Regional MSME Investment Fund for Sub-Saharan Africa "REGMIFA"

We announce the release of the 2023 Fund Overview and Impact Report of REGMIFA! This comprehensive report not only highlights the financial performance of the Fund, but also delves into the significant impact achieved throughout the year. REGMIFA continues to uphold its commitment as an Article 9 Fund under SFDR, with sustainable investment objectives aligned with the UN's #SDGs 1, 5, and 8. By December 2023, 69% of our portfolio's PLIs had undergone ESG assessments, with 94% showing minimal exposure to high-risk activities. The report summarizes the achievements of REGMIFA and is a testament to the role that #blendedfinance can play in the investment space. Read the report here 👉 https://lnkd.in/eWtMCXEE

We are proud to announce that our long-standing partner, FMO - Dutch entrepreneurial development bank has formalized its commitment of USD 10 million investment into B-shares, affirming its commitment to supporting REGMIFA’s mission since 2010. This significant capital injection will enhance REGMIFA’s efforts to bolster micro, small, and medium-sized enterprises (#MSMEs) and low- to middle-income households across Sub-Saharan Africa. By collaborating with diverse financial institutions, including microfinance entities, innovative #fintech startups, and SME-focused banks, we aim to support financial inclusion and advance critical sectors such as education, agriculture, and clean energy. Together, we are fostering innovation, resilience, and positive impact on local businesses throughout the region, and we thank FMO for this enduring partnership. Read more here 👉 https://lnkd.in/eiNv72nc #blendedfinance #FMO #SubSaharanAfrica #financialinclusion

We recently had a productive board meeting hosted at the Citibank office in Luxembourg, with the participation of the chair Laure Wessemius-Chibrac and members Giuseppe Ballocchi, Claudia Huber, Edwige Takassi and Michael Brill. REGMIFA continues to stand out as a unique blended finance product involving a partnership between DFIs, private investors and African stakeholders. Together we are committed to the mission of impact investing in Sub-Saharan Africa and fostering economic development, creating employment opportunities and alleviating poverty in the region. #blendedfinance #impactinvesting #investinginAfrica

We are excited to announce that OeEB Oesterreichische Entwicklungsbank AG - The Development Bank of Austria has committed to investing USD 10 million in B-shares of REGMIFA. This investment enables us to expand our portfolio in Sub-Saharan African countries, providing essential financing to micro, small, and medium-sized enterprises (MSMEs), as well as low- and middle-income households through selected financial institutions. The fund will be reaching out to a wide range of sectors including education, agriculture, #CleanEnergy, #Microfinance, and #SMEBanking. A heartfelt thank you to OeEB for their continued support. Together, we are advancing #Financialinclusion and promoting sustainable development in Sub-Saharan Africa. Read more here 👉 https://lnkd.in/ecK6irGt

REGMIFA is thrilled to announce our recent investment in Socremo MicroBanco, S.A, a champion for micro and small entrepreneurs in Mozambique. With a robust history of 25 years, Socremo is a leader in microenterprise lending, enhancing credit access for underserved communities. Serving over 9,000 borrowers, half of whom in rural areas, Socremo is committed to fostering sustainable economic growth and tackling poverty in Mozambique, one of the world's least developed countries. We are proud to support initiatives that drive real change. Join us in celebrating this milestone as we continue to empower entrepreneurs and stimulate economic development across the region. #impactinvesting

We are pleased to announce that Fodé K Bangoura joined REGMIFA’s Investment Committee. With over 15 years of expertise, including a decade in impact investing, extensive work in Sub-Saharan Africa and fragile states, and clean energy projects, he represents a valuable addition to the Investment Committee. His experience enhances the team's collective knowledge and skills.

FMO - Dutch entrepreneurial development bank affirmed its commitment to inject USD 10 million into B-shares of #REGMIFA. This marks the fourth investment by FMO in REGMIFA, aimed at bolstering portfolio expansion within Sub-Saharan Africa and extending support to investees not directly engaged with FMO. This endorsement signifies a testament to the enduring partnership. For more information: https://lnkd.in/eTfzzfTV

We are pleased to share a new REGMIFA report: The Impact of Microfinance on REGMIFA’s borrowers: Insights from the 60 Decibels Microfinance Index 2022-2023, prepared by tameo. The 60 Decibels Microfinance Index is an annual global initiative that provides high-quality, comparable social impact data, driven entirely by client voices. Dive into the report to explore aggregated data from 13 portfolio lending institutions of REGMIFA, including insights from 3,586 end-borrowers in 10 Sub-Saharan Africa countries. Discover how REGMIFA's efforts align with the 60 Decibels regional and global benchmarks, reflecting the positive influence of microfinance on financial inclusion and empowerment. Read full report here: https://lnkd.in/e4mmTUea

We are trilled to share the impact achieved in 2022 as highlighted in the newly released REGMIFA 2022 Impact Report.   The report brings to light some statistics about the beneficiaries of REGMIFA's investments in Sub-Saharan Africa, where 15 out of the 23 countries of investment are classified as least developed countries, representing 27% of total investment.   REGMIFA is specifically targeting #SDGs 1, 5, and 8. Its impact touched the lives of over 200,000 end-borrowers, showcasing the Fund’s contribution to fostering inclusive economic growth. This commitment to sustainable development underscores our belief in the power of #financialinclusion to drive positive change in Africa. As we move forward, we are eager to build on this momentum and continue our journey towards a more inclusive and prosperous African economy. Read full report here 👉 https://lnkd.in/eEUm-mx6 #impactinvesting #sustainablefinance