AGF is a Pan-African financial institution that promotes economic development, increases employment and reduces poverty in Africa by providing financial institutions with guarantees and other financial products specifically intended to support Small and Medium-sized Enterprises in Africa.
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.
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.