African Guarantee Fund partners with Swiss firm to finance agribusiness

Managing Director, National Bank Kenya, Peter Kioko (right) and Group Chief Executive Officer, African Guarantee Fund, Jules Ngankam (L). [Wilberforce Okwiri, Standard]

The African Guarantee Fund (AGF) has partnered with Swiss-based ResponsAbility Investments AG to promote small businesses in Kenya through a Sh600 million partial guarantee scheme.

Dedicated to promoting the financing of Small and Medium Enterprises (SMEs) in the African agricultural value chain, the lending loan portfolio guarantee facility (Sh609.9 million) comes as Africa's agri-SMEs are grappling with numerous challenges hindering them from achieving their full potential.