May 18, 2017 8:56:00 AM
As part of its strategy to establish partnerships with the private sector to build a green deforestation-free economy in Central Africa in support of a broader program of REDD+ activities, CAFI is considering setting up and funding an incubator-accelerator, with an initial focus on the Democratic Republic of the Congo and Gabon, to identify local companies and business partners and facilitate the development of new investment projects.
Today CAFI, through UNDP, invites propositions to undertake a feasibility study for such incubator / accelerator. The lack of identification of investment-ready projects and local partners are important constraints to foreign investors. Most investors do not necessarily have offices or local presence in Central Africa and therefore may require support to develop bankable projects and investments opportunities, as well as to identify reliable and competent local business partners. This potential incubator / accelerator will lay the foundation for a pipeline of investable enterprises and projects, and ultimately, link this pipeline to a sizeable blended-finance facility that will catalyze donor/development finance institutions and private sector funding.
The incubator may serve as a stand-alone technical assistance/incubation mechanism, or may be linked to a tailored blended-financing platform that would support the portfolio of incubated enterprises. Among other potential services, the incubator could provide technical assistance, dissemination of sustainable technical models, design of sound business plans, access to inputs needed to start activities, and support in securing land tenure or other critical interface with the government and the enabling ecosystem.
Given the high risk nature of such an incubation/acceleration platform in some Central African countries, CAFI is pursuing a phased approach that includes:
The feasibility study will include:
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