Background

At the summit of 2007 in Heiligendamm the G8 endorsed the idea to establish an investment fund for the promotion of micro, small and medium enterprises (MSMEs) in the Sub-Saharan Africa region. KfW Bankengruppe (the German Development Bank), supported by the German Ministry for Economic Cooperation and Development (BMZ), developed and established this initiative in close collaboration with experienced Development Finance Institutions, International Financial Institutions and Donor Governments.

The Regional MSME Investment Fund for Sub-Saharan Africa S.A., SICAV-SIF (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.

The Technical Assistance Facility (TA Facility) was set-up as an independent entity from the Fund and was structured as a fiduciary agreement under Luxembourg law in July 2010.

Symbiotics SA, a specialized asset management company based in Geneva, Switzerland, is in charge of the Fund’s management as both Investment Manager and Technical Assistance Facility Manager.