Who We Are


The AECF (formerly the “Africa Enterprise Challenge Fund”) is a leading African-based development organisation that supports innovative commercial businesses in the agribusiness and renewable energy sectors with the aim of reducing rural poverty, promoting resilient communities and creating jobs.  The AECF has raised over US$ 392 million to date and provides catalytic funding and technical advisory support to enterprises in 26 countries in sub-Saharan Africa by investing in businesses that struggle to meet traditional risk-return standards for commercial investors. In just over a decade, we have supported 343 impact focused businesses, impacted more than 28 million lives, created close to 25,898 direct jobs, and leveraged over US $753.8 million in matching funds.

In 2021, the AECF launched a new strategy with the objective to build resilience and sustainable incomes for rural and marginalised communities in Africa. Through catalytic funding, we help surface and commercialize new ideas, business models, companies and technologies designed to increase agricultural productivity, expand energy access, and alleviate poverty while also addressing the crosscutting themes of women, youth, climate change and fragility. AECF is committed to working in frontier markets, fragile contexts, and high-risk economies where few mainstream financing institutions dare to go.

Areas of Investment

The AECF targets investments in the following sectors:

  • Agriculture and agribusiness
  • Renewable energy and adaptations to climate change
  • Rural financial services and communications systems that support the two sectors