{"id":464322,"date":"2019-01-14T15:15:31","date_gmt":"2019-01-14T15:15:31","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=464322"},"modified":"2019-01-14T15:15:31","modified_gmt":"2019-01-14T15:15:31","slug":"kfw-joins-african-guarantee-fund","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/01\/14\/kfw-joins-african-guarantee-fund\/","title":{"rendered":"KfW joins African Guarantee Fund"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The German development bank KfW entered the African Guarantee Fund (AGF) at the end of the year with a stake of 25 million dollars. A cash flow thanks to which the pan-African SME guarantee institution has successfully closed the first round of raising $ 90 million from its fundraising campaign.<\/p>\n<p>&#8220;The capital increase has allowed AGF to acquire more capacity to deal with the financing barrier, which remains a major challenge for African SMEs,&#8221; said Felix BIKPO, the institution&#8217;s managing director in a statement. &#8220;AGF will now be able to provide more guarantees and technical assistance to financial institutions, thereby generating further growth in the African SME sector,&#8221; he added.<\/p>\n<p>&#8220;The institutional and economic strength of AGF, which is reflected in its AA- rating, makes AGF an ideal partner for African commercial banks ready to finance SMEs. Our investment in AGF is part of KfW&#8217;s strategy to promote private investment and financial markets in Africa, &#8220;said Thomas Duve, KfW&#8217;s regional fund manager.<\/p>\n<p>$ 1.6 billion for SMEs in 6 years<\/p>\n<p>AGF&#8217;s goal is to leverage $ 320 million in additional capital over the next 4 years to reduce the estimated SME financing gap of more than $ 155 billion.<\/p>\n<p>Over the last six years, the institution has provided guarantee products to more than 100 financial institutions, providing $ 1.6 billion in financing for SMEs in 39 African countries.<\/p>\n<p>As the first pan-African financial institution to provide financial structures with collateral and other similar or related financial products specifically designed to support SMEs in Africa, in December 2017 AGF obtained the AA- rating from Fitch Ratings. It has among its shareholders, among others, the ADB and development agencies such as AFD (France) and DANIDA (Denmark).<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The German development bank KfW entered the African Guarantee Fund (AGF) at the end of the year with a stake of 25 million dollars. A cash flow thanks to which the pan-African SME guarantee institution has successfully closed the first round of raising $ 90 million from its fundraising campaign. &#8220;The capital increase has allowed<\/p>\n","protected":false},"author":536501,"featured_media":464323,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11996,12046,12008],"tags":[12092,8035,1080],"class_list":{"0":"post-464322","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-finance-en","8":"category-leaders-en","9":"category-stock-exchanges","10":"tag-agf-en","11":"tag-felix-bikpo","12":"tag-kfw","13":"post_format-post-format-aside","14":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>KfW joins African Guarantee Fund - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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The institution is rated AA- by the agency Fitch Ratings (December 2017)."},{"@type":"WebSite","@id":"https:\/\/www.financialafrik.com\/en\/#website","url":"https:\/\/www.financialafrik.com\/en\/","name":"Kapital Afrik","description":"All African finance","publisher":{"@id":"https:\/\/www.financialafrik.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.financialafrik.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.financialafrik.com\/en\/#organization","name":"Kapital Afrik | All African finance","url":"https:\/\/www.financialafrik.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.financialafrik.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.kapitalafrik.com\/wp-content\/uploads\/2020\/06\/logo-430x76-kapital-afrik-.png","contentUrl":"https:\/\/www.kapitalafrik.com\/wp-content\/uploads\/2020\/06\/logo-430x76-kapital-afrik-.png","width":1740,"height":266,"caption":"Kapital Afrik | All African finance"},"image":{"@id":"https:\/\/www.financialafrik.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/FinancialAfrik\/","https:\/\/x.com\/Financialafrik","https:\/\/www.instagram.com\/financialafrikbusiness\/","https:\/\/www.linkedin.com\/in\/financial-afrik\/","https:\/\/www.youtube.com\/channel\/UCSeoXcgLHLSVaKqMP7cQaJQ\/"]},{"@type":"Person","@id":"https:\/\/www.financialafrik.com\/en\/#\/schema\/person\/f7e87efc1ab99d63f5a67e33445172c5","name":"Jean-Mermoz Konandi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a3b47f1d15e479906db705b4c52803108abf6df200307c2eabe109798b4880f7?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a3b47f1d15e479906db705b4c52803108abf6df200307c2eabe109798b4880f7?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a3b47f1d15e479906db705b4c52803108abf6df200307c2eabe109798b4880f7?s=96&d=blank&r=g","caption":"Jean-Mermoz Konandi"},"url":"https:\/\/www.financialafrik.com\/en\/author\/konandifa\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2019\/01\/L\u2019African-Guarantee-Fund-AGF-obtient-un-solide-AA-Haute-qualite\u0301-par-l\u2019Agence-de-notation-Fitch-Ratings-1-627x353.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/posts\/464322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/users\/536501"}],"replies":[{"embeddable":true,"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/comments?post=464322"}],"version-history":[{"count":0,"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/posts\/464322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/media\/464323"}],"wp:attachment":[{"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/media?parent=464322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/categories?post=464322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/tags?post=464322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}