African Guarantee Fund appoints new group CEO

The African Guarantee Fund (AGF) has announced the appointment of Jules Ngankam as the new group chief executive officer.

The appointment follows his recent nomination as acting group CEO at the beginning of July 2020, when the founding CEO transitioned to board chairman.

Ngankam joined AGF in 2013 as the chief finance officer, after which he served as deputy CEO since April 2017. He is a Cameroonian national and a graduate of ENSAE Paris in statistics and economics and of ESSEC Business School in Paris. He also holds a master’s degree in applied mathematics from the University of Paris Dauphine in France.

His appointment comes at a time when lenders across the continent are in dire need of cushioning to support them as they lend to SMEs.

“I am grateful and humbled to take up this position. AGF has succeeded over the years to make a difference in our continent’s economy by unlocking financing for SMEs, and I look forward to even greater results,” he said.

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