About

HISTORY

AGF was established in 2011 by the Government of Denmark (represented by DANIDA), the Government of Spain (represented by AECID) and the African Development Bank (AFDB), with a mandate of facilitating access to finance for SMEs to enable them fully play their role of driving the growth of African economies.

In 2015, four years after its founding, AGF concluded its first external growth operations with the acquisition of the Guarantee Fund for Private Investment in Africa (GARI Fund) for an amount of 35 million USD. At the end of this operation, the French Development Agency (AFD) became AGF’s fourth shareholder.

In 2016, the Nordic Development Fund (NDF) became AGF’s fifth shareholder. Under the leadership of NDF, AGF launched a Green Guarantee Facility to unlock financing for SMEs that invest in or market low-carbon technologies.

OWNERSHIP AND GOVERNANCE STRUCTURE

The African Guarantee Fund – for Small and Medium-Sized Enterprises Ltd (AGF) was incorporated in the Republic of Mauritius on 28th March 2011 as a private company limited by shares in accordance with the Companies Act 2001. It has been granted a Category 1 Global Business License by the Financial Services Commission.

The registered office is located at C/o Rogers Capital Fund Services Ltd, 3rd Floor, Rogers House, No.5 President John Kennedy Street, Port Louis.

AGF is duly registered under the Companies Act of Kenya and has a place of business in Nairobi, Kenya. It also has a subsidiary, African Guarantee Fund pour les petites et moyennes enterprises S.A. (AGF West Africa) in Lomé, Togo, from which it conducts business in West Africa Region.

VISION AND MISSION

To be the leading non-bank financial institution which meets Africa’s financing provider’s needs, effectively serving SMEs while maintaining our uncompromised principal as we grow.