Africa Enterprise Challenge Fund (AECF)

"The AECF makes its funding available through competitions. Private sector companies are invited to compete for AECF funds by submitting their new and innovative business ideas to a particular AECF competition. These ideas have to comply with the rules (eligibility and selection criteria) of the particular competition being applied for. The best ideas are awarded up to US$1.5m in grants and interest free loans. "

Investor Vision

To unlock the power of the private sector to transform the lives of rural and marginalized communities in Africa

Investor Funding Goals

Reducing rural poverty, promoting resilient rural communities and creating jobs through private sector development

Investor Entrepreneurial Experience

AECF has invested in over 250 enterprises in sub-Saharan Africa across 24 countries

Investor Technical Experience

Our breadth of experience has allowed us to build a deep understanding of the specific challenges faced by entrepreneurs in different countries

Services Besides Funding?

Assistance with financial management and business reporting; specialised technical assistance in selected cases; brokerage and transaction services to investees to match them to external commercial and impact investors and to secure follow-on capital ("AECF Connect" service).

Year
2008
Countries
Cameroon
Angola
Botswana
Burkina Faso
Burundi
Equatorial Guinea
Gabon
The Gambia
Guinea
Guinea-Bissau
Liberia
São Tomé and Príncipe
Sierra Leone
Togo
Mauritania
Eswatini
Lesotho
Malawi
Mozambique
Namibia
South Africa
Zambia
Zimbabwe
Central African Republic
Chad
Comoros
Democratic Republic of the Congo
Republic of the Congo
Mali
Niger
Eritrea
Madagascar
Mauritius
Seychelles
Somalia
South Sudan
Sudan
Tanzania
Uganda
Benin
Cape Verde
Senegal
Algeria
Egypt
Libya
Morocco
Tunisia
Djibouti
Sectors
Agriculture & AgriTech
Clean Energy
Human Rights & Social Issues
Capital Types
Lending
Grant
Provider Types
Impact Investor
Public / Semi-public
Competitions
Type of Exit Sought

Full repayment of principal (if zero-interest loan provided)

Country / Region of Interest

Sub-Saharan Africa

Time to Close Deal in Days
180
Time to Exit in Years
6
Maximum Investment
1.5m
Minimum Investment
250k