{"id":11867,"date":"2023-11-13T10:34:01","date_gmt":"2023-11-13T09:34:01","guid":{"rendered":"https:\/\/rawbank.com\/la-banque\/?p=11867"},"modified":"2023-11-13T10:43:02","modified_gmt":"2023-11-13T09:43:02","slug":"african-guranted-fund-et-rawbank-consolident-leur-partenariat-au-benefice-des-pme-congolaise-grace-a-une-ligne-de-garantie-de-70-millions-de-dollars-americains","status":"publish","type":"post","link":"https:\/\/rawbank.com\/la-banque\/en\/african-guranted-fund-et-rawbank-consolident-leur-partenariat-au-benefice-des-pme-congolaise-grace-a-une-ligne-de-garantie-de-70-millions-de-dollars-americains\/","title":{"rendered":"African Guaranteed Fund and Rawbank consolidate their partnership to support congolese smes, thanks to a US$70 million gurantee facility"},"content":{"rendered":"
African Guarantee Fund and RAWBANK have consolidated their partnership by signing a new US$70 million agreement to strengthen the SME sector in the Democratic Republic of Congo. To date, this renewed partnership between AGF and RAWBANK has unlocked more than US$300 million in additional financing for nearly 1,000 Congolese SMEs.<\/p>\n
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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 to its SME customers.<\/p>\n
Commenting on the development of this partnership, Mustafa Rawji, CEO of RAWBANK, said: \u201cSME development is a critical focus for our bank. Our strategic objectives for 2025 include financing 20,000 SMEs in the DRC. And therefore, we are in the process of deploying a fairly massive infrastructure internally. We are also launching a recruitment campaign to achieve this by December 2025.<\/p>\n
Jules Ngankam, African Guarantee Fund Group CEO, concurred, adding, \u201cWe are delighted to consolidate our partnership with the DRC\u2019s leading bank. Since 2016, AGF has accompanied RAWBANK with guarantees that have fostered an increase in lending to SMEs across all economic sectors. This new portfolio guarantee will strengthen RAWBANK\u2019s capacity to finance SMEs and is fully in line with the institution\u2019s growth strategy.\u201d<\/p>\n