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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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African Guarantee Fund Partners with Co-operative Bank to Boost Green Financing in Kenya

The Loan Portfolio Guarantee amounting to USD 7.5 million will increase financing of green SMEs.

AGF signs MOU with TADB to boost agribusinesses financing in Tanzania

The MOU will allow TADB to disburse up-to USD 20 million worth of loans to agribusinesses.

AGF issues first tranche of USD 50 Million Guarantee to Equity Group to support SMEs.

The facility is earmarked to support Equity to scale up its lending activities to women owned and managed SMEs

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

AGF is an implementing partner of YEI MDTF and will lead on capacity development trainings. The AFRICAN GUARANTEE FUND FOR SMALL AND MEDIUM-SIZED ENTERPRISES (AGF WEST AFRICA S.A.) has granted a portfolio guarantee line amounting to 5 billion CFA francs to Société Générale Benin to support SMEs, women's entrepreneurship and green economy in Benin. The USD 25 million enhancement brings the total 10-year loan guarantee to USD 43 million. The guarantee will enable Sidian Bank scale up their lending activities to SMEs in Kenya. The inauguration was presided over by the presidency of the Togolese Republic represented by the Minister of Trade, Industry and Local Consumption. The capital increase is partially financed by the Danish Government, as part of the Danish “COVID-19 Development Assistance” package. AGF's recognition is credited to setting up an ecosystem that creates value as well as having high impact initiatives in Africa. AGF has issued a loan portfolio guarantee amounting to USD 10 million to Afriland First Bank. The partnership will unlock $1.3 to 2 billion in loans to women-owned SMEs in Africa.