Meeting on Tuesday, May 08, 2018 in Abidjan, Ivory Coast, the Board of Directors of African Guarantee Fund West Africa, announced the finalization of the process of integration of the Guarantee Fund for Private Investments in West Africa ( Gari Fund) by African Guarantee Fund (AGF) and therefore the name change of the Gari Fund, which became “African Guarantee Fund West Africa”.
One of the main strategic focuses of African Guarantee Fund (AGF) is to decentralize its activities in order to get closer to its partners (banks and financial institutions) for a better management of the risks that it has to take. The implementation of this strategy results in the opening of branches in each of the five regions of the African continent or the acquisition of guarantee funds sharing the same vision and the same objectives.
As part of this strategy, African Guarantee Fund strengthened its presence in West Africa with the acquisition on December 18, 2015, of the Guarantee Fund for Private Investments in West Africa (Gari Fund).
At the same meeting, AGF West Africa’s Board of Directors also appointed Ms. Adidja ZANOUVI as AGM’s Chief Executive Officer. Thus, Mrs. Adidja ZANOUVI succeeds Mr. Franck ADJAGBA, who is now Deputy Chief Operating Officer of the Group within the African Guarantee Fund and will be based in Nairobi.
Prior to this appointment, Ms. ZANOUVI, a Beninese national, served as Group Internal Control Director at AGF, based in Nairobi.
Adidja ZANOUVI is a professional, specialist in Enterprise Risk Management. Holder of a Master in Accounting and Finance, a Master in Audit and Management Control of the Institute of Business Administration “IAE”, Bordeaux – France, she brings over 13 years of experience in risk management and finances.
Before joining the AGF Group, Ms. ZANOUVI worked for four years at IDEMIA (eg Oberthur Technologies) as Senior Manager Internal Audit and Enterprise Risk Management. She also spent seven years at Deloitte’s firm in Paris as Manager Audit for multinational companies clients of the CAC 40 (Key Accounts) and French Banking Groups.
On this appointment, AGF West Africa Chairman of the Board of Directors, Felix BIKPO, said: “Mr. ADJAGBA has successfully implemented the first phase of the AGF West Africa integration.
By choosing Ms. ZANOUVI to succeed him, the Council is banking on its ability to maintain and capture new markets. She has been involved in all stages of the integration process. Ms. ZANOUVI will undoubtedly play a key role in the future of AGF West Africa. ”
F West Africa, based in Lomé. The taking of office will be effective from May 15, 2018.
About the African Guarantee Fund
Officially launched on June 1, 2012, AGF is a pan-African, non-bank financial institution whose objective is to promote economic development, combat unemployment and reduce poverty in Africa through the provision of guarantees and products. like financial institutions to support SMEs in Africa.
AGF has been awarded the AA- rating by the international rating agency Fitch Ratings.
