African Guarantee Fund (AGF)
Pan-African non-bank FI providing 50% partial loan portfolio guarantees to financial institutions. AA- Fitch rated. Major deals: AGF-Equity Bank USD 1bn, AGF-Ecobank USD 200M. AFAWA unlocked ~USD 1bn for 14,000+ women-owned businesses.
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Description
The African Guarantee Fund (AGF) is a non-bank financial institution providing partial loan portfolio guarantees, typically covering 50% of risk, to financial institutions across Africa. AGF holds an AA- rating from Fitch. Major partnerships include the AGF-Equity Bank USD 1 billion guarantee facility and the AGF-Ecobank USD 200 million facility. Through its role as implementing partner for the AfDB AFAWA Guarantee for Growth programme, AGF has unlocked approximately USD 1 billion in financing for over 14,000 women-owned businesses. AGF also supports green finance, agribusiness, and youth entrepreneurship via dedicated guarantee windows.
Focus Sectors
SME, Women-Led, Green Finance, Agribusiness, Youth
Source: African Guarantee Fund
Ghana 
Tunisia 
South Africa 
Egypt 
Nigeria