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 />
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