The African Guarantee Fund is an institution that provides guarantees to financial institutions to encourage lending to small and medium-sized enterprises in Africa.
Sidian Bank’s John Okulo urges capital markets to help close the MSME funding gap
John Okulo discussed the potential of Kenya's capital markets to expand MSME financing. He noted that commercial banks currently allocate about 25% of their loan portfolio to MSMEs.
African Financiers Back AfDB’s NAFAD Initiative to Close $400 Billion Funding Gap
The African Development Bank's NAFAD initiative aims to unlock African capital to address a $400 billion annual development financing gap. Discussions at the AfDB Annual Meetings focused on mobilizing capital for infrastructure, industrialization, and climate resilience.
