About Us

About Us

Our History

AGF was established in 2011 by the Government of Denmark (represented by DANIDA), the Government of Spain (represented by AECID) and the African Development Bank (AFDB), with a mandate of facilitating access to finance for SMEs to enable them fully play their role of driving the growth of African economies.

In 2015, four years after its founding, AGF concluded its first external growth operations with the acquisition of the Guarantee Fund for Private Investment in Africa (GARI Fund) for an amount of 35 million USD. At the end of this operation, the French Development Agency (AFD) became AGF’s fourth shareholder.

In 2016, the Nordic Development Fund (NDF) became AGF’s fifth shareholder. Under the leadership of NDF, AGF launched a Green Guarantee Facility to unlock financing for SMEs that invest in or market low-carbon technologies.

Our Core Values

Integrity

In our relationships and transactions with our clients, and among each other, we are honest, trustworthy, reliable, transparent, and accountable

Customer First

We meet our internal and external customers’ expectations

Creativity

We embrace new ideas and respond swiftly to changes in our environments

Unity of Purpose

We dedicate ourselves to pursuing the agreed common goals

Right First Time

We deliver on our commitments accurately and promptly

Our Vision

To be the leading non-bank FI that meets Africa’s financing providers’ needs, effectively serving SMEs while maintaining our uncompromised Principles as we grow

Our Mission

The promotion of economic development and poverty reduction in Africa.
In support of the vision above, we aim:

  • To be more resource efficient
  • To build strong partnerships between FIs and AGF
  •  To reduce the inability of SMEs to provide acceptable guarantees
  • To encourage and support banks and other FIs in
    their SME financing by sharing the risk involved
  • To support the CD of our partners by seeking to build
    their existing knowledge and capacity
Our Leadership

Ownership and
Governance Structure

The African Guarantee Fund – for Small and Medium-Sized Enterprises Ltd (AGF) was incorporated in the Republic of Mauritius on 28th March 2011 as a private company limited by shares in accordance with the Companies Act 2001. It has been granted a Category 1 Global Business License by the Financial Services Commission. The registered office is located at C/o Rogers Capital Fund Services Ltd, 3rd Floor, Rogers House, No.5 President John Kennedy Street, Port Louis.

AGF is duly registered under the Companies Act of Kenya and has a place of business in Nairobi, Kenya. It also has a subsidiary, African Guarantee Fund pour les petites et moyennes enterprises S.A. (AGF West Africa) in Lomé, Togo, from which it conducts business in West Africa Region.

Effective corporate governance is one of the core values of African Guarantee Fund. The Board of Directors (BOD) is at the core of AGF’s system of corporate governance and is ultimately accountable and responsible for the performance and affairs of the Company. The BOD is unreservedly committed to applying the fundamental principles of good governance – transparency, integrity, accountability and responsibility – in all dealings by, in respect of and on behalf of the company. The directors are responsible for ensuring proper and sound corporate governance within the organisation. AGF upholds best practices in corporate governance. Our corporate governance permeates all levels of management and has guided AGF and created value for the benefit of shareholders.

Felix BIKPO
Chairman of the Board - Independent Director
Njeri NGARUIYA
Director, Representing IFU
Richard MARNEY
Director, Representing KFW
Anu HASSINEN
Director, Representing NDF
Guy SAUVANET
Independent Director
Hanjali PERMALLOO-LE ROUX
Resident Director

Executive Management

African Guarantee Fund’s group senior management is responsible for the daily running of the organization by ensuring that the company objectives are met led by the Group Chief Executive Officer and Heads of Departments.

Constant N’ZI
Interim Group Chief Executive Officer
Daisy WANJIE
Group Chief Finance Officer
Allan AKOKO
Group Director of Human Resources
Ali BALLO
Group Chief Internal Controller
Juneid KODABUX
Group Director of Legal & Corporate Affairs
Nishdeep SETHI
Group Director of Structured Finance
Patrick LUMUMBA
Group Director of Capacity Development
Yves BOUDOT
Group CEO’s Advisor
Maureen KAYAMBA
Ag Group Director of Business Development

Senior Officers

African Guarantee Fund’s group senior management is responsible for the daily running of the organization by ensuring that the company objectives are met led by the Group Chief Executive Officer and Heads of Departments.

Joshua Obengele
Risk Manager
Laban Cliff Onserio
Senior Communications Officer
Tolulupe Babajide
Program Coordinator- FinRISE
Eraste Bizimana
Senior Officer Monitoring, Evaluation and Learning
Betty Metto
Project Officer AFAWA
NTI Daniel Nnomo
Region Head, BD - Central & Northern Africa
Sarah Mukuhi
Senior Legal Officer
Evelyn Muhoro
Senior Human Resources Officer
Martin Kimemia
Chief Accountant
Christine Sinanga
Senior Risk Officer
Stephen Kibuci
Senior IT Officer
Nicole Muia
Region Head, BD - Southern Africa
Peter Murimi
Senior Data Analyst Officer
Felix BIKPO
Chairman of the Board - Independent Director
Constant N’ZI
Representative of AGF
Jacob AMEMATEKPO
Independent Director
Kodjo AZIAGBE
Independent Director
Guy SAUVANET
Independent Director
Soumana ALOU HAROUNA
Representative of BOAD

Executive Management

African Guarantee Fund’s group senior management is responsible for the daily running of the organization by ensuring that the company objectives are met led by the Group Chief Executive Officer and Heads of Departments.

Serge MIAN
Managing Director
Sibi LAWSON
Deputy Managing Director

Senior Officers

African Guarantee Fund’s group senior management is responsible for the daily running of the organization by ensuring that the company objectives are met led by the Group Chief Executive Officer and Heads of Departments.

No Senior Officers found.