Africa Guarantee Fund

African Guarantee Fund (AGF) is a Pan-African financial institution providing guarantees and financial products to de-risk lending for financial institutions. AGF's core offerings include loan and equity guarantees, enabling partner banks to expand credit access for small and medium-sized enterprises (SMEs). The firm also delivers capacity development, strengthening institutions to facilitate broader SME financing.

Established in 2011, AGF was founded through a joint initiative involving the Governments of Denmark and Spain, alongside the African Development Bank. The core insight addressed African SMEs' struggle for capital due to perceived high risks. AGF was conceived to mitigate these risks, catalyzing capital flow to a vital segment of the African economy.

AGF primarily serves African financial institutions expanding SME lending; SMEs are the ultimate beneficiaries of increased capital. The fund’s vision is to accelerate sustainable economic development by unlocking finance for SMEs, fostering job creation, and building an inclusive financial landscape across Africa, with emphasis on green initiatives.