In an effort to propel the growth of green SMEs by providing essential financial support, technical assistance, and capacity building, African Guarantee Fund (AGF) and FSD Africa have signed a strategic cooperation agreement.

AGF is a leader in promoting the financing of Small and Medium Enterprises (SMEs) across Africa. And its partner FSD Africa is a pioneering development agency committed to reshaping Africa's long-term financial landscape. The agreement between the two partners defines a detailed framework for collaboration between organizations to stimulate sustainable development in Africa. The main aspects of this partnership include assisting in the development of financial products for institutions, offering partial credit guarantees for bonds and funds raised on behalf of SMEs, and organizing capacity building sessions

According to Mark Napier, managing director of FSD Africa, this partnership represents an important step in efforts to encourage sustainable economic development. “By taking advantage of the strengths of FSD Africa and the African Guarantee Fund, we will actively create a solid ecosystem that will strengthen green SMEs. This collaborative effort aims to facilitate access to affordable, long-term funds, thereby accelerating the transition to a greener and more resilient economy,” he said.