The AECF (Africa Enterprise Challenge Fund) (www.aecfafrica.org), is the leading African-based development organization 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$495 million to date and provides catalytic funding to enterprises in 27 countries in Sub-Saharan Africa by investing in businesses that struggle to meet traditional risk-return standards for commercial investors.
The programme aims to contribute to sustainable socio-economic development and enhanced climate resilience for underserved markets in Ethiopia by catalyzing private sector investment to improve agricultural productivity, food security, and household energy access. The facility complements Ethiopia’s National Electrification Program (NEP 2.0) and National Sustainable Energy Development Strategy (2024–2030), which emphasize the role of decentralized renewable solutions in achieving universal access and climate resilience.
To be eligible for funding, private sector companies must meet the following criteria:
- Request a grant within the stipulated range.
- Be legally registered and physically established in Ethiopia as a for-profit company and must have operated for a period of no less than two (2) full accounting years at the time of application.
- Annual turnover for the most recent year should be more than 50% of the grant amount requested.
- Be a registered (or willing to register prior to the start of the investment), private sector enterprise that is aligned with the focus value chains.
For more information, read the term sheet in the following link.
The applications will be reviewed on a first come first serve rolling basis until all the available grant funds are awarded.
DISCLAIMER
This call for application is not binding upon The AECF and no legal right or obligations arises therefrom. The AECF reserves the right to determine the structure of the selection process, number of short-listed applicants, the right to withdraw from the process, the right to change timetables at any time without notice and reserves the right to withdraw this call for applications at any time, without prior notice and without incurring any liability to indemnify, compensate and/or reimburse any party whatsoever.
The AECF team invites you to complete this concept note questionnaire as part of the competitive pre-qualification process of potential companies in the Renewable Energy and Climate Technologies (REACT) Kenya Programme. This initiative aims to contribute to Kenya’s green growth by providing low-carbon and lower-polluting employment opportunities, increasing income, enhancing resilience, and improving the quality of life.
This step involves submitting the initial concept note request, which outlines your proposed project idea to the REACT Kenya Challenge Fund.
You must complete all required fields to complete the application process. All required fields are indicated (required).
You can save your progress and return to the app at any time by clicking the “Save Draft” button at the bottom of the form. The form automatically saves your progress; however, we recommend manually saving your progress.
Don't forget to click the "Submit" button at the end of the form. The AECF can only access your concept note after you submit it. We will send you a confirmation email once you submit your application.
The applications will be reviewed on a first come first serve rolling basis until all the available grant funds are awarded.
This application process will require the applicant to share personal data. AECF complies with data protection laws and regulations in Kenya, this data will therefore be processed within the framework of the subject's right to privacy.
Download the project Term sheet using the links provided below
Result Based Finance Term sheet
Milestone Based Grants Term sheet
If you would like further clarification regarding the concept note, please email us at
AECFREACTKenya@aecfafrica.org.
DISCLAIMER
This call for application is not binding upon The AECF and no legal right or obligations arises therefrom. The AECF reserves the right to determine the structure of the selection process, number of short-listed applicants, the right to withdraw from the process, the right to change timetables at any time without notice and reserves the right to withdraw this call for applications at any time, without prior notice and without incurring any liability to indemnify, compensate and/or reimburse any party whatsoever.