Frequently Asked Questions
AFT is a an Agriculture Project Preparation Facility aimed at reducing the cost of project preparation, which project sponsors may otherwise not be willing to offset. The AFT facilitates preparation of agricultural projects in Africa, especially those aimed at agriculture infrastructure development by providing grants to enhance generation of data and information that improve the quality of project preparation and make them bankable and attractive for funding by Development Finance Institutions, including agricultural finance organizations. Through this, a pipeline of investment-ready agricultural projects can be developed, also attractive to private sector sponsors.
Announcements for the opening of Call for Proposals are usually made twice every year.
The amount of funds available at project inception was US$23.8 million.
We are accepting grant applications from 10 countries in Africa - Benin, Burkina Faso, Cote d’Ivoire, Ethiopia, Ghana, Malawi, Mozambique, Nigeria, Senegal and Tanzania.
No, applications will only be accepted from the 10 eligible countries.
Eligible countries are those that are members of the New Alliance Cooperation Framework.
Although the ATF will try to balance the country spread, there is no limit to the number of grant allocated per country in each of the 10 eligible countries.
Small and Medium Enterprises (SMEs) in the agriculture sector, government agencies preparing agriculture infrastructure projects, non-governmental and civil society organizations such as farmer organizations and agriculture Fund Managers with clients seeking last mile financing or advisory services to formulate bankable agricultural development proposals.
No, we only receive applications from organizations in the agriculture sector and applications that have a bearing on agricultural development in Africa.
Yes. AFT avails about 30% of its funding to the public sector and about 70% to the private sector.
Co-funding is encouraged, but not necessary. The bank could finance the study fully provided that it does not exceed the ceiling (US$ 1.0 million). In event that you have secured funds from AFT and find that it falls short of your real study requirements, you may consider topping it up from other sources.
- Step 1: 'Call for Proposals' posted on AFT Fund website and other media
- Step 2: Eligibility Screening
- Step 3: Concept Notes Submission and review by AFT
- Step 4: Applicants who pass the Concept Note review are invited to submit a Full Technical Application
- Step 5: Submission of Full Technical Application and review by AFT
- Step 6: AFT Fund’s Technical Review Committee (TRC), the Oversight Committee (OC) and the AfDB Board make the grant application approvals.
- Step 7: Communication to grant winners / signing of agreement
- Step 8: Grantee executes activities related to the proposed investment indicated in their grant application
- Step 9: Funds disbursed from AFT Fund to the service providers selected by the grantees
No. The application is free. AFT does not charge any fee at any stage of the application process.
Applications are only accepted after the announcement for Call for Proposals. We do not accept unsolicited applications outside of timelines indicated in a particular Call for Proposals. If you were able to submit an application, then you applied during an active Call for Proposals.
At the end of the proposal window, the AFT Fund team will review each application against a fixed set of scoring criteria. Top grant applications will then be submitted to the Technical Review Committee (TRC) for approval. After the review process is complete, applicants are informed of the outcome of their application for an AFT Fund grant via e-mail.
Organizations making significant changes to the scope, schedule or budget provided in their application are requested to inform AFT about the changes.
The following are common reasons for disqualification:
- Late applications - An application submitted or resubmitted after the stipulated deadline.
- Documents not submitted in PDF format
- Applications outside of the 10 selected countries in the Call for Proposals
- Applications not targeting the agriculture sector
Yes. If you want to appeal a decision you should contact the AFT with a request for appeal, and provide any additional documentation you want considered in the appeal process. AFT will follow its appeal procedures. You will be informed of the results of the appeal. The appeal decision is final; no further consideration will be given.
The following will be required for a complete application:
- Applicant details
- Information on the planned investment
- Information on planned investment financing
- Management structure and profiles
- Applicant’s past experience related to the proposed investment
- Target market output from the proposed investment
- Anticipated development impact
- Procurement plan
- Consultant(s) TORs
The grants are intended to absorb front-end development costs such as, but not limited to:
- Feasibility studies
- Market research
- Product certification related activities
- Financial modeling
- Business plan development
- Environmental Impact Assessment
The grants are not intended for, but not limited to costs such as:
- Business relocation
- Employee salaries
- Marketing and advertising costs
- Legal fees
The AFT funds is purely for studies, and not given as capital for investment. The output of the studies are geared to helping the recipients secure investment capital from other financial institutions. In event that the feasibility study concludes that the investment is not feasible, you have to look for other investment alternatives.
AFT does not have restrictions. For example, land acquisition, irrigation/farming equipment, processing plants, processing machinery, etc. count as infrastructure capex that feasibility studies can be focused on. For example, a study can be conducted to determine a piece of land's soil quality assessment prior to acquiring it.
Although one of the objectives of the AFT Fund is to encourage other capital sources to invest in a project, funds from external sources are not a necessity. A company can proceed with implementation without seeking additional capital.