africa enterprise challenge fund

The Africa Enterprise Challenge Fund (AECF) is a development institution that supports businesses to innovate, create jobs, and leverage investments to build resilience and sustainable incomes in rural and marginalized communities in Africa. Established in 2008 as a special partnership initiative of the Alliance for a Green Revolution in Africa (AGRA), AECF operates as a challenge fund, providing catalytic funding as grants and zero-interest loans. Its primary mission is to reduce rural poverty by backing enterprises that are commercially viable and have a strong developmental impact on local communities.