Aceli Africa Inc.
$15,000,000.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Canada
- Fiscal year
- 2023-2024
- Agreement period
- February 28, 2024 – March 31, 2034
- Project status
- Implementation
- Reference
- CA-3-P012106001
Published purpose
The Aceli Agri-SME Market Incentive Facility aims to unlock financing for high-impact agricultural small and medium sized enterprises (agri-SMEs). The project provides financial incentives to increase the risk appetite of global and local financial institutions to lend to these businesses, which lack access to capital. It also provides technical assistance to expand the ability of high-impact small and medium enterprises (SMEs) to qualify for and manage the financing. Project activities include: (1) offering financing incentives to financial institutions Sub-Sahara Africa; (2) offering an impact bonus to financial institutions that serve borrowers that are inclusive of gender and youth and contribute to food security on the continent; and (3) providing technical assistance for early and growth stage SMES, both before and after investment.
In plain English AI-generated
This project provides financial incentives and technical assistance to increase lending to agricultural small and medium enterprises in Sub-Saharan Africa, aiming to improve their access to capital and support food security, gender and youth inclusion.
Category: Foreign Aid Development Primarily funds activity outside Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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