Impact investor REGMIFA secures US$24m from KfW to promote private investment

AFRICA – REGMIFA, an impact investment fund advised by Symbiotics, has attracted a further EUR20 million (US$24.31m) from German-based KfW to promote private investment under the G20 Compact with Africa program initiated under the German G20 presidency. KfW manages this investment on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). KfW increased its investment in REGMIFA to help finance small and medium enterprises with the objective to create jobs in nine countries in Sub-Saharan Africa that have joined the Compact with Africa. The investment will finance…

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