Introduction to the Africa Enterprise Challenge Fund (AECF)
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The document introduces the Africa Enterprise Challenge Fund (AECF), which provides funding to private sector businesses in Africa. It has committed $66.8 million to 87 projects across 17 countries that are estimated to benefit 3 million rural Africans. New funding windows include the Agribusiness Africa Window, South Sudan Window, and REACT Round 2 for renewable energy and climate adaptation projects. Applicants can apply online at www.aecfafrica.org for funding between $250,000-$1.5 million per project in the form of grants and loans.
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Introduction to the Africa Enterprise Challenge Fund (AECF)
- 2. Introduction to the Africa Enterprise Challenge Fund AECF London Event 10 th November 2011 Hugh Scott, Director, AECF
- 6. AECF FOCUS Finding the right projects
- 7. AECF Performance Business plans Shortlisted for IC Concept notes submitted Registered companies Projects Approved 87 190 399 3053 5459 11 Rounds completed 5 June 2008 to 30 September 2011 Performance to date
- 9. Key Results AECF 2010 400,000 households: 2m poor people
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- Lead partner or engagement quality control KPMG INSTRUCTOR- Ask participants: “What are some of the questions we might ask as we develop our proposal strategy (what are the considerations)?” Suggested responses: What is the issue or opportunity? What are the firm’s key competitive differentiators? What is the client willing to spend? What are the resource requirements for this engagement? Identify Proposal Team & Potential Engagement Resources - The prospective Engagement Partner should identify a team to lead the proposal effort. This team typically includes the Prospective Engagement Manager and any key subject matter professionals (Senior Associates, Associates, Manager, etc). The engagement team members may be proposed at this stage, but they are usually not formally scheduled until after an Engagement Letter is signed by the client. In selecting resources for the engagement, the Proposal Team will consider each of the following items: Client Experience – Select individuals who have had successful projects with the client in the past. Service Line Experience – While it is important to have experienced service line professionals on the engagement team, it is also important to put together a diverse team with varying and complimentary backgrounds. Regulatory Experience – Each engagement team should have an understanding of the client’s current regulatory environment. Industry Experience – Consider using resources who have experience working in the client’s industry. Time- 3-4 minutes KPMG