Tag: REGMIFA

REGMIFA secures US$10m additional funding from FMO to support growth of MSME

Frank

AFRICA – Dutch-based entrepreneurial development bank FMO has invested a further US$10 million in REGMIFA, the Regional MSME Investment Fund for Sub-Saharan Africa and a public-private partnership advised by Symbiotics SA. This additional funding will support the growth of Africa’s MSME sector and foster economic development through employment creation, income generation and poverty alleviation. The investment will finance loans to businesses and low- and middle-income households via more than 50 selected financial institutions. The investment in class B-Shares for a maturity of seven years will increase the fund’s total assets…

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

Frank

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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