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  • 1. Introduction to the Africa Enterprise Challenge Fund EMRC Kampala, Uganda 5th October 2010 Hugh Scott, Director, AECF
  • 2. Presentation Outline Introduction to the AECF AECF Performance to date AECF Research into Business Window AECF REACT East Africa Window AECF Tanzania Agribusiness Window AECF Zimbabwe Window AECF The future
  • 3. An introduction to the AECF A challenge fund for the private sector Funders, Governance and Management Aims, objectives and outcomes The AECF application and selection process AECF Competitions to date & future Initial capital was US$35m and is now US$89m – and growing...
  • 4. AECF FOCUS Finding the right projects SCALE (SOCIAL) VIABILITY IMPACT
  • 5. AECF Performance Awarded grants 40 Business plans 105 Shortlisted for IC 232 Concept notes submitted 1570 Registered companies 3124 7 Rounds completed Performance to date 5 June 2008 to 30 September 2010
  • 6. AECF – Performance 40 projects in 16 countries US$37m committed (US$13m grant, US$14m repayable) US$50m matching funds committed (US$77m into projects) Estimated 2.5 million rural people will benefit from these projects
  • 7. AECF Research into Business (RIB) Commercializing agricultural research and technology A special window open only to business ideas that are based on agricultural research, Africa-wide Funded initially by DFID (US$20m) Virtual Market Place 1st Round winners announced 5 November, 2010 Round 2 opens 15th October 2010
  • 8. AECF REACT Window A special funding window for business ideas that are based on renewable energy and adaptation to climate technologies 1st Round for East Africa (Burundi, Kenya, Rwanda, Tanzania, Uganda): Launch 1st November, 2010 Funded by UK aid (DFID) - US$15m Key strands within REACT: – Increased access to low cost, clean energy for rural businesses and households – Products and services that help smallholder farmers adapt to climate change – Financial services that increase access to finance for low cost clean energy and climate resilient technologies or catalyse financial solutions
  • 9. REACT: Project Examples Renewable Energy Adaptation to Climate Financial Services Technologies •Micro solar PV solutions •Drought resistant seeds •Increased access to for households & finance for renewable businesses that have little •Early weather warning energy & adaptation to hope of grid access systems that increase climate technologies eg resilience and reduce through credit guarantees •Power generation from vulnerability agricultural waste, with •Weather insurance for excess supplied to local •Small scale irrigation smallholder farmers households systems Lighting Africa ILRI ILRI
  • 10. Tanzania Agribusiness Window (TZAW) Special window for Tanzania agribusiness, funded UKAid (DFID). US$7.5m for 2 rounds Minimum US$100,000 and max US$1m Round 1 opens 1 November, 2010 Closes 31st January 2011 Launch events: Dar, Arusha, Mwanza & Mbeya
  • 11. Special window for Zimbabwe agribusiness and rural financial services, funded AusAID Round 1: 570 registrations, 375 Concept Notes, 42 shortlisted US$6m awarded to 10 winners Good synergy and business to business; 6 input & distribution projects + complementary services Round 2: Opens 15/10/10, closes 30/11/10 Soros Economic Development Fund providing additional debt/equity finance
  • 12. AECF Contact Information Website: www.aecfafrica.org General Enquiries: info@aecfafrica.org AECF Director: Hugh Scott hugh.scott@aecfafrica.org