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AATF Inaugural Report - African Agricultural Technology Foundation

AATF Inaugural Report - African Agricultural Technology Foundation

AATF Inaugural Report - African Agricultural Technology Foundation

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A New Bridge to Sustainable <strong>Agricultural</strong> Development in Africa<br />

While the <strong>Foundation</strong> forecasts a growing<br />

demand for its interventions over time,<br />

it does not anticipate a material increase in<br />

its staff or operating budget. Its focus on<br />

cost-effectiveness – on the wise and effective<br />

use of donor funds – and on integrating the<br />

valuable lessons that come with project experience<br />

into its ongoing efforts will enable it to<br />

meet growing demand without substantial<br />

increases in funding for its own operations.<br />

The vast majority of additional funds that<br />

come to <strong>AATF</strong> will be devoted to covering its<br />

direct investments in project activities. In fact,<br />

the <strong>Foundation</strong>’s overheads, as a proportion of<br />

total project costs, are projected to fall from<br />

their current level of about 51% during <strong>AATF</strong>’s<br />

start-up to between 10–12% by 2012. Thus,<br />

as the <strong>Foundation</strong> mobilises new resources for<br />

project activities, very little of any new funding<br />

obtained will be allocated to maintaining the<br />

organisation itself; growth will instead occur<br />

in project activities that lead to payoffs for<br />

intended beneficiaries.<br />

32

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