NCBA, AGF Renew KES 3B Pact to Empower Kenyan SMEs and Women.

Wednesday 9th April 2025

NCBA and African Guarantee Fund (AGF) Strengthen Small and Medium Enterprise (SME) Financing with KES 3 Billion Renewal, Prioritizing Women-Led Businesses.

By inAfrika Reporter

NCBA Group has renewed its long-term partnership with the African Guarantee Fund through a KES 3 billion credit guarantee agreement to serve Kenyan small and medium-sized enterprises. The agreement will span 10 years and will focus on expanding financial support for businesses, particularly in sustainable agriculture, renewable energy, and women-led initiatives.

Since the inception of this partnership, AGF has helped NCBA facilitate nearly KES 17 billion in SME loans, supporting more than 3,500 transactions. Over 7,000 jobs have been created as a result, with thousands benefiting women and youth in particular.

During the signing, NCBA Group Managing Director John Gachora underlined the bank’s commitment to building financial inclusivity and accelerating the growth of SMEs through access to long-term, flexible financial products. He reiterated the Group’s dedication to nurturing women entrepreneurs, especially those working toward sustainability.

AGF’s Group CEO, Jules Ngankam, praised the longevity and impact of the collaboration, citing the importance of such partnerships in unlocking capital for SMEs that form the backbone of Kenya’s economy. He emphasized that the renewed facility, combined with a Capacity Development grant for NCBA, would enhance the bank’s ability to reach even more women-owned businesses.

NCBA continues to lead with a “Change the Story” agenda, promoting sustainability, financial education, and inclusive procurement practices that prioritize youth and women. Beyond finance, the Group invests in environmental and community development programs, including tree planting, plastic reduction, and sports sponsorships.

Through this strengthened alliance with AGF, NCBA invites SMEs to leverage its diverse services, from foreign exchange to online banking, to help them scale and thrive in a dynamic market environment.