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Felix Bikpo

Message from Chairman of the Board

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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AFRICAN GUARANTEE FUND APPOINTS JULES NGANKAM AS GROUP CHIEF EXECUTIVE OFFICER

AGF has announced the appointment of Jules Ngankam as the new Group Chief Executive Officer.

AGF supports debt funding of the largest solar power plant in Madagascar

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.

TDB COMMITS USD 1 MILLION TO AGRI-SMEs IN PARTNERSHIP WITH GBF & AGF

The transaction is enhanced with a partial risk guarantee from AGF and blended with technical assistance contributions from TDB and AGF.

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

Togo

Partner Financial Institutions14
Guarantees issued (USD)90,029,201
Financing availed to SMEs (USD)101,063,551
Beneficiary SMEs28
Jobs created by SMEs9,401

* Numbers as of 31 Dec 2018

Sierra Leone

Partner Financial Institutions1
Guarantees issued (USD)10,100,000
Financing availed to SMEs (USD)11,390,199
Beneficiary SMEs33
Jobs created by SMEs1,060

* Numbers as of 31 Dec 2018

Senegal

Partner Financial Institutions9
Guarantees issued (USD)63,172,431
Financing availed to SMEs (USD)74,116,841
Beneficiary SMEs34
Jobs created by SMEs6,895

* Numbers as of 31 Dec 2018

Nigeria

Partner Financial Institutions4
Guarantees issued (USD)44,135,758
Financing availed to SMEs (USD)27,935,888
Beneficiary SMEs149
Jobs created by SMEs2,599

* Numbers as of 31 Dec 2018

Niger

Partner Financial Institutions6
Guarantees issued (USD)9,088,908
Financing availed to SMEs (USD)16,695,359
Beneficiary SMEs22
Jobs created by SMEs1,553

* Numbers as of 31 Dec 2018

Mauritania

Partner Financial Institutions1
Guarantees issued (USD)1,051,105
Financing availed to SMEs (USD)11,431,547
Beneficiary SMEs10
Jobs created by SMEs1,063

* Numbers as of 31 Dec 2018

Mali

Partner Financial Institutions8
Guarantees issued (USD)61,383,328
Financing availed to SMEs (USD)73,540,673
Beneficiary SMEs16
Jobs created by SMEs6,841

* Numbers as of 31 Dec 2018

Guinea Conakry

Partner Financial Institutions1
Guarantees issued (USD)3,274,376
Financing availed to SMEs (USD)3,386,498
Beneficiary SMEs2
Jobs created by SMEs315

* Numbers as of 31 Dec 2018

Guinea Bissau

Partner Financial Institutions1
Guarantees issued (USD)7,686,246
Financing availed to SMEs (USD)13,888,958
Beneficiary SMEs4
Jobs created by SMEs1,292

* Numbers as of 31 Dec 2018

Ghana

Partner Financial Institutions4
Guarantees issued (USD)15,980,136
Financing availed to SMEs (USD)7,379,248
Beneficiary SMEs7
Jobs created by SMEs686

* Numbers as of 31 Dec 2018

Cote D’Ivoire

Partner Financial Institutions14
Guarantees issued (USD)96,543,738
Financing availed to SMEs (USD)167,243,325
Beneficiary SMEs70
Jobs created by SMEs15,558

* Numbers as of 31 Dec 2018

Namibia

Partner Financial Institutions1
Guarantees issued (USD)2,731,955
Financing availed to SMEs (USD)64,306
Beneficiary SMEs1
Jobs created by SMEs6

* Numbers as of 31 Dec 2018

Cape Verde

Partner Financial Institutions1
Guarantees issued (USD)329,733
Financing availed to SMEs (USD)593,843
Beneficiary SMEs2
Jobs created by SMEs55

* Numbers as of 31 Dec 2018

Burkina Faso

Partner Financial Institutions9
Guarantees issued (USD)54,871,898
Financing availed to SMEs (USD)194,951,042
Beneficiary SMEs986
Jobs created by SMEs18,135

* Numbers as of 31 Dec 2018

Benin

Partner Financial Institutions8
Guarantees issued (USD)58,249,391
Financing availed to SMEs (USD)71,206,382
Beneficiary SMEs73
Jobs created by SMEs6,624

* Numbers as of 31 Dec 2018

Zimbabwe

Partner Financial Institutions5
Guarantees issued (USD)23,250,000
Financing availed to SMEs (USD)17,885,006
Beneficiary SMEs24
Jobs created by SMEs1,664

* Numbers as of 31 Dec 2018

Zambia

Partner Financial Institutions5
Guarantees issued (USD)23,923,678
Financing availed to SMEs (USD)26,155,470
Beneficiary SMEs70
Jobs created by SMEs2,433

* Numbers as of 31 Dec 2018

Mozambique

Partner Financial Institutions2
Guarantees issued (USD)4,676,835
Financing availed to SMEs (USD)5,666,325
Beneficiary SMEs28
Jobs created by SMEs527

* Numbers as of 31 Dec 2018

Malawi

Partner Financial Institutions1
Guarantees issued (USD)4,801,488
Financing availed to SMEs (USD)10,209,351
Beneficiary SMEs184
Jobs created by SMEs950

* Numbers as of 31 Dec 2018

Madagascar

Partner Financial Institutions2
Guarantees issued (USD)6,698,911
Financing availed to SMEs (USD)19,112,001
Beneficiary SMEs1,050
Jobs created by SMEs1,778

* Numbers as of 31 Dec 2018

Botswana

Partner Financial Institutions1
Guarantees issued (USD)25,000,000
Financing availed to SMEs (USD)64,304
Beneficiary SMEs1
Jobs created by SMEs6

* Numbers as of 31 Dec 2018

South Africa

Partner Financial Institutions1
Guarantees issued (USD)2,120,219
Financing availed to SMEs (USD)184,369
Beneficiary SMEs3
Jobs created by SMEs17

* Numbers as of 31 Dec 2018

Uganda

Partner Financial Institutions1
Guarantees issued (USD)14,841,029
Financing availed to SMEs (USD)10,830,809
Beneficiary SMEs6
Jobs created by SMEs1,008

* Numbers as of 31 Dec 2018

Rwanda

Partner Financial Institutions3
Guarantees issued (USD)11,884,615
Financing availed to SMEs (USD)21,878,162
Beneficiary SMEs16
Jobs created by SMEs2,035

* Numbers as of 31 Dec 2018

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 2018

Burundi

Guarantees issued (USD)2,500,000
Financing availed to SMEs (USD)64,293
Beneficiary SMEs1
Jobs created by SMEs6

* Numbers as of 31 Dec 2018

Sao Tome Principe

Partner Financial Institutions1
Guarantees issued (USD)873,188
Financing availed to SMEs (USD)209,435
Beneficiary SMEs3
Jobs created by SMEs19

* Numbers as of 31 Dec 2018

Gabon

Partner Financial Institutions3
Guarantees issued (USD)7,893,134
Financing availed to SMEs (USD)7,010,563
Beneficiary SMEs35
Jobs created by SMEs652

* Numbers as of 31 Dec 2018

Equatorial Guinea

Partner Financial Institutions1
Guarantees issued (USD)2,619,565
Financing availed to SMEs (USD)11,437,770
Beneficiary SMEs39
Jobs created by SMEs1,064

* Numbers as of 31 Dec 2018

Democratic Republic of Congo (DRC)

Partner Financial Institutions5
Guarantees issued (USD)41,865,942
Financing availed to SMEs (USD)112,959,998
Beneficiary SMEs535
Jobs created by SMEs10,508

* Numbers as of 31 Dec 2018

Chad

Partner Financial Institutions1
Guarantees issued (USD)4,204,420
Financing availed to SMEs (USD)64,287
Beneficiary SMEs1
Jobs created by SMEs6

* Numbers as of 31 Dec 2018

Cameroon

Partner Financial Institutions4
Guarantees issued (USD)35,769,400
Financing availed to SMEs (USD)93,425,355
Beneficiary SMEs316
Jobs created by SMEs8,691

* Numbers as of 31 Dec 2018

Tanzania

Partner Financial Institutions5
Guarantees issued (USD)59,958,625
Financing availed to SMEs (USD)141,778,978
Beneficiary SMEs3,827
Jobs created by SMEs13,189

* Numbers as of 31 Dec 2018

Kenya

Partner Financial Institutions19
Guarantees issued (USD)74,236,363
Financing availed to SMEs (USD)88,398,436
Beneficiary SMEs2,227
Jobs created by SMEs8,223

* Numbers as of 31 Dec 2018

news updates

Our latest news

The SMEs pulled from various West African countries will benefit from training, mentorship and technical assistance. Pioneer CEO transitions to Board Chairman and Deputy CEO appointed as Acting CEO. African Guarantee Fund – for Small and Medium-sized Enterprises Ltd (“AGF”) has received reports of scam emails offering loans to SMEs. African Guarantee Fund’s response sets the platform for economic stabilization followed by an economic revival. In the face of the outbreak of the coronavirus pandemic, AGF, continues to implement key safety measures. AGF commits USD 10 million towards SME Growth AGF & AFD sign an agreement that seeks to improve access to credit to SMEs throughout the African continent. The MoU that was signed on the sidelines of the Global Gender Summit seeks to increase financing to SMEs. The Nordic Development Fund (NDF) have marked their 30th anniversary and 10th anniversary in Climate Finance.