The Netherlands Development Finance Company (FMO), a Dutch public-private partnership that aims to promote developing economies, has committed USD 7.5 million to the Regional MSME Investment Fund for Sub-Saharan Africa SA, SICAV-SIF (REGMIFA), a Luxembourg-based fund that seeks to invest in micro-, small and medium sized enterprises (MSMEs) in Africa.
The investment is intended to strengthen REGMIFA’s portfolio that currently consist debt investments in eight client institutions in six countries in Sub-Saharan Africa. Financial details on REGMIFA are not public.
FMO has an investment portfolio of EUR 5.04 billion (the equivalent of USD 6.5 billion) as of 2009.
By Witt Gatchell, Research Associate
About Netherlands Development Finance Company (FMO):
Founded by both the Dutch government and the private sector in 1970, the Netherlands Development Finance Company aims to encourage development by promoting entrepreneurship in developing economies. FMO has an investment portfolio of EUR 5.04 billion (the equivalent of USD 6.5 billion) as of 2009. Headquartered in the Netherlands, FMO operates in Africa, Asia, Eastern Europe, and Latin America.
About Regional MSME Investment Fund for Sub-Saharan Africa SA, SICAV-SIF (REGMIFA):
The Regional MSME Investment Fund for Sub-Saharan Africa, SICAV-SIF (REGMIFA) is an investment fund focused on supporting micro-, small and medium-sized enterprises (MSMEs) in Sub-Saharan Africa. It was launched in May 2010 by KfW and the German Ministry for Economic Cooperation and Development (BMZ) and is organized as a Societe d’Investissement A Capital Variable (SICAV). REGMIFA seeks to build partnerships between donors, development finance institutions and private investors to support Sub-Saharan African microentrepreneurs. REGMIFA does not report financial information to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse.
Sources and Additional Resources:
[1] REGMIFA Press Release: “The Netherlands Development Finance Company FMO (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.) invests in the Regional MSME Investment Fund for Sub-Saharan Africa S.A., SICAV-SIF (REGMIFA) to foster employment and entrepreneurship at the bottom of the pyramid in Sub-Saharan Africa” http://www.regmifa.com/news/press-releases/fmo-invests-in-regmifa
MICROCAPITAL BRIEF: REGMIFA Invests $13m in Microfinance Institutions (MFIs) Sinapi Aba Trust and First Allied Savings and Loans of Ghana, Kenya Women Finance Trust, Faulu Kenya, FINCA Tanzania, Programme d’Appui aux Mutuelles d’Epargne et de Credit au Senegal (PAMECAS)
https://www.microcapital.org/microcapital-brief-regmifa-invests-13m-in-mi…
MicroCapital Universe Profile: Netherlands Development Finance Company (FMO)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Net…
MicroCapital Universe Profile: Regional MSME Investment Fund for Sub-Saharan Africa SICAV-SIF (REGMIFA)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Reg…
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