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Small and Medium Enterprises (SMEs) are widely recognized as big drivers of economic growth, innovation, regional development and job creation. A strong and vibrant SME sector provides a strong foundation to increase standards of living and to reduce poverty. 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 levels required to secure bank facilities.
Mauritius, 14th April 2016 – African Guarantee Fund (AGF) has officially been joined by the Nordic Development Fund (NDF) as a new shareholder, with the signing of an agreement to establish a Green Guarantee Facility. The signing which took place during AGF’s Board Meeting held in Mauritius will see NDF bring on board EUR 6 million in equity and an additional EUR 1.6 million in grant support for Capacity Development.
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SMEs impact within the community
Our Shareholders
Denmark’s development policy aims to combat fighting poverty through promotion of human rights and economic growth.
The Spanish Agency for International Development Cooperation (Agencia Española de Cooperación Internacional para el Desarrollo, AECID) is a state department of the Ministry of Foreign Affairs and Cooperation.
The former president of the African Development Bank (AfDB) Donald Kaberuka, announced in June 2012 the official launch of the African Guarantee Fund (AGF), a market-friendly guarantee scheme aims at easing access to finance for African small and medium-sized enterprises (SMEs).
Our Development Partners

SIDA is a government agency working on behalf of the Swedish parliament and government, having its place of business in the Republic of Sweden and with its principal office at Valhallavagen 199 105 25 Stockholm, Sweden.
ATI was launched  in 2001 with a mandate to create insurance and reinsurance products to help reduce the risks and costs of doing business in Africa. It was created to fill a market gap in trade and investment risk mitigation in Africa.
The United States Agency for International Development (USAID) is the U.S. government agency that provides foreign assistance to support shared development objectives. USAID implements Development Credit Authority (DCA) guarantees. 

The Nordic Development Fund (NDF) is the joint development finance institution of the five Nordic countries. The objective of NDF's operations is to facilitate climate change investments in low-income countries.
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Abidjan, 29th April 2016

2014 AGF Annual Report
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