African Enterprise Challenge Fund

AECF (African Enterprise Challenge Fund) is a leading non-profit impact investment organization that supports innovative small and medium-sized enterprises (SMEs) across sub-Saharan Africa. While its primary focus areas are agribusiness and renewable energy, AECF has historically managed specialized windows in the healthcare sector, such as the Health Enterprise Fund, which supported private sector solutions for maternal and child health and infectious diseases. The organization provides catalytic funding through grants and zero-interest loans to businesses that struggle to access traditional capital. By reducing risk for private sector investors and providing technical assistance, AECF aims to create jobs, improve livelihoods, and foster resilient communities through market-based solutions.