by Zach Deluca -

MICROCAPITAL BRIEF: BMZ, KfW Creating Clean Energy and Energy Inclusion for Africa (CEI Africa) with Goals Including to Enable Diaspora Investments via Crowdfunding

Two German institutions, Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ) and KfW, which was formerly known as Kreditanstalt für Wiederaufbau, are launching a foundation called Clean Energy and Energy Inclusion for Africa (CEI Africa). The foundation has EUR 49 million (USD 55.2 million) to donate in support of

by Tejas Gumudavelly -

MICROCAPITAL BRIEF: Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA) Raises $24m from BMZ via KfW

The German Federal Ministry for Economic Cooperation and Development, which is also known by its German acronym BMZ, recently invested EUR 20 million (USD 24.3 million) in the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), which supports micro-, small and medium-sized enterprises (MSMEs) in 19 countries. The investment, which BMZ issued through Kreditanstalt für Wiederaufbau (KfW), a government-backed development bank in Germany, is earmarked for the nine of REGMIFA’s target countries that participate in the G20 Compact with Africa. A total of 12 African countries are active in the Compact with