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Africa Enterprise Challenge Fund (AECF)

2007 - ongoing

Implementing agencies
Fund managed by KPMG International Development Advisory Services (KPMG IDAS) and established as a special partnership initiative of the Alliance for a Green Revolution in Africa (AGRA); Triple Line Consulting supports KPMG in the evaluation and assessment of applications to the fund

African partners
Pan-African organisation

Names of African partners involved
African Union's New Partnership for Africa's Development through its involvement within the Alliance for a Green Revolution in Africa (AGRA)

Donor involvement (incl. IOs)
Multi-donor, Multilaterals involved, Bilaterals involved

Names of donors involved (incl. IOs
Australia (Australia Aid), Denmark (DANIDA), International Fund for Agricultural Development (IFAD), Netherlands, Sweden (SIDA), United Kingdom (DFID),

Geographical scope

Countries where active
Burundi, Kenya, Mozambique, Rwanda, Tanzania, Uganda

Renewables, Electricity, Heating and Cooling, Cooking Energy

Sub Sectors (Electricity)
Grid connected generation, Mini-grids, Stand-alone off-grid

Type of intervention
Operative program / delivery mechanism (downstream)

Type of technical assistance

Gender focus

Climate focus

Type of financing
Grant, Debt

Main objectives
The Fund supports innovative commercial businesses in the agribusiness, renewable energy and adaptation to climate change technology sectors with the aim of reducing rural poverty, promoting resilient rural communities and creating jobs through private sector development.

Main activities
The AECF invests in businesses that are seen as “risky” and that struggle to meet traditional risk-return standards for commercial investors and which offer significant impact on poverty alleviation by creating jobs and sustainable incomes. Access to low cost sources of renewable energy: This includes cost effective renewable power, commercially viable renewable fuels and other clean energy alternatives; - Technology for Climate Change Adaptation: The emphasis is on products and services that help rural people and smallholder farmers adapt to climate change; - Increased access to end user financing for clean energy: End user financing that allows customers to pay for clean energy assets in affordable increments is a key factor in the rapid uptake of off-grid solar home systems and other clean energy products (e.g. cook stoves).



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