After a 9-year tenor since the founding of African Guarantee Fund (www.AfricanGuaranteeFund.com) for Small and Medium-sized Enterprises (AGF), Group Chief Executive Officer Felix BIKPO decided to retire from his position. Mr. BIKPO was however requested to continue offering his services to the Company in a new capacity as Board Chairman. Pursuant to the recommendation of the shareholders, Felix BIKPO was appointed to serve as Chairman of the Board of Directors as of 01 July 2020.
Reflecting on his tenure, Mr. BIKPO stated “My greatest satisfaction is that the financial sector has come to understand the role of the SMEs in driving economic growth and through our guarantee products have unlocked SME financing and ultimately had great economic and social impact on the continent”.
“The fact that we have been assigned a three-time exceptional AA- rating shows that we understood the gap and created a leader in the guarantee market. I am proud of what I am leaving behind especially for the coming generation” he added.
At the level of the management, the Board also resolved to appoint Mr. Jules NGANKAM, the Deputy Group Chief Executive Officer, as Acting Group Chief Executive Officer of the Company as of 01 July 2020.