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Financing Source: AECF - Africa Enterprise Challenge Fund
Last edited on 6/10/2023 by Maria Yetano
(Date format: DD/MM/YYYY)
- Grant
- Debt
- Other
- SHS
- Minigrid
- Other
Applications for funding follow a two-stage process. Companies wishing to apply in a particular competition submit an initial application to AECF before the specified calendar deadline. AECF reviews the initial applications. The leading ones are selected for the second stage of the competition.
In the second stage, AECF requires a full business plan. During this stage, AECF visits the applicants to offer guidance. The final business plans are presented to an independent committee for funding decisions.
As of 2020, AECF had supported 145 companies across three regions and 14 countries through its Renewable Energy and Adaptation to Climate Technologies (REACT) portfolio.
The amount of funding that the AECF can award to a single business is between US $15,000 and US $1.5 million, although this amount may vary depending on the competition.
