FAGACE Celebrates 48 Years of Driving Economic Growth and Financial Inclusion in Africa

The African Guarantee and Economic Cooperation Fund (FAGACE) marks its 48th anniversary, highlighting nearly five decades of significant contributions to the continent’s economic development. Established on February 10th, 1977, FAGACE has established itself as a key pillar in promoting development financing in Africa.

Over the years, FAGACE has mobilized more than 4.5 trillion FCFA, playing a crucial role in transforming the economies of its 14 member countries. Its interventions, via adapted financial instruments, have enabled the implementation of structuring projects, creating millions of jobs and stimulating sustainable economic growth. The institution is particularly distinguished by its support for small and medium-sized enterprises (SMEs) as well as impact investments of national and continental scope.

FAGACE is not limited to guarantee mechanisms

It has also established a center of excellence, the FAGACE Institute, which plays a key role in technical support and skills development. This center constitutes an additional lever to maximize the impact of FAGACE interventions and respond to the complex challenges of evolving African economies.

In 2025, FAGACE’s strategic plan, entitled “The New Momentum”, continues to guide its actions, focused on innovation, regional proximity and strengthening governance. Recognized as a trusted certification, FAGACE remains a partner of choice for banking institutions, financial markets, governments and the private sector, facilitating access to financing for investment projects.

The celebration of this 48th anniversary is an opportunity for FAGACE to reaffirm its commitment to high-impact initiatives and to thank all its partners, who play a central role in achieving its mission.

The African Guarantee and Economic Cooperation Fund is an international financial institution that facilitates access to financing for development projects in Africa through its guarantee and resource mobilization mechanisms. The FAGACE Institute also contributes to technical supervision, capacity building and technical assistance, thus promoting the economic and social transformation of Member States.

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(Featured image by Kyle Glenn via Unsplash)

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First published in Financial Afrik. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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