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Africa Enterprise Challenge Fund Competition for DR Congo, Liberia, Sierra Leone and Somalia/Somaliland

By Elvis Iruh
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The Africa Enterprise Challenge Fund (AECF) is launching a new special funding window for countries emerging from conflict to catalyze private sector investment in agribusiness and rural finance in DR Congo, Liberia, Sierra Leone, and in Somalia/Somaliland. This information was disclosed to recently in Den Haag.

AECF will support ideas in the fields of agribusiness, associated service sectors, rural financial services and value chains which extend from rural DRC, Liberia, Sierra Leone and Somalia/Somaliland to local and international markets. To qualify for funding, your business idea should be commercially viable and have a positive impact on the rural poor: delivering increased employment; reduced costs and improved productivity.

African and international for-profit companies are eligible to apply as long as the projects are implemented in one or more of the following countries in DR Congo, Liberia, Sierra Leone and Somalia/Somaliland.

Visit the AECF website to get more information on how to apply for funding.

This program was launched on 15th April 2012 and deadline for receiving applications is 15th June 2012. Spread this information to people from these countries.

About AECF
The Africa Enterprise Challenge Fund (AECF) is a US$150m private sector fund, backed by some of the biggest names in development finance and hosted by the Alliance for a Green Revolution in Africa (AGRA). A challenge fund such as the AECF is designed to stimulate investment by the private sector in new and innovative business ideas with potential for wider social benefit. AECF does this by reducing the financial risks related to pursuing those ideas. The fund manger of the AECF is KPMG Development Advisory Service.