REGMIFA is a unique social impact investment fund structured to promote the growth of Africa’s MSME sector and foster economic development through employment creation, income generation and poverty alleviation.
Type of investment
- Local economic growth
- Financial inclusion
Investment Companies & Funds
At the summit of 2007 in Heiligendamm, the G8 endorsed the establishment of an investment fund for the promotion of Micro, Small and Medium Sized Enterprises (MSMEs) in Sub-Saharan Africa. KfW (the German Development Bank), supported by the German Ministry for Economic Cooperation and Development (BMZ), developed and established this initiative in close collaboration with Development Finance Institutions, International Financial Institutions and Donor Governments.
The Regional MSME Investment Fund for Sub-Saharan Africa S.A. (REGMIFA) was launched on 5 May 2010 and qualifies as a Société d’ Investissement à Capital Variable – Fonds d’Investissement Spécialisé (SICAV-SIF) under Luxembourg Law. It is a multilayered fund structured to attract both, public and private investors, looking to promote impact with a risk adjusted return.
Symbiotics, a Geneva based asset management company specialized in impact investing, is acting as fund manager of REGMIFA.
Local economic growth
Regmifa will create a chain of impacts that will generate a number of (in)direct benefits for the end-borrowers of the Fund (MSME clients).
Regmifa is expected to serve 25,000 MSMEs in its first year of operations alone, rising to a cumulative 315,000 by year 5 through partner lending institutions.