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AECF (Africa Enterprise Challenge Fund)

AECF (Africa Enterprise Challenge Fund)

AECF (Africa Enterprise Challenge Fund)

The Africa Enterprise Challenge Fund (AECF) is a US$200 million fund spanning Africa. The AECF is an “impact investor” in the broadest sense that aims to make agribusiness, rural finance, renewable energy and climate change market systems work better for the rural poor in Africa leading to increased incomes and jobs for millions of poor, rural households. The AECF encourages private sector companies to compete for investment support for new and innovative business ideas that, while risky, will be commercially viable and have a large positive development impact on rural areas across Africa. The AECF awards grants and interest free, non-recourse, loans (between US$250,000 and US$1.5m per business) to successful applicants after demand-led (call for applications) competitive bidding rounds.

Professional

Location:
Nairobi, Kenya

Posted:
3 Apr 2013

Deadline:
Opportunity has expired

Salary details:
Competitive salary and benefits.

Head of AECF Investment Brokerage Unit (IU)

Exciting Career Opportunity!

Nairobi, Kenya

Applicants are required to hold the relevant Visas/Work Permits

Salary details:
Competitive salary and benefits.

Job Type:
Full-time
Level:
Senior Level
Escape Factors:
Adventurous Challenge
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The purpose of this engagement will be to set up and manage the IU of the AECF which will pro-actively help the AECF to be more effective as a feeder fund for more commercial providers of debt and equity finance. In this regard, the IU will develop a sound understanding of the businesses funded by the AECF (about 180 by the end of 2103) and their financial needs beyond what is currently provided by the AECF. In addition, the IU will develop a thorough knowledge of providers of debt and equity finance to the AECF’s sectors (agribusiness, renewable energy amongst others) and their conditions and requirements. The IU’s major task will be to assist AECF funded businesses to obtain additional finance to grow their businesses. The performance of the IU and its Head will be measured in terms of how many deals are brokered; how much money has been leveraged into AECF supported businesses (and other businesses) and how much development impact has been created from this additional money made available to these businesses.

Qualifications and experience

  • An undergraduate degree in finance, economics or related discipline (a post graduate degree or equivalent qualification in a related discipline would also be preferable), with at least 10 years experience in Investment Banking with, ideally, experience in lending to, or investing in, agribusiness in Africa (Sub-Sahara).
  • Empathy with the aims and objectives of impact investing and some knowledge of doing business in Africa (Sub-Sahara) would be valuable.

Skills and attributes

  • Capable of building and sustaining relationships with senior professionals across a number of sectors and countries.
  • Financial and analytical skills.
  • Professional attitude to work and a clear work ethic.
  • Ability to plan and organise effectively and to work under pressure.

Time Inputs: The Head of Investment Unit will be employed full-time on a 3 year contract with possibility of extension.

 

This opportunity has expired
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