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Felix Bikpo

Message from the Group Chief Executive Officer

Despite the internationally recognized importance of SMEs, African small businesses often have difficulties accessing financing for growth and innovation from the formal financial sector. SME financing is often considered by many financial sector players in Africa to be a risky activity as promoters quite more often than not, fail to come up with the collateral […]

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IFU ISSUES USD 20 MILLION CAPITAL INCREASE TO AGF FOR GREEN SME FINANCING

The capital increase is partially financed by the Danish Government, as part of the Danish “COVID-19 Development Assistance” package.

AGF issues first tranche of USD 50 Million Guarantee to Equity Group to support SMEs in Kenya, Uganda, Rwanda & DRC

AGF issues first tranche of USD 50M Guarantee to Equity Bank to support SMEs in Kenya, Uganda, Rwanda & DRC

AFRICAN GUARANTEE FUND AND AFRILAND FIRST BANK PARTNER TO FINANCE CAMEROONIAN SMEs

AGF has issued a loan portfolio guarantee amounting to USD 10 million to Afriland First Bank.

African Guarantee Fund

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African Guarantee Fund contributes to the promotion of economic development in Africa through provision of Partial Guarantees & Capacity Development to Financial Institutions to facilitate access to finance for Small and Medium-sized Enterprises.

Click on map to discover more about the countries where AGF products are implemented

Tunisia

Partner Financial Institutions1
Guarantees issued (USD)10,000,000
Financing availed to SMEs (USD)8,894,678
Beneficiary SMEs3
Jobs created by SMEs827

* Numbers as of 31 Dec 2020

Mauritius

Partner Financial Institutions2
Guarantees issued (USD)26,789,103
Financing availed to SMEs (USD)674,625
Beneficiary SMEs70
Jobs created by SMEs63

* Numbers as of 31 Dec 2020

Angola

Partner Financial Institutions1
Guarantees issued (USD)3,757,391

* Numbers as of 31 Dec 2020

Togo

Partner Financial Institutions12
Guarantees issued (USD)139,875,734
Financing availed to SMEs (USD)164,598,289
Beneficiary SMEs27
Jobs created by SMEs15,311

* Numbers as of 31 Dec 2020

Sierra Leone

Partner Financial Institutions1
Guarantees issued (USD)10,100,000
Financing availed to SMEs (USD)11,324,707
Beneficiary SMEs32
Jobs created by SMEs1,053

* Numbers as of 31 Dec 2020

Senegal

Partner Financial Institutions10
Guarantees issued (USD)92,651,915
Financing availed to SMEs (USD)90,900,944
Beneficiary SMEs70
Jobs created by SMEs8,456

* Numbers as of 31 Dec 2020

Nigeria

Partner Financial Institutions5
Guarantees issued (USD)50,004,519
Financing availed to SMEs (USD)33,444,524
Beneficiary SMEs167
Jobs created by SMEs3,111

* Numbers as of 31 Dec 2020

Niger

Partner Financial Institutions6
Guarantees issued (USD)15,224,321
Financing availed to SMEs (USD)18,732,794
Beneficiary SMEs21
Jobs created by SMEs1,743

* Numbers as of 31 Dec 2020

Mauritania

Partner Financial Institutions2
Guarantees issued (USD)8,295,150
Financing availed to SMEs (USD)15,147,079
Beneficiary SMEs9
Jobs created by SMEs1,409

* Numbers as of 31 Dec 2020

Mali

Partner Financial Institutions10
Guarantees issued (USD)70,153,626
Financing availed to SMEs (USD)83,256,515
Beneficiary SMEs44
Jobs created by SMEs7,745

* Numbers as of 31 Dec 2020

Guinea Conakry

Partner Financial Institutions3
Guarantees issued (USD)16,954,395
Financing availed to SMEs (USD)10,544,352
Beneficiary SMEs59
Jobs created by SMEs981

* Numbers as of 31 Dec 2020

Guinea Bissau

Partner Financial Institutions2
Guarantees issued (USD)13,732,171
Financing availed to SMEs (USD)15,262,876
Beneficiary SMEs3
Jobs created by SMEs1,420

* Numbers as of 31 Dec 2020

Ghana

Partner Financial Institutions4
Guarantees issued (USD)17,157,955
Financing availed to SMEs (USD)7,121,968
Beneficiary SMEs6
Jobs created by SMEs663

* Numbers as of 31 Dec 2020

Cote D’Ivoire

Partner Financial Institutions12
Guarantees issued (USD)165,431,253
Financing availed to SMEs (USD)241,392,857
Beneficiary SMEs113
Jobs created by SMEs22,455

* Numbers as of 31 Dec 2020

Namibia

Partner Financial Institutions1
Guarantees issued (USD)2,673,069

* Numbers as of 31 Dec 2020

Cape Verde

Partner Financial Institutions1
Guarantees issued (USD)350,770
Financing availed to SMEs (USD)584,616
Beneficiary SMEs1
Jobs created by SMEs54

* Numbers as of 31 Dec 2020

Burkina Faso

Partner Financial Institutions9
Guarantees issued (USD)63,552,483
Financing availed to SMEs (USD)249,733,873
Beneficiary SMEs1,061
Jobs created by SMEs23,231

* Numbers as of 31 Dec 2020

Benin

Partner Financial Institutions10
Guarantees issued (USD)113,604,193
Financing availed to SMEs (USD)74,205,103
Beneficiary SMEs74
Jobs created by SMEs6,903

* Numbers as of 31 Dec 2020

Zimbabwe

Partner Financial Institutions5
Guarantees issued (USD)23,250,000
Financing availed to SMEs (USD)17,820,704
Beneficiary SMEs22
Jobs created by SMEs1,658

* Numbers as of 31 Dec 2020

Zambia

Partner Financial Institutions6
Guarantees issued (USD)18,880,132
Financing availed to SMEs (USD)34,997,414
Beneficiary SMEs93
Jobs created by SMEs3,256

* Numbers as of 31 Dec 2020

Mozambique

Partner Financial Institutions2
Guarantees issued (USD)11,696,504
Financing availed to SMEs (USD)6,662,381
Beneficiary SMEs31
Jobs created by SMEs620

* Numbers as of 31 Dec 2020

Malawi

Partner Financial Institutions2
Guarantees issued (USD)9,528,098
Financing availed to SMEs (USD)28,486,588
Beneficiary SMEs394
Jobs created by SMEs2,650

* Numbers as of 31 Dec 2020

Madagascar

Partner Financial Institutions3
Guarantees issued (USD)9,705,129
Financing availed to SMEs (USD)20,838,749
Beneficiary SMEs1,010
Jobs created by SMEs1,938

* Numbers as of 31 Dec 2020

Botswana

Partner Financial Institutions1
Guarantees issued (USD)25,000,000

* Numbers as of 31 Dec 2020

South Africa

Partner Financial Institutions1
Guarantees issued (USD)5,075,927
Financing availed to SMEs (USD)15,605,067
Beneficiary SMEs38
Jobs created by SMEs1,452

* Numbers as of 31 Dec 2020

Uganda

Partner Financial Institutions4
Guarantees issued (USD)41,926,461
Financing availed to SMEs (USD)38,166,721
Beneficiary SMEs334
Jobs created by SMEs3,550

* Numbers as of 31 Dec 2020

Rwanda

Partner Financial Institutions4
Guarantees issued (USD)22,272,951
Financing availed to SMEs (USD)26,659,587
Beneficiary SMEs21
Jobs created by SMEs2,480

* Numbers as of 31 Dec 2020

Djibouti

Partner Financial Institutions1
Guarantees issued (USD)11,050,000
Financing availed to SMEs (USD)21,173,249
Beneficiary SMEs1
Jobs created by SMEs1,970

* Numbers as of 31 Dec 2020

Burundi

Partner Financial Institutions1
Guarantees issued (USD)2,500,000

* Numbers as of 31 Dec 2020

Sao Tome Principe

Partner Financial Institutions1
Guarantees issued (USD)928,897
Financing availed to SMEs (USD)158,655
Beneficiary SMEs2
Jobs created by SMEs15

* Numbers as of 31 Dec 2020

Gabon

Partner Financial Institutions3
Guarantees issued (USD)11,183,086
Financing availed to SMEs (USD)15,075,650
Beneficiary SMEs66
Jobs created by SMEs1,402

* Numbers as of 31 Dec 2020

Equatorial Guinea

Partner Financial Institutions1
Guarantees issued (USD)2,786,690
Financing availed to SMEs (USD)12,556,704
Beneficiary SMEs38
Jobs created by SMEs1,168

* Numbers as of 31 Dec 2020

Democratic Republic of Congo (DRC)

Partner Financial Institutions6
Guarantees issued (USD)97,144,483
Financing availed to SMEs (USD)195,117,099
Beneficiary SMEs744
Jobs created by SMEs18,150

* Numbers as of 31 Dec 2020

Chad

Partner Financial Institutions2
Guarantees issued (USD)12,698,363
Financing availed to SMEs (USD)3,704,174
Beneficiary SMEs2
Jobs created by SMEs345

* Numbers as of 31 Dec 2020

Cameroon

Partner Financial Institutions5
Guarantees issued (USD)46,282,078
Financing availed to SMEs (USD)176,269,653
Beneficiary SMEs481
Jobs created by SMEs16,397

* Numbers as of 31 Dec 2020

Tanzania

Partner Financial Institutions7
Guarantees issued (USD)75,964,325
Financing availed to SMEs (USD)333,574,643
Beneficiary SMEs5,637
Jobs created by SMEs31,030

* Numbers as of 31 Dec 2020

Kenya

Partner Financial Institutions21
Guarantees issued (USD)105,689,371
Financing availed to SMEs (USD)197,075,888
Beneficiary SMEs3,653
Jobs created by SMEs18,333

* Numbers as of 31 Dec 2020

news updates

Our latest news

The inauguration ceremony was presided over by H.E. Faure Essozimna Gnassingbé, President of the Togolese Republic... AGF's recognition is credited to setting up an ecosystem that creates value as well as having high impact initiatives in Africa. The partnership will unlock $1.3 to 2 billion in loans to women-owned SMEs in Africa. This financial guarantee will be entirely dedicated to Small and Medium Enterprises qualified for green financing. AGF has donated essential medical equipment worth Kshs. 2.2 million to Pumwani Maternity Hospital. The SMEs pulled from various West African countries will benefit from training, mentorship and technical assistance. GreenYellow, Axian, Societe Generale, GuarantCo and AGF close EUR 16.2 million transaction to support debt funding of a 20 MW solar photovoltaic power plant. AGF has announced the appointment of Jules Ngankam as the new Group Chief Executive Officer. The transaction is enhanced with a partial risk guarantee from AGF and blended with technical assistance contributions from TDB and AGF.