DEG commits to Africa debt fund
The German DFI has disclosed an investment of $20 million in the Regional MSME Investment Fund for sub-Saharan Africa.
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German development financier DEG has disclosed an investment of $20 million in the Regional MSME Investment Fund for sub-Saharan Africa (REGMIFA), a debt fund with a regional focus on sub-Saharan Africa.
The fund provides predominantly local currency senior loans to microfinance institutions, local commercial banks and other financial institutions, including fintech companies.
REGMIFA is managed by Symbiotics Asset Management, a Switzerland-based asset manager and advisor.
The DEG funds will be on-lent via financial institutions.
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