2.0 REACT Sub Saharan Africa Funding Window.
REACT Sub-Saharan Africa (REACT SSA) is a US$ 48 million, Swedish International Development Agency (Sida) funded programme that provides financing and technical assistance to innovative renewable energy businesses/ business ideas across sub-Saharan Africa (SSA). The programme commenced in November 2017 and will run for five years in Burkina Faso, Ethiopia, Kenya, Liberia, Mali, Mozambique, Zimbabwe together with a regional component to support technical assistance, and learning activities.
REACT SSA is expected to catalyse the private sector to increase supply of cleaner fuels (e.g. ethanol) and cook stoves, and to raise awareness of the dangers from indoor air pollution. Providing low cost, clean energy will help improve the lives of the poor as children will be able to study using cost effective lighting. The programme is supporting activities that demonstrate how new knowledge in renewable energy technologies can be put into practice in ways that benefit the poor, especially women. It will also address provide and evidence base to address challenges in policy concerning the uptake of renewable energy in participating countries. These include: inadequate legal, regulatory and institutional frameworks; lack of funds to expand rural electrification programmes; pricing distortions that are disadvantageous to renewables; high upfront capital costs and financial institution reticence to clean energy lending; and limited relevant skills and expertise.
At this Inception Phase REACT SSA, the AECF is seeking for a consultant to work with its programme management team and develop a country specific implementation framework for Ethiopia.
The Africa Enterprise Challenge Fund (AECF) is a US$ 304 million private sector challenge fund that provides catalytic funding to enterprises in 24 countries in Sub-Saharan Africa.
The fund supports innovative commercial businesses in the agribusiness, renewable energy and adaptation to climate change technology sectors with the aim of reducing rural poverty, promoting resilient rural communities and creating jobs through private sector development. We invest in businesses that are seen as “risky” and that struggle to meet traditional risk-return standards for commercial investors and which offer significant impact on poverty alleviation by creating jobs and sustainable incomes.
For more information about us please visit: www.aecfafrica.org
