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The Standard Group Plc is a
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African Guarantee Fund on Monday received a capital increase of Sh2.145 billion (USD 20 million) from the Danish Investment Fund for Developing Countries (IFU) to facilitate green SME financing in Africa.
The capital increase is partially financed by the Danish Government, as part of the Danish “COVID-19 Development Assistance” package. Including the additional Sh2.1 billion, the total Danish investment in AGF amounts to Sh7.7 billion.
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