Since the Alliance was officially launched, several milestones have been achieved to ensure its operational success. These milestones have enabled the formation of a functional structure for members, a system for growing the membership and selecting projects, and the assurance of having a set of projects to use for initiating activity.
The project, membership and operational infrastructure that the Alliance has established since inception will be fully leveraged to ramp up its delivery mechanism for a more significant impact.
Two member categories, “Core” and “Associate” were finalized in October 2022. Core members are signatories to the Alliance working arrangement and are responsible for the initiative’s fundamental governance, strategy and administration. Associate members endorse the Alliance’s principles, form the initiative’s innovative layer, contribute products that address market failures, and actively support project development and implementation.
The qualifying criteria for an Alliance project were established, including: core members' participation, priority sectors, reach & replication, and principles for innovative project development. Initial projects were placed on the platform to spark dialogue and collaboration.
After productive and engaging consultations between the Alliance members, a Working Arrangement was finalized to formalize the collaboration between the core members of the Alliance. The Working Arrangement was drafted to meet the governance requirements of the core members, with a flexible framework that facilitates a streamlined partnership around agreed common goals.
Since June 2023, 15 new Associate Members have joined the Alliance through a nomination process. These new members bring their knowledge and networks to the AforE, helping to shape the initiative's direction and support building a strong base of investors and innovators to strengthen the impact of the AforE. More information on our members can be found here.
Currently, the Alliance platform boasts a portfolio of 21 projects with a total value of 6 billion dollars. These projects hold immense potential to reach a wide range of SMEs and support entrepreneurship in critical areas. These projects aim to address pressing regional challenges like climate change, sustainable agriculture, and food security by promoting trade, facilitating access to finance, and providing liquidity.
At the start of 2024, the Alliance launched two working groups that are set to make a significant impact on startups and agriculture. These groups have a clear objective-to establish a supportive ecosystem for startups and stimulate agriculture sector growth. They will do this through innovative, collaborative solutions that address key growth inhibitors, making a real difference to the sector.
On May 24th, the Alliance was extended for an additional two years. In addition to expanding its portfolio of innovative projects and increasing its membership, the Alliance will also focus on providing analytics and relevant knowledge management to support the MSME ecosystem across the continent.
Two member categories, “Core” and “Associate” were finalized in October 2022. Core members are signatories to the Alliance working arrangement and are responsible for the initiative’s fundamental governance, strategy and administration. Associate members endorse the Alliance’s principles, form the initiative’s innovative layer, contribute products that address market failures, and actively support project development and implementation.
The qualifying criteria for an Alliance project were established, including: core members' participation, priority sectors, reach & replication, and principles for innovative project development. Initial projects were placed on the platform to spark dialogue and collaboration.
After productive and engaging consultations between the Alliance members, a Working Arrangement was finalized to formalize the collaboration between the core members of the Alliance. The Working Arrangement was drafted to meet the governance requirements of the core members, with a flexible framework that facilitates a streamlined partnership around agreed common goals.
Since June 2023, 15 new Associate Members have joined the Alliance through a nomination process. These new members bring their knowledge and networks to the AforE, helping to shape the initiative's direction and support building a strong base of investors and innovators to strengthen the impact of the AforE. More information on our members can be found here.
Currently, the Alliance platform boasts a portfolio of 21 projects with a total value of 6 billion dollars. These projects hold immense potential to reach a wide range of SMEs and support entrepreneurship in critical areas. These projects aim to address pressing regional challenges like climate change, sustainable agriculture, and food security by promoting trade, facilitating access to finance, and providing liquidity.
At the start of 2024, the Alliance launched two working groups that are set to make a significant impact on startups and agriculture. These groups have a clear objective-to establish a supportive ecosystem for startups and stimulate agriculture sector growth. They will do this through innovative, collaborative solutions that address key growth inhibitors, making a real difference to the sector.
On May 24th, the Alliance was extended for an additional two years. In addition to expanding its portfolio of innovative projects and increasing its membership, the Alliance will also focus on providing analytics and relevant knowledge management to support the MSME ecosystem across the continent.