Africa Trade Fund (AfTra) - African Development Bank

Donor: 
Any donor
International Finance Institutions
Geographical focus: 
Global
Africa
Thematic focus: 
Tourism in general
Policy and Governance in Tourism
Trade, Investment and Competitiveness in Tourism
Intro text: 
Hosted by the African Development Bank’s Regional Integration & Trade Division, AfTra was set up in March 2012 with a clear aim of facilitating trade openings in low-income African economies. AfTra is a trade-related, multi-million dollar technical assistance facility with the objective to accelerate the integration of Regional Member Countries (RMCs) and Regional Economic Communities (RECs) in regional and global trading systems.

Official website

www.africatradefund.org

Geographic focus

Africa, Regional member countries of the African Development Bank

Who can apply?

Organizations that are eligible to receive funds or assistance directly from AfTra include: 

  1. Regional Economic Communities and regional institutions as well as regional agencies or institutions concerned with trade development.
  2. Regional member countries of the Bank, political subdivisions or agencies concerned with trade development. Recipients can be bodies of the central or local government, or a municipality. 
  3. Private sector organizations such as industry associations, business organizations, growers’ associations, chambers of commerce as well as Non-Governmental Organizations (NGOs), at the country or regional level, civil society organizations, and community-based organizations (CBOs) whose credibility and role can be verified and established.

Objectives and activities

Objective: The Africa Trade Fund (AfTra) is the organization dedicated to unlocking Africa’s trade potential. We believe that trade is the lifeblood of growing economies. By funding trade projects that knock down barriers, improve efficiency and add value, we aim to drive growth and boost livelihoods where it’s needed most.

Activities:

  • Pillar I: Improving trade facilitation in RMCs and RECs: The Fund will leverage technical assistance to support implementation of RMCs and RECs Trade Action Plans;
  • Pillar II: Product and Marketing Development: Improving product quality (in line with international standards) and enhancing market access;
    • Tourism sector: Developing Products & Markets: Training, building capacity and sharing the benefits.
  • Pillar III: Strengthening country and regional trade-related institutions and systems: Build strong institutions with knowledgeable staff to support trade facilitations systems;
  • Pillar IV: Increasing the Bank’s internal capacity to provide enhanced advisory services and effectively support trade development in RMCs.

Type and level of funding

AfTra funds projects that facilitate trade, develop products and markets and build capacity in institutions, with a focus on low-income African economies. The transparent application process is designed to identify and support projects with the greatest potential. Call for proposals: please either sign up for the newsletter or periodically check the website for details.

Financing from AfTra shall be provided in the form of non-reimbursable grants only.