The African Solidarity Fund, a multilateral African financial institution for guarantees, is strengthening its foundations for a new era of solidarity and development.
Libreville, Thursday, September 4, 2025 – The 4th Ordinary Session of the Board of Governors of the African Solidarity Fund (ASF) was held via videoconference, under the chairmanship of Mr. Henri-Claude OYIMA, Minister of State, Minister of Economy, Finance, Debt and Participation, in charge of the Fight against the High Cost of Living in Gabon, and current President of the Board of Governors of the ASF.
In addition to Gabon, a founding member, the fourth Ordinary Session of the Board of Governors saw the active and enriching participation of Finance Ministers from the vast majority of the 23 regional member countries of the ASF, belonging to African economic communities, including CEMAC, ECOWAS, COMESA, UMA, and AES.
The members of the ASF Board of Governors, while noting the ongoing economic progress in Africa, emphasized that the work of the fourth session took place at a key moment in global economic evolution and a pivotal period in the continent’s industrialization development, particularly impacted by:
- the extension of the Russo-Ukrainian war;
- the implementation of customs barriers imposed by the United States;
- the constraints of energy transition, facing significant needs for the growth and industrialization of African economies;
- and the increasing difficulties of African countries in accessing international financial markets resources.
The Board of Governors warmly welcomed the positive direction of the results, the financial strength, and the perfect sustainability of the ASF, now ranked among the most credible partners for guarantee activity and financing of structuring projects, promoting growth and development in African countries.
The Governors congratulated the Board of Directors and the Director General for the relevant orientations and efficiency in implementing decisions, which have led to remarkable progress in the good governance of the African Solidarity Fund, whose strength and credibility are confirmed by:
- the Investment Grade (Baa1) rating by Moody’s;
- the AAA rating in regional currency by GCR Ratings;
- the ISO 9001:2015 certification by Bureau Veritas.
The Board of Governors also:
(i) approved the annual accounts, including those prepared in accordance with IFRS standards, to strengthen transparency and reliability of financial information, and
(ii) discharged the auditors and directors for the management of the fiscal year ending on December 31, 2024.
