African Guarantee Fund

07/07/2026

AGF recently joined the Government of Kenya, key financial sector players and development partners to mark the World MSME Day celebrations at Kenyatta International Convention Centre (KICC) in Nairobi. The conversation was not just about celebrating Kenyan entrepreneurs, it was about acknowledging that the country’s economic potential depends on unlocking finance for the millions of micro, small and medium enterprises that remain outside the formal banking system.

Speaking during a high-level panel moderated by H.E. President William Samoei Ruto, PhD, our Group CEO, Constant N'ZI. emphasised the need to move beyond financing only the "safe" MSMEs and extend greater support to businesses that have the potential to grow but would have been excluded due to perceived risk.

At AGF, we are intentional about ensuring that our risk-sharing mechanisms and capacity building help make underserved MSMEs bankable; instead of simply supporting the already bankable businesses. That's why we are strengthening partnerships with microfinance institutions, SACCOs and fintechs, while combining guarantees with affordable liquidity to expand access to finance for businesses that need it most.

By partnering with these institutions, AGF is working towards building a more inclusive financial ecosystem; one where viable entrepreneurs can access the capital they need to create jobs, grow businesses and contribute to economic transformation.

Financial inclusion is not just about increasing lending. It's about making it more affordable and ensuring that every entrepreneur has the opportunity to participate in Kenya’s economic future.

02/07/2026

H.E. The President Dr. William Ruto hosted the African Guarantee Fund (AGF) led by the Fund’s Chairman Felix BIKPO, accompanied by the Group CEO, Constant N’ZI and Group CFO, Daisy WANJIE.

AGF and the Government are partnering to deepen access and affordability of financing to Micro Small and Medium Enterprises (MSMEs).

This partnership will involve other critical stakeholders in Government and private sector.

AGF’s role in the partnership is to derisk financing through provision of guarantees and capacity building to improve the flow of capital to MSMEs

AGF wishes to thank H.E. The President for spearheading this initiative.

25/06/2026

African Guarantee Fund is pleased to announce the appointment of Mr. Constant N’ZI as its Group Chief Executive Officer, effective 23 June 2026.

Having previously served as Deputy Group CEO, Group Chief Risk Officer and most recently Interim Group CEO, Constant brings deep institutional knowledge, extensive leadership experience and a strong commitment to AGF’s mission of expanding access to finance for African SMEs.

As AGF continues to strengthen its position as Africa’s leading guarantee institution, we look forward to this next chapter under his leadership.

Please join us in congratulating Constant on his appointment.

Read the full announcement below. 👇
https://tinyurl.com/34rh2mhh

16/05/2026

AGF’s interim Group CEO, Mr. Constant N’ZI paid a courtesy call on Kenya’s foreign affairs Principal Secretary (PS) Dr. Abraham Korir Sing’Oei at his office.

The meeting focused on strides made by the African Guarantee Fund (AGF) in unlocking catalytic capital in Africa.

Mr. N’ZI also commended the PS on the recently hosted Africa - France Summit hosted in Nairobi where AGF also took part in.

30/04/2026

The African Guarantee Fund (AGF) held its Q1 board meeting and its annual board retreat in Mauritius from 14th to 16th April 2026. The successful 3-day event, led by AGF’s Chairman Felix Adahi BIKPO reflected on the performance of the activities of AGF for the first quarter and allowed for intense and fruitful discussions on various strategic and critical topics driving the growth of the Company in maintaining its position as the leading guarantee fund in Africa.

The management team, under the leadership of the Interim Group CEO, Constant N'ZI, assisted the board during the workshops held together with the support of technical experts.

The retreat allowed for the Board to reflect on AGF’s impact journey so far and to chart the way for the year ahead.

AGF’s interventions continued to deliver strong, measurable impact, with notable year-on-year improvements across key portfolio indicators. In the most recent numbers, AGF has mobilized over USD 6.8 billion in financing, issued USD 2.75 billion in guarantees, and, in turn, created 629,700 jobs.

Overall, the 2025 results demonstrate AGF’s ability to scale its impact effectively across the 44 African countries in which we operate.

17/04/2026

Yesterday marked a significant milestone as the Nairobi Securities Exchange (NSE) and the African Guarantee Fund (AGF) officially launched a transformative Capacity Development (CD) programme.

Through the NSE Ibuka Programme and the AFAWA initiative, this partnership is focused on a mission to bridging the financing gap for women-led SMEs (WSMEs) and positioning them for long-term success.
The Ibuka Programme aims to support up to 1,000 SMEs over a five-year horizon. A key objective of Phase I is to enable at least 50 WSMEs to successfully raise capital through the NSE.
The programme will take a holistic ecosystem approach, where it integrates capacity building, advisory services, and market linkages to ensure these enterprises become truly investor-ready.

Implementation is delivered through a structured, phased, a cohort-based model:
• Pre-assessment and selection
• Structured training across five thematic clusters
• Deep-dive diagnostics and enterprise assessments

This collaboration is about impact, and by building a pipeline of investor-ready WSMEs, we are:
• Deepening Kenya’s capital markets.
• Advancing financial inclusion and women’s economic empowerment.

This partnership solidifies the NSE and AGF as key enablers in fostering sustainable business growth and catalyzing long-term economic development today and in the future.

06/04/2026

22/03/2026

Water is more than a resource, it is an economic driver, a livelihood enabler, and a foundation for sustainable growth.
This World Water Day, AGF reaffirms its commitment to the Blue Economy as a key thematic area, advancing sustainable use of water resources while supporting SMEs, strengthening livelihoods, and safeguarding ecosystems.
Protecting water today means securing opportunity for tomorrow.

19/03/2026

We are hiring! 🚀

AGF is recruiting for a Senior Internal Controller. This is an exciting opportunity to join a pan-African institution!

Apply or share with someone who would be a great fit 👇
https://t.ly/LK2r4