KfW and Allianz launch fund for joint investments in African companies

KfW Entwicklungsbank, together with Allianz Global Investors has set up a fund that will provide financial resources to support African economies. The fund’s aim is to finance small and medium-sized enterprises, start-ups, and to create more...

KfW and Allianz launch fund for joint investments in African companies
KfW Entwicklungsbank, together with Allianz Global Investors has set up a fund that will provide financial resources to support African economies. The fund’s aim is to finance small and medium-sized enterprises, start-ups, and to create more than 25,000 new jobs. The fund volume initially amounts to $188 million (€170 million) provided by cooperation between public and private partners.