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.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Ghana’s Sahara Impact Ventures Backs Agriarche to Transform Nigeria’s Agricultural Value Chains
Accra-based impact fund Sahara Impact Ventures has disclosed a new investment in Agriarche, a Nigerian agtech startup targeting post-harvest inefficiencies that suppress farmers’ revenue and sustainability.
Incofin Backs East African Food Enterprises to Boost Nutrition and Food Security
Incofin Investment Management, through the Nutritious Food Financing Facility (N3F) and in partnership with the Global Alliance for Improved Nutrition (GAIN), has invested in three food companies in East Africa: Soy Afric in Kenya, and Mkuza Chicks and Rainbow Haulage in Tanzania, to boost nutrition and food security in the region.
Camco’s REPP 2 Provides $13.5 Million to Afreenergy Solar for Senegal Expansion
Afreenergy Solar has secured a senior debt facility equivalent to approximately $13.5 million from the Renewable Energy Performance Platform 2 (REPP 2), a private debt fund managed by UK-based Camco, to refinance operating rooftop solar assets and develop new solar and battery storage projects for businesses in Senegal.