A Regional Investment Fund for micro, small and medium enterprises in Sub-Saharan Africa (REGMIFA) was launched on 5th May 2010 in Berlin. Symbiotics Investment Manager SA, a Geneva-based management company specialized in microfinance, was selected to manage this new fund.
Created by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the development bank KFW, the REGMIFA will be given a budget of $ 150 million. The fund is meant to meet the financing needs of African financial intermediaries who provide loans to micro, small and medium enterprises in Africa. Read more
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