AGRITEC ID Plenary Session I - KPMG - Julio Garrido Mirapeix

The Africa Enterprise Challenge Fund Agritec ID – EMR Business Forum Lisbon January 2011 Julio Garrido-Mirapeix, KPMG DAS

Presentation OutlineBackground: Why AECF?How AECF worksAECF Current StatusAECF New WindowsAECF The future

AECF: BackgroundMDGs, Food Crisis, little investment inagriculture in AfricaChanges in development co-operation: Moreemphasis on PSD and on market-basedsolutionsBigger role for the private sector to promotedevelopmentBut the private sector faces huge transactioncostsShare risks and provide incentives: socialventure capital, challenge funds

An introduction to the AECFA challenge fund for the private sector tofinance innovative business ideas to have apositive impact on the rural poor in Africa.Funders, Governance and ManagementThe AECF application and selection processInitial capital was US$35m and is nowUS$90m – and growing...

KPMG DAS: Managing AECF and much moreAn African business unitDevelopment professionals+ 150 dedicated staff + associatesManaging several other bigprogrammes like AECFCutting edge of development

AECF FOCUSFinding the right projects

Portfolio – some examplesSeed technologies, insecticidesProduction, processing & marketing: avocado,banana, cassava, cotton, cocoa, cowpea, maize,fruits, pigeon pea, rice, sugarcane, sorghum,vegetablesWholesale marketsAnimal health & dairy productsWeather & crop insuranceMobile banking

Projects - CountriesBurundi, Burkina Faso, Cameroon,DRC, Ghana, Kenya, Mali, Malawi,Nigeria, Sierra Leone,Rwanda,Tanzania, South Africa, SouthSudan, Uganda, Zimbabwe

AECF Performance Awarded grants 39 Business plans 105 Shortlisted for IC 232 Concept notes submitted 1570Registered companies 3124 7 Rounds completed Performance to date 5 June 2008 to 30 September 2010

AECF – Current Status WindowsAECF General (AECF - Agribusinessand Financial Services) +AECF FragileStates US$ 36mPlus:– Zimbabwe US$ 9.6m– Research into Business RIB US$ 20m– Renewable Energy and Adaptive Climate Technologies REACT US$ 16m– Tanzania Agribusiness US$ 8m

AECF – Current Status PerformanceTotal US$90m; Committed US$43m; Inprogress US$47mUS$ 105.8m matching funds from privatecompanies (leverage of 3.3)Total projects value US$ 150mEstimated 2.5 million rural people will benefitfrom these projects

AECF Contact InformationWebsite: www.aecfafrica.orgGeneral Enquiries: info@aecfafrica.orgAECF KPMG Partner: jgarrido-mirapeix@kpmg.co.keAECF Director: hugh.scott@aecfafrica.org

AGRITEC ID Plenary Session I - KPMG - Julio Garrido Mirapeix

by EMRC on Jan 24, 2011

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AGRITEC ID Plenary Session I - KPMG - Julio Garrido Mirapeix — Presentation Transcript