New Investments
FMO Injects $10 Million into REGMIFA to Boost Sub-Saharan African SMEs
Dutch development finance institution FMO has announced a $10 million investment in the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA).
This funding will bolster REGMIFA’s efforts to support micro, small, and medium-sized enterprises (MSMEs) across the region.
By partnering with microfinance institutions, fintech startups, and mid-sized banks, REGMIFA aims to expand access to finance for MSMEs and low- to middle-income households.
FMO’s investment is strategic as it allows the fund to reach smaller financial institutions and underserved markets, including countries like Niger, Angola, and Mali.
“This investment aligns with our commitment to gender equality and financial inclusion,” said Juan Jose Dada Ortiz, FMO’s director of financial institutions.
“By supporting REGMIFA, we are empowering women entrepreneurs and contributing to economic growth in the region.”
Laure Wessemius-Chibrac, chairwoman of the REGMIFA board, expressed enthusiasm about the partnership, stating, “This investment will fuel innovation and resilience among African entrepreneurs, creating a positive impact on countless lives.”
FMO’s support underscores its dedication to fostering sustainable development and economic growth in Sub-Saharan Africa.
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