The African Guarantee Fund (AGF) and the West African Development Bank (BOAD) had fruitful discussions this past weekend on the creation of innovative financing mechanisms with the greatest potential to increase financing for sustainable projects. in west Africa.

“I had a fruitful meeting in Nairobi with the leaders of AGF Group. We discussed innovative mechanisms for financing by BOAD of the private sector, particularly SMEs / SMIs in WAEMU countries", tweeted Serge EKUE President of BOAD, Friday, September 03, 2021. This, after his meeting with the staff of the African Guarantee Fund (AGF) led by its CEO, Jules Ngankam. Thus, the African Guarantee Fund and BOAD have had fruitful discussions on the creation of innovative financing mechanisms with the greatest potential to increase the financing of sustainable projects in West Africa. The meeting which took place in Nairobi, led by Jules Ngankam, CEO of the AGF Group, and Serge EKUE, President of BOAD, focused on strengthening the partnership between the two institutions and, more importantly, on benefit from innovative financial instruments with risks and returns that can meet the needs of institutional investors. It will also include more conservative investors to dramatically increase the flow of funding to the private sector. As a reminder, BOAD is at the forefront of innovation thanks to its financing mechanisms for the private sector. The sub-regional banking institution is investing, more than ever, in the private sector to stimulate the economy and fuel growth in its member states.