May 19

African Guarantee Fund Secures $20 Million Capital Increase for Green SME Financing

African Guarantee Fund has today received a capital increase of USD 20 million from the Danish Investment Fund for Developing Countries (IFU) to facilitate green SME financing in Africa. The capital increase is partially financed by the Danish Government, as part of the Danish “COVID-19 Development Assistance” package. Including the additional USD 20 million, the total Danish investment in AGF amounts to USD 72 million.

Photo courtesy of Edward Howell.

Source: Business Africa Online (link opens in a new window)

Coronavirus, Investing
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