German development finance institution DEG has announced a $20 million investment into the Regional MSME Investment Fund for Sub‑Saharan Africa (REGMIFA), a debt fund dedicated to expanding access to finance for micro, small, and medium enterprises (MSMEs) across the region.
REGMIFA focuses on providing predominantly local‑currency senior loans to microfinance institutions, commercial banks, and other regulated financial intermediaries—including emerging fintech companies—that serve underserved entrepreneurs and small businesses. By supplying capital in local currency, the fund helps reduce foreign‑exchange risk for borrowers, enabling financial institutions to extend more stable and affordable credit to MSMEs.
The fund is managed by Symbiotics Asset Management, a Switzerland‑based asset manager specializing in impact‑driven investments in emerging markets. Through its long‑standing regional networks, Symbiotics oversees REGMIFA’s deployment strategy, ensuring financing reaches institutions that can most effectively stimulate economic activity and job creation.
DEG’s $20 million commitment will be channelled to end‑borrowers indirectly through partner financial institutions, supporting the expansion of lending to small enterprises that often face significant challenges accessing traditional banking services. The investment aligns with DEG’s mandate to strengthen private‑sector growth, enhance financial inclusion, and foster sustainable economic development across Sub‑Saharan Africa.
