The AECF runs competitions open only to for-profit companies, and has to date funded over 80 projects in Africa including three in Sierra Leone. KPMG is the Fund Manager of the AECF. The competition seeks innovative business ideas in agri-business, financial services and value chains that combine commercial viability with development.
The West Africa Director of the Fund, Dr. George Manu, told reporters during the launch in Monrovia on Wednesday, April 19, 2012 that:
A project must be commercially viable and have a positive impact on the rural poor in Africa in order to qualify for funding. Furthermore, as the AECF operates on a risk sharing basis, companies applying would need to match our funding or make significant contribution to the projects.