African Guarantee Fund
Source: African Guarantee Fund |

African Guarantee Fund Appoints Jules Ngankam as Group Chief Executive Officer

The appointment follows his recent nomination as Acting Group CEO at the beginning of July 2020, when the founding CEO transitioned to Board Chairman

Ngankam’s appointment was confirmed by AGF Board of Directors on 22nd September 2020; He has worked with the pan-African financial guarantee provider for the past seven years. African Guarantee Fund (www.AfricanGuaranteeFund.com) has announced the appointment of Jules Ngankam as the new Group Chief Executive Officer. The appointment follows his recent…

African Guarantee Fund
Source: African Guarantee Fund |

The pan-African guarantee fund’s first CEO Felix BIKPO will transition to Board Chairman and Deputy CEO Jules NGANKAM appointed as Acting Chief Executive Officer

Mr. NGANKAM joined the Company in 2013 as Chief Finance Officer and was appointed Deputy Chief Executive Officer by the Board on 20 April 2017

After a 9-year tenor since the founding of African Guarantee Fund (www.AfricanGuaranteeFund.com) for Small and Medium-sized Enterprises (AGF), Group Chief Executive Officer Felix BIKPO decided to retire from his position. Mr. BIKPO was however requested to continue offering his services to the Company in a new capacity as Board Chairman.…

Source: African Guarantee Fund |

African Guarantee Fund Announces Response to Economic Impact of COVID-19

Fund Unveils COVID-19 Guarantee Facility Aimed at Reducing Financial Uncertainties Resulting from the Pandemic

African Guarantee Fund (www.AfricanGuaranteeFund.com) for Small and Medium-sized Enterprises (AGF), has today announced its COVID-19 response aimed at reducing the uncertainties facing financial institutions in Africa as a result of the global coronavirus pandemic. AGF’s COVID-19 response is built on the imperative need for commercial solutions over and above the…

African Guarantee Fund
Source: African Guarantee Fund |

Boon for African Small and Medium-Sized Enterprises (SME) as African Guarantee Fund receives USD 33 Million Capital Increase

The African Guarantee Fund is focused on its goal to provide financial guarantees for over 10,000 SMEs annually through partner financial institutions

Africa’s leading Guarantee Institution, African Guarantee Fund (AGF) (http://www.AfricanGuaranteeFund.com/) has received an additional USD 33M financing from German lender KfW Development Bank , in a move that will catapult AGF’s efforts to enable African SMEs continue to play their critical role in driving Africa’s economy. This new financing comes at…

African Guarantee Fund
Source: African Guarantee Fund |

The African Guarantee Fund joins African Banker Awards as platinum sponsor capping a remarkable year for the fund

This year’s awards will take place in Busan, Korea during the AfDB’s annual meetings in May

The African Guarantee Fund (AGF) (www.AfricanGuaranteeFund.com) was officially launched in 2012, as an initiative of the African Development Bank alongside the governments of Spain and Denmark to help financial institutions lend more to SMEs by providing guarantees against risk of defaults. In the last two years the AGF has added…

African Guarantee Fund
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    • Felix BIKPO- Chief Executive Officer , AGF and Lasitha PERERA- Chief Executive Officer, GuarantCo
    • Felix BIKPO- Chief Executive Officer, AGF and Lasitha PERERA- Chief Executive Officer, GuarantCo
    • Logo GuarantCo
    • The African Guarantee Fund CEO Mr. Felix A Bikpo(left) and the GuarantCo CEO Mr. Lasitha Perera (right) during the signing of the 75M USD portfolio guarantee set to benefit Small and Medium sized enterprises in Africa’s infrastructure sector
    • The African Guarantee Fund CEO Mr. Felix A Bikpo shakes hands with his GuarantCo Counterpart Mr. Lasitha Perera after signing the partnership
    • The African guarantee fund and GuarantCo share a picture moment after the signing of their partnership
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Source: African Guarantee Fund |

African SMEs Set to Benefit from USD 74M Guarantee

SMEs in Africa’s infrastructure sector to benefit from African Guarantee Fund’s increased capacity through GuarantCo’s re-guarantee facility

The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) (www.AfricanGuaranteeFund.com) has today entered into a re- guarantee transaction of an amount of up to USD 74 million with GuarantCo (www.GuarantCo.com), to increase its guarantee capacity for SME financing. SME’s have a large and growing impact on GDP in emerging…

African Guarantee Fund
Source: African Guarantee Fund |

Video News Release: The African Guarantee Fund Receives Very Strong ‘AA-‘ Fitch Rating Owing to Strong Business Model and Operational Strategy

The African Guarantee Fund is the first guarantee fund in Africa to receive a very strong Fitch rating

This material is public and can be used freely

The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) (www.AfricanGuaranteeFund.com) which assists financial institutions in Africa to scale up their SME financing through the provision of partial loan guarantees and capacity development assistance has received an Insurance Financial Strength (IFS) rating of ‘AA-‘ (very strong) from the globally renowned…