AfDB gives African Guarantee Fund $10M to underpin SMEs
Friday, 13 July 2018 20:16
The African Development Bank (AfDB) approved July 11 an additional $10 million in financing to the African Guarantee Fund (AGF) for small and medium-sized enterprises (SMEs) across Africa.
This support will enable the Fund to continue guaranteeing loans, especially to SMES active in renewable energy, housing, health, education, finance, trade and agriculture.
To date, more than 8,600 SMEs across Africa have already benefited from AGF loans. However, there is still room for improvement. According to AGF, financing gap for African SMEs remains high, standing at $155 million, currently.
Chamberline Moko
Live News
-
Cameroon: Virginie Pouna Ngomi Uses Tech to Bring Insurance to the Masses
19:49
-
Togo Prepares to Repay CFA12.1 Billion on Islamic Sukuk Loan by August 2025
19:44
-
Flutterwave Partners with Skyee to Power Cross-Border Payments Between Africa and Asia
18:57
-
Tunisia’s Heavy Gas Imports Stall Solar Energy Growth
18:47
-
Koné Gold Project Rises to 5.41 Million Ounces in Ivory Coast
18:19
-
Namibia’s Langer Heinrich Mine Hits 3 Million Pounds Uranium Output in FY 2025
17:40
-
Liberia, ECOWAS & World Bank collaborate on second West Africa submarine cable plan
16:50
-
Using Technology, Raphael Afaedor Is Reshaping Retail Trade in Africa
14:24
-
Gabon Leads Effort to Revive African Institute of Computer Science
13:49
-
Togo’s Domestic Debt Costs 4x Its External Loans
13:30
The acquisition signals rising confidence in Africa’s digital infrastructure as a viable, long-term ...
Highlights: • New 1% US tax on outbound remittances to take effect January 1, 2026• Africa received...
Highlights: • Egypt targets 42% renewable energy share by 2030.• POWERCHINA to build 130-km high-vo...
• Ivory Coast loses over 100 tons of cocoa, coffee, and cashew nuts weekly to smuggling, despite ong...
The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...
• Tunisia relies on imported gas for over 90% of electricity, slowing solar expansion.• Energy self-sufficiency fell to 39% in 2025 amid rising gas...
• Koné’s indicated gold resources rise 4% to 5.41 million ounces.• New discoveries boost satellite deposits Gbongogo South and Koban North.• Montage Gold...
Langer Heinrich produced 3 million pounds uranium in fiscal 2025, meeting the lower range of guidance. Production surged 33% in Q4 2025, driven by...
By linking ECOWAS countries, the project enhances regional digital infrastructure, which is crucial for facilitating cross-border trade, financial...
In southeastern Morocco, near the Algerian border, lies Merzouga—a small village at the heart of the Saharan desert, known for its monumental dunes and...
Ashenda is a vibrant traditional festival celebrated primarily in northern Ethiopia, particularly among the Tigray and Amhara communities, as well as in...