12 months of nurturing great business ideas

12 months of nurturing great business ideas

Brussels Presentation

AECF at age ‘One’

The AECF – What it is1st Year PerformanceAECF Portfolio at June 2009Impact Forecast

AECF – what it isAim: pro-poor growth by making rural market systems work for poor.Challenge Fund: competitions for new business ideas that have large development impact – best bids winEligibility criteria: Private sector, matching funds, agribusiness and financial services, in Africa

AECF – what it isSelection criteria: Capacity, innovation, additionality, commercial viability, development impact and potential for systemic impact on market systemsInvestment size: US$250,000 to US$1.5mProducts: Grants and interest free loans

AECF Performance

1355

751

110

52

23AWARDED GRANTS

FIRST YEAR PERFORMANCE

REGISTERED COMPANIES

CONCEPT NOTES SUBMITTED

SHORTLISTED FOR IC

BUSINESS PLANS

3 Rounds completed 5 June 2008 to 12 June 2009

AECF Portfolio US$Agribusiness Rural Finance Totals

Grants Approved 9,851,054 2,728,435 12,579,489

Loans Approved 6,933,227 1,750,000 8,683,227

Total AECF Funds Committed

16,784,281 4,478,435 21,262,716

Matching Funds 18,038,025 10,978,435 29,016,460

Leverage 1.07 2.45 1.36

Portfolio Impact ForecastAgribusiness Rural Finance Total

Number of ProjectsApproved for funding

19 4 23

Jobs to be created by the businesses by end of Yr 3

7,067 462,094 469,161

No. of people with improved livelihoods by end of Yr 3

820,623 3,671,371 4,491,994

Total 827,690 4,133,465 4,961,155

SIERRA LEONE

The road ahead

• Specialization into windows:– Zimbabwe window (Additionality, risks)– Research into Business window (innovation)– CAADP Pillar II window (systemic change)

• Value Chains/corridors; bigger “Anchor Firms” and SME’s and outgrowers.

AECF contact information

Visit our website: www.aecfafrica.org

Contact us by email: [email protected]