African Guarantee Fund et RAWBANK ont consolidé leur partenariat, par la signature d'une nouvelle convention de 70 millions de dollars américains destinée à renforcer le secteur des PME en République Démocratique du Congo. To date, this renewed partnership between AGF and RAWBANK has unlocked over US$300 million in additional financing for almost 1,000 Congolese SMEs.

In addition to the risk-sharing mechanism, the new agreement enables AGF to continue providing support in the form of technical assistance to RAWBANK, as well as training for its SME customers.

Commenting on the development of this partnership, Mustafa Rawji, CEO of RAWBANK, said: “SME development is a critical focus for our bank. Our strategic objectives for 2025 include financing 20,000 SMEs in the DRC. And so we're in the process of deploying a fairly massive infrastructure internally. We're also launching a recruitment campaign to achieve this by December 2025.

Commenting on the development of this partnership, Mustafa Rawji, CEO of RAWBANK, said: “SME development is a critical focus for our bank. Our strategic objectives for 2025 include financing 20,000 SMEs in the DRC. And so we're in the process of deploying a fairly massive infrastructure internally. We're also launching a recruitment campaign to achieve this by December 2025.

Thanks to this additional capacity, RAWBANK will be placing particular emphasis on financing women-led businesses. RAWBANK has demonstrated an ongoing commitment to improving the financing of women?s entrepreneurship in the DRC, through its dedicated financing program known as Lady?s First. Jules Ngankam added: “Thanks to this new guarantee and the support of the African Women?s Access to Finance Initiative (AFAWA), RAWBANK is undeniably on the right track to significantly increase financing for women entrepreneurs in the Congo.

source : Africa Guaranteed Fund