Agriculture Fast Track (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.
The Call for Proposals is posted on the AFT Fund website and on other media. Concept Notes must then be submitted and reviewed by AFT. Applicants who pass the Concept Note review are invited to submit a Full Technical Application. After this point, the application is reviewed by AFT. AFT Fund’s Technical Review Committee (TRC), the Oversight Committee (OC) and the AfDB Board make the grant application approvals. Then the Grantee executes activities related to the proposed investment indicated in their grant application and funds are disbursed from AFT Fund to the service providers selected by the grantees.
USD 23.8 million
Announcements for the opening of Call for Proposals are usually made twice every year.