OWNERSHIP AND GOVERNANCE STRUCTURES

AGF is a company limited by shares incorporated under the business laws of Mauritius. It is owned by the Government of Denmark through the Danish International Development Agency (Danida) and the Government of Spain through the Spanish Agency for International Development Co-operation (aecid) and the African Development Bank (AfDB). Plans are underway to expand the shareholding base through the bringing on-board of other Multilateral and Bilateral development finance institutions.

HISTORY

AGF was officially launched on June 2nd, 2012, in Arusha, Tanzania, by Dr. Donald Kaberuka, the President of the African Development Bank (AfDB), which together with the governments of Denmark (through Danida) and Spain (through aecid), are the founding shareholders.

AGF’s key mandate is to assist financial institutions increase their financing to African Small and Medium Sized Enterprises (SMEs) through the provision of partial financial guarantees and capacity development assistance.

VISION AND MISSION

Vision : To be the leading non-bank financial institution which meets Africa’s financing provider’s needs, effectively serving SMEs while maintaining our uncompromised principal as we grow.

VALUES

AGF is guided by the following core values:

·         Integrity: in our relationships and transactions with our clients and among each other, we are honest, trustworthy, reliable, transparent and accountable;

·         Customer first: we meet our internal and external customers’ expectations;

·         Creativity: we embrace new ideas and respond swiftly to changes in our environments;

·         Unity of purpose: we dedicate ourselves to pursuing the agreed common goals;

·         Right first time: we deliver on our commitments accurately and promptly.

CODE OF ETHICS

AGF is committed to the highest standards of ethical and professional conduct. AGF’s Code of Ethics (the “Code of Ethics” or the “Code”) provides basic guidelines of business practice, and professional and personal conduct, that every employee is expected to adopt and uphold.

·         We comply with various business laws and regulations wherever we operate;

·         We act ethically;

·         We care about one another;

·         We manage risks effectively;

·         We safeguard information;

·         We protect the assets of the organization; and

·         We invest in our communities.