𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝗶𝗻𝗴 𝗜𝗺𝗽𝗮𝗰𝘁 𝘄𝗶𝘁𝗵 𝗗𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲 𝗡𝘂𝗺𝗯𝗲𝗿𝘀 𝘁𝗲𝗹𝗹 𝗮 𝘀𝘁𝗼𝗿𝘆, but behind every metric on this board is an African entrepreneur, a growing community, and a step towards sustainable development. In our latest impact numbers, the African Guarantee Fund (AGF) continues to bridge the Small & Medium Enterprises (SME) funding gap across the continent, estimated to be over 𝗨𝗦𝗗 𝟰𝟬𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻. These numbers would not be achieved without the intentional, targeted interventions through our programmes, which include Affirmative Finance Action for Women in Africa (𝗔𝗙𝗔𝗪𝗔), 𝗔𝗴𝗿𝗶𝗯𝗶𝘇, 𝗚𝗿𝗲𝗲𝗻 𝗚𝗿𝗼𝘄𝘁𝗵 𝗙𝗮𝗰𝗶𝗹𝗶𝘁𝘆 (𝗚𝗚𝗙) and Financial Resilience through Institution Strengthening and Expansion (𝗙𝗶𝗻𝗥𝗜𝗦𝗘). To our Partner Financial Institutions (PFIs) and the resilient entrepreneurs driving this growth: thank you for pushing boundaries with us. #DeliveringImpactWithDiscipline #AfricanGuaranteeFund #SMEFinance #ImpactInvesting #SustainableDevelopment #GreenEnergy #AfricaRising

𝐎𝐮𝐫 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐧 𝐊𝐞𝐧𝐲𝐚'𝐬 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐒𝐞𝐜𝐭𝐨𝐫 𝐬𝐡𝐨𝐰𝐜𝐚𝐬𝐞𝐝 𝐚𝐭 𝐀𝐅𝐒𝐒 2026 AGF’s Group Director of Programmes Nishdeep Sethi joined an expert panel at the recent Agriculture and Food Systems Transformation Summit #AFSS2026 in Nairobi, Kenya. Alongside leaders from the International Fund for Agricultural Development (IFAD), Kenya's State Department for Trade and the Kenya Development Corporation (KDC_KE, she explored scalable solutions for expanding affordable capital from farm to export. Officiating the Summit, H.E. the President, Dr. William Samoei Ruto, PhD highlighted the power of Public-Private partnerships (PPPs) in driving sustainable growth. AGF was honoured to partner with 𝐭𝐡𝐞 𝐌𝐢𝐧𝐢𝐬𝐭𝐫𝐲 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐋𝐢𝐯𝐞𝐬𝐭𝐨𝐜𝐤 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 to deliver the event. One example of partnership in action is our climate-smart dairy project in the Rift Valley, delivered under the AgriBiz Programme with the Kenya National Chamber of Commerce and Industry (KNCCI). 𝐈𝐦𝐩𝐚𝐜𝐭: 💷 EUR 3.6M in loan disbursements 👨‍🌾 6,000+ farmers supported 🌽 520 agri-SMEs trained and mentored At AGF, agriculture is a key development pillar, and Kenya shows why. The economy grew 4.6% in 2026, with agriculture, forestry and fishing delivering 11.4% of that growth, making it the country’s second-largest economic driver. The sector also supports over 354,000 formal wage earners and nearly 14% of private-sector jobs. Together, we are bridging the financing gap and empowering agricultural transformation across the region. #DeliveringImpactWithDiscipline #AfricanGuaranteeFund #AgriBiz #Agriculture #ImpactInvesting #SustainableFinance #PublicPrivatePartnership #Kenya #FoodSecurity

We were delighted to host the launch of “𝑻𝒉𝒆 𝑬𝒎𝒆𝒓𝒈𝒊𝒏𝒈 𝑴𝒂𝒓𝒌𝒆𝒕𝒔 𝑰𝒏𝒗𝒆𝒔𝒕𝒐𝒓’𝒔 𝑮𝒖𝒊𝒅𝒆 𝒕𝒐 𝑪𝒐𝒖𝒏𝒕𝒓𝒚 𝑹𝒊𝒔𝒌,” a book authored by AGF’s Board Member Richard Marney and Philipp Waeber, CFA, a practical guide to understanding and managing risk when investing in Emerging Markets, including Africa. AGF’s Group Chairman Felix Adahi BIKPO commended the authors for their work, highlighting the importance of creating a “risk manual” for navigating uncertainties while investing in emerging markets. Constant N'ZI, our Group CEO who wrote the book's foreword, praised the authors for bringing the question of risk to life, an approach that closely reflects AGF's own mandate. The book authors presented the 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫’𝐬 𝐑𝐮𝐭𝐭𝐞𝐫 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤, which offers a structured approach to assessing country risk across four interconnected dimensions: 🌍 𝐄𝐧𝐝𝐨𝐰𝐦𝐞𝐧𝐭𝐬: Natural resources, human capital, geography, and demographics. 🏦 𝐄𝐧𝐚𝐛𝐥𝐞𝐫𝐬: Institutional quality, governance, infrastructure, and financial systems. 🧭 𝐂𝐨𝐧𝐭𝐞𝐱𝐭: Evolving domestic and macroeconomic dynamics. 💹 𝐎𝐮𝐭𝐜𝐨𝐦𝐞𝐬: Long-term economic performance and investment stability. A key highlight of the framework is the conceptual alignment of the investment landscape to weather (short-term economic shocks), winds (policy and reform trajectories), and currents (structural endowments and enablers). 𝐓𝐡𝐞 𝐤𝐞𝐲 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲: prepare for the weather, watch the winds, and align your investments with the currents, because they ultimately shape returns. While natural resources and human capital form the foundation of any economy, their potential can only be fully realized through robust enabling environments. All this was brought to life by key moderation of an expert panel by Njeri .M. Ngaruiya an AGF board member and Catherine Nyaga-Mbithi ,who represented the Institute of Risk Management Africa (IRM - Africa). This aligns directly with AGF’s mission. Through guarantee facilities and risk-sharing mechanisms, we help partner financial institutions lend with greater confidence to SMEs, strengthen financial systems and broaden access to finance. In doing so, we help shift the currents themselves, empowering the private sector to drive sustainable economic growth across Africa. 📘 𝐅𝐨𝐫 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐛𝐨𝐨𝐤, 𝐯𝐢𝐬𝐢𝐭: investorsrutter.com 🖼️ 𝐄𝐯𝐞𝐧𝐭 𝐏𝐡𝐨𝐭𝐨𝐬: lnkd.in/dkJP4qtt 📺 𝐖𝐚𝐭𝐜𝐡 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐀𝐆𝐅 𝐓𝐕: lnkd.in/dxg8vFiq #AfricanGuaranteeFund #CountryRisk #EmergingMarkets #PrivateSectorDevelopment #ImpactInvestment #AfricaGrowth

The panel discussion at the AGF Blended Finance Dialogue identified three critical mismatches between how agrifood businesses operate and how finance is often structured: 🌾 Tenor : Agrifood businesses operate around seasonal production and cash-flow cycles, while conventional repayment structures do not always reflect these realities. 📋 Collateral : Viable businesses, particularly women and youth-led enterprises, may lack the traditional collateral required by lenders, even where their businesses demonstrate the ability to repay. 💡 Product design : Financing solutions need to respond to the business model, cash flows and value chains of MSEs, rather than applying a one-size-fits-all approach. The discussion also highlighted practical ways these gaps can be addressed: 🔹 Look beyond collateral 🔹 Make better use of data 🔹 Strengthen financial institutions 🔹 Build more finance-ready businesses 🔹 Think beyond the programme, for sustainability Ultimately, the panel reinforced that the question is not only whether finance is available, but whether it is structured in a way that works for the businesses it is intended to serve. Blended finance should not simply make finance less risky. It should help make finance more accessible, affordable, appropriate and sustainable. That is where the opportunity for FinRISE lies; helping bridge the gaps between capital, financial institutions and the realities of Africa’s agrifood businesses. @MastercardFdn #FinRISE #BlendedFinance #AgrifoodFinance #MSEFinance #FinancialInclusion #AFSForum2026

Africa’s agrifood financing challenge is not simply about having more capital. It is about making finance work better for the businesses that need it most. This was a central message from the AGF Blended Finance Dialogue, convened on the sidelines of the Africa Food Systems Forum 2026 in Kigali, where ecosystem partners explored how the FinRISE blended finance can help unlock greater investment in Africa’s agrifood sector. The conversation underscored that closing Africa’s agrifood financing gap requires more than capital alone. It calls for better risk-sharing, stronger financial institutions and solutions that respond to the realities of underserved micro and small enterprises, particularly those operating in rural areas and led by women and young people. Through FinRISE, AGF and Mastercard Foundation are combining funded guarantees, concessional liquidity and capacity development to address both sides of the financing equation. That is strengthening financial service providers, while helping agrifood businesses become more investment ready. The ambition is clear: move beyond conversations about the financing gap and create the conditions for more sustainable financing to reach more businesses, at greater scale. The goal is for Africa to have more inclusive finance, more sustainable businesses and more opportunities for its agri-food sector. ICYMI: youtube.com/watch?v=F3kHKhmg… #FinRISE #BlendedFinance #AgrifoodFinance #MSEFinance #FinancialInclusion #AFSForum2026

Our Group Director of Programmes, Nishdeep Sethi joined the “Backing Youth-Led Agro-businesses” session at the recently concluded #AFSForum2026 to reflect on what it would take to help more youth-led agribusinesses move from promising ideas to sustainable, job-creating businesses. The discussion highlighted a critical reality: finance remains an important enabler, but it cannot work in isolation. Young entrepreneurs also need the right skills, supportive ecosystems, market opportunities, infrastructure and partnerships to build and scale viable businesses. This reflects AGF’s broader commitment to unlocking finance for Africa’s agrifood sector, working with financial institutions and development partners to address financing barriers and create greater opportunities for youth businesses across agricultural value chains. For AGF, this means supporting approaches that help financial institutions better serve underserved businesses while strengthening the enterprises themselves to become more resilient, investment- and credit-ready. For ecosystem partners, it means moving beyond commitments to practical investments and partnerships that give young people the tools and opportunities to build sustainable businesses and create jobs. As Africa works to transform its agrifood systems, backing its young entrepreneurs must be central to that transformation. #AFSForum2026 #Agriculture #YouthLedAgribusiness #Agrobusiness #AgrifoodSystems #AgriValueChain #FinancialInclusion #FinRISE #Agribiz

Tolulope Babajide, Programme Coordinator, FinRISE at AGF joined an inspiring panel on “From Women-led Enterprise to Investment and Scale” at the #AfricaFoodSystemsForum2026. The session brought together women entrepreneurs and ecosystem players to discuss the realities of accessing capital and growing businesses. Three reflections stood out: 🔹 We need to leverage private capital. Public and development finance alone cannot meet the scale of financing required. Unlocking private capital and creating the right conditions for investors and financial institutions to back women-led businesses is critical. 🔹 Women are strong borrowers. Evidence continues to show that women tend to be reliable in repayment of loans, reinforcing the case for financial institutions to view women-led enterprises not simply through a risk lens, but as a significant investment opportunity. 🔹 Africa’s economies are deeply powered by women’s businesses. From agriculture and food processing to trade and services, women entrepreneurs are already driving economic activity across the continent. The opportunity now is to ensure they have the capital, networks and support needed to move from operating to scaling. Through FinRISE, AGF is working with partners to help unlock greater access to finance for women and youth-led micro and small enterprises in the agrifood sector. The question is no longer whether women businesses can grow. It is whether our financial systems are ready to invest in their growth. #AfricaFoodSystemsForum #AFSForum #AGF #AgriFinance #BlendedFinance #SMEFinance #DevelopmentFinance #Africa #FoodSystems #Investment #FinancialInclusion

🌾 How do we mobilise more capital for Africa’s agri-food businesses? At the Africa Food Systems Forum 2026 in Kigali, AGF Group CEO Constant N’zi joined the Deals & Financing: Scaling Agri-food Investments from Blended Finance to Breakthrough Deals session, spotlighting the role of SME lending in driving greater investment in Africa’s food systems. One of the key messages from the discussion was: To scale financing, we must first build a strong pipeline of investment-ready SMEs. Having a viable business idea does not necessarily mean that an SME is credit-ready. This is where technical assistance and credit-readiness support become critical. By combining these interventions with access to finance, AGF has been able to build a stronger pipeline of bankable SMEs and, ultimately, mobilise significant financing. 💰 USD 6.8 billion in loans has already been mobilised to African SMEs through AGF’s guarantee ecosystem, delivering a leverage factor of 25 times the capital raised since inception. While these numbers are impressive in terms of volumes of SME loans, relative to Africa’s SME financing gap of USD 421 billion, this translates to approximately 1.5%. Therefore we still have a lot of work to do. 🎯 AGF’s next milestone: raising USD 500 million in capital by the end of 2027, building towards a USD 1 billion capital raise by 2030. As Constant put it, “AGF is aggressively raising more capital. This will help us to scale, double the volume of SME loans mobilised and make a meaningful dent on Africa’s SME financing gap and deepen our impact across the continent. The message is clear: scaling Africa’s agri-food sector will require more capital, stronger partnerships and financing solutions that enable local financial institutions to lend at scale. Watch the full discussion here: youtu.be/U2XdDhWmkcE?si=_UP-… #AfricaFoodSystemsForum #AFSForum #AGF #AgriFinance #BlendedFinance #SMEFinance #DevelopmentFinance #Africa #FoodSystems #Investment #FinancialInclusion

AGF and its partners, Ecobank Togo and Fondation Sephis, will today celebrate the graduation of 128 women entrepreneurs from the Women and Finance programme, supported through the AFAWA initiative. A milestone celebrating their journey towards stronger businesses and greater access to finance. #AFAWA

On #WorldMSMEDay, AGF joined the Government of Kenya and key partners to advance inclusive MSME finance. Our Group CEO, Constant N'Zi, reaffirmed AGF's commitment to helping underserved #MSMEs become bankable through risk-sharing solutions and stronger partnerships.

African Guarantee Fund is pleased to announce the appointment of Mr. Constant N’ZI as its Group Chief Executive Officer, effective 23 June 2026. Please join us in congratulating Constant on his appointment. Read the full announcement below. 👇 tinyurl.com/34rh2mhh

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 @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.