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The Africa Trade Fund (AfTra) is a trade-related, technical assistance facility with the objective to accelerate the integration of RMCs and RECs in regional and global trading systems.
It was created in March 2012 by the African Development Bank (AfDB) to assist low income African countries to develop trade-related skills, regulatory regimes and infrastructure so as to enhance trade performance and competitiveness.
The resources are focused on areas where trade facilitation is needed. Priority sectors such as agriculture (especially SPS), soft infrastructure, institutional capacity development, private sector development, as well as science and technology would all benefit, but this list is not mutually exclusive.
The Fund is guided by four pillars. A specific percentage of the resources are dedicated to each pillar:
Financing from AfTra shall be provided in the form of non-reimbursable grants only.
Organizations that are eligible to receive funds from AfTra include:
Eligible organizations are invited to apply when the Bank issues a “call for proposals”. Interested organizations should pay specific attention to the specifications in the call for proposals and tailor their application accordingly. The call for proposals shall include an application form and a specific timeframe within which the form must be filled and forwarded to the Bank for review and consideration.
AfTra is set up as a demand-driven, quick access, and quick disbursing Fund.
The beneficiary of the grant is required to submit to the Bank regular reports on the financial status and implementation progress of projects financed under AfTra. In addition to this, a final project completion report should be submitted by the beneficiary on completion of the activity/project.