International Finance Corporation (IFC) – a sister organization of the World Bank and member of the World Bank Group – is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world.
About FCS Africa
IFC’s Fragile and Conflict Situations (FCS) Africa program was established in 2014 to support and help grow IFC’s investment and advisory engagements in African fragile and conflict situations.
AECF (Africa Enterprise Challenge Fund) is a leading non-profit development organisation that supports innovative enterprises in the agribusiness and renewable energy sectors with the aim of reducing rural poverty, promoting resilient communities and creating jobs.
We catalyze the private sector by surfacing and commercializing new ideas, business models and technologies designed to increase agricultural productivity, improve farmer incomes, expand clean energy access, reduce greenhouse gas emissions and improve resilience to the effects of climate change. We finance high risk businesses that struggle to access commercial funding; we are committed to working in frontier markets, fragile contexts, and high-risk economies where few mainstream financing institutions dare to go.
To date, we have supported over 400 businesses in 26 countries in Sub-Saharan Africa, impacted more than 30 million lives and created over 27,000 direct jobs.
AECF is leading on the delivery of the rolling business competitions, drawing on our substantial experience managing challenge funds that incentivise early stage companies to scale up to reach under-served communities across Africa.
IFC is leading on promoting the initiative to large corporations in order to attract further investment into the market. We are also improving the policy and regulatory environment for new and existing businesses and enterprises in Kakuma town, Kakuma camp, and Kalobeyei settlement. We are working closely with the Turkana County Government and Government of Kenya on both these components