of rural households.
- Improve the way agribusiness and other market systems work, thereby facilitating market entry for rural poor households and businesses.
- Stimulate the development and use of affordable and accessible technologies for the benefit of the rural poor.
- Ensure AECF funds have a catalytic effect by leveraging private sector investment as a fundamental part of the strategy.
Sectors
- Climate Change
- Livelihoods
- Private sector/business
Focus Countries: Democratic Republic of Congo, Ethiopia, Ghana, Kenya, Malawi, Mozambique, Nigeria, Rwanda, Sierra Leone, Somalia, South Africa, Sudan, South Sudan, Tanzania, Uganda, Zambia, and Zimbabwe
For more information, please visit https://www.gov.uk/international-development-funding/africa-enterprise-challenge-fund.