by Teo Lin-Bianco -

MICROCAPITAL BRIEF: REGMIFA Raises $10m from FMO to Invest in MSMEs in Sub-Saharan Africa

Recently, the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), a fund that invests in micro-, small and medium-sized enterprises (MSMEs) in 19 countries, accepted an investment of USD 10 million from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership. The purpose of REGMIFA is to

by Tejas Gumudavelly -

MICROCAPITAL BRIEF: Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA) Raises $24m from BMZ via KfW

The German Federal Ministry for Economic Cooperation and Development, which is also known by its German acronym BMZ, recently invested EUR 20 million (USD 24.3 million) in the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), which supports micro-, small and medium-sized enterprises (MSMEs) in 19 countries. The investment, which BMZ issued through Kreditanstalt für Wiederaufbau (KfW), a government-backed development bank in Germany, is earmarked for the nine of REGMIFA’s target countries that participate in the G20 Compact with Africa. A total of 12 African countries are active in the Compact with