Project profile — Aceli Agri-SME Market Incentive Facility



Overview 

CA-3-P012106001
$15,000,000
Aceli Africa Inc.
2024-02-28 - 2034-03-31
Operational
Global Affairs Canada
YFMInternaAssistPartnershp&Programing Br

Country / region 

• South of Sahara, regional (100.00%)

Sector 

• Agriculture: Agricultural financial services (31193) (100.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (not targeted)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)

Description 

The Aceli Agri-SME Market Incentive Facility aims to unlock financing for high-impact agri-SMEs. The proposed facility aims to provide financial incentives to increase the risk appetite of financial institutions (global and local). It also aims to facilitate technical assistance to expand the ability of high-impact small and medium enterprises (SMEs) to qualify for and manage financing. Project activities include: (1) offering financing incentives to financial institutions (both local and international in Sub-Sahara Africa); (2) offering impact bonus to financial institutions that serve borrowers that are inclusive (gender and youth) and contribute to food security on the continent; and (3) providing technical assistance for early and growth stage SMES, both pre and post investment.

Expected results 

The expected outcomes of this project include: (1) improved ability to serve agri-SMEs, particularly those that are gender inclusive, by the financial institutions supported by Aceli Africa; (2) enhanced capacity of lenders and agri-SMEs to apply good Environmental, Social and Governance (ESG) standards and access and manage financing; and (3) improved food security and nutrition, gender and youth inclusion, and climate smart agricultural practices by high-impact agri-SMEs in Sub-Saharan Africa.

Results achieved 

N/A

Budget and spending 


Original budget $3,000,000
Planned disbursement $3,000,000
Transactions
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Project-type interventions