The African Guarantee and Cooperation Fund (FAGACE) is celebrating a milestone as it embarks on a new strategic plan. Established in Kigali, Rwanda, on February 10, 1977, the institution has long been dedicated to supporting investment and economic integration across the African continent.
FAGACE was founded with the aim of bolstering cooperation and solidarity among member states, fostering economic growth, and providing security for both domestic and foreign investments in Africa. The initiative stemmed from the Organisation Commune Africaine et Mauricienne (OCAM), and was formalized with the signing of the convention establishing the fund.
At its inception, FAGACE received an initial endowment of five billion CFA francs to pursue its objectives, which include guaranteeing loans issued by states and private companies for viable industrial, agricultural, commercial, and infrastructure projects. The fund also aims to offer favorable interest rates and extended repayment terms for economic operations within member states. More information about FAGACE’s history can be found on its website.
Today, February 10, 2026, marks not only the anniversary of FAGACE’s founding but also the launch of its 2026–2030 Strategic Plan. FAGACE’s LinkedIn page highlights this new phase for the institution. The move signals a continued commitment to its core mission as a financial institution serving the development of Africa.
The development underscores the ongoing efforts to strengthen financial infrastructure and promote sustainable economic growth within the African continent. FAGACE’s renewed strategic focus could influence future investment decisions and regional economic partnerships.
“Together, let us build a resilient, competitive, and prosperous Africa,” officials said in a statement.
Financial Afrik reported in 2022 that FAGACE is a pioneer among financial guarantee institutions in Africa.
