The Africa Enterprise Challenge Fund      Agritec ID – EMR Business Forum             Lisbon January 2011      Julio Garri...
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: Moreempha...
An introduction to the AECFA challenge fund for the private sector tofinance innovative business ideas to have apositive i...
KPMG DAS: Managing   AECF and much moreAn African business unitDevelopment professionals+ 150 dedicated staff + associates...
AECF FOCUSFinding the right projects
Portfolio – some examplesSeed technologies, insecticidesProduction, processing & marketing: avocado,banana, cassava, cotto...
Projects - CountriesBurundi, Burkina Faso, Cameroon,DRC, Ghana, Kenya, Mali, Malawi,Nigeria, Sierra Leone,Rwanda,Tanzania,...
AECF Performance                      Awarded grants       39               Business plans              105         Shortl...
AECF – Current Status          WindowsAECF General (AECF - Agribusinessand Financial Services) +AECF FragileStates US$ 36m...
AECF – Current Status          PerformanceTotal US$90m; Committed US$43m; Inprogress US$47mUS$ 105.8m matching funds from ...
AECF Contact InformationWebsite: www.aecfafrica.orgGeneral Enquiries: info@aecfafrica.orgAECF KPMG Partner: jgarrido-mirap...
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AGRITEC ID Plenary Session I - KPMG - Julio Garrido Mirapeix

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AGRITEC ID Plenary Session I - KPMG - Julio Garrido Mirapeix

  1. 1. The Africa Enterprise Challenge Fund Agritec ID – EMR Business Forum Lisbon January 2011 Julio Garrido-Mirapeix, KPMG DAS
  2. 2. Presentation OutlineBackground: Why AECF?How AECF worksAECF Current StatusAECF New WindowsAECF The future
  3. 3. 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
  4. 4. 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$90m – and growing...
  5. 5. KPMG DAS: Managing AECF and much moreAn African business unitDevelopment professionals+ 150 dedicated staff + associatesManaging several other bigprogrammes like AECFCutting edge of development
  6. 6. AECF FOCUSFinding the right projects
  7. 7. Portfolio – some examplesSeed technologies, insecticidesProduction, processing & marketing: avocado,banana, cassava, cotton, cocoa, cowpea, maize,fruits, pigeon pea, rice, sugarcane, sorghum,vegetablesWholesale marketsAnimal health & dairy productsWeather & crop insuranceMobile banking
  8. 8. Projects - CountriesBurundi, Burkina Faso, Cameroon,DRC, Ghana, Kenya, Mali, Malawi,Nigeria, Sierra Leone,Rwanda,Tanzania, South Africa, SouthSudan, Uganda, Zimbabwe
  9. 9. AECF Performance Awarded grants 39 Business plans 105 Shortlisted for IC 232 Concept notes submitted 1570Registered companies 3124 7 Rounds completed Performance to date 5 June 2008 to 30 September 2010
  10. 10. AECF – Current Status WindowsAECF General (AECF - Agribusinessand Financial Services) +AECF FragileStates US$ 36mPlus:– Zimbabwe US$ 9.6m– Research into Business RIB US$ 20m– Renewable Energy and Adaptive Climate Technologies REACT US$ 16m– Tanzania Agribusiness US$ 8m
  11. 11. 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
  12. 12. AECF Contact InformationWebsite: www.aecfafrica.orgGeneral Enquiries: info@aecfafrica.orgAECF KPMG Partner: jgarrido-mirapeix@kpmg.co.keAECF Director: hugh.scott@aecfafrica.org

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