Development finance institution
KfW Development Bank
KfW Development Bank is a German state-owned development bank that operates as part of the KfW Group. Its mandate is to finance development projects and programmes on behalf of the German Federal Government, with the goal of improving living conditions in developing and emerging countries. The bank's investment strategy focuses on providing grants, concessional loans, and equity to support its partner countries in achieving development and climate goals.
Investment focus
- Sectors
- TechnologyFinancial servicesAgriculture and foodReal estate and housingEnergy and powerConsumerSMEsInfrastructureHealthcare
- Stages and strategies
- GrowthFund investmentsPrivate credit
- Regions
- Northern Africa, Eastern Africa, Western Africa, Central Africa, Southern Africa
Fund commitments
- Nomou Jordan Fund
- Eco-Business II Sub-Fund
- E3 Low Carbon Economy Fund I
- Adjuvant Global Health Technology Fund LP
- Fairtrade Access Fund
- The Currency Exchange Fund (TCX) N.V.
- Regional MSME Investment Fund for Sub‑Saharan Africa (REGMIFA)
- The Regional Education Finance Fund for Africa (REFFA)
- Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF)
- Green for Growth Fund
- Women's World Banking Capital Partners Fund II
- Partech Africa Fund II
- Africa Agriculture and Trade Investment Fund (AATIF)
- Partech Africa Fund I
- AfricInvest Financial Sector Fund
- African Local Currency Bond Fund (ALCBF)
- Africa Conservation and Communities Tourism Fund
- Facility for Energy Inclusion
- Social Enterprise Fund for Agriculture in Africa (SEFAA)
- The Emerging Africa & Asia Infrastructure Fund
- Oyass Capital Fund
- The ResponsAbility Climate Smart Agriculture & Food Systems Fund (CSAFSF)
- High-Tech Gründerfonds I (HTGF)
- Climate Finance Partnership Fund (CFPF)
- Grofin Small and Growing Businesses Fund
- AGIA Project Development Fund (AGIA-PD)
- Emerging Market Climate Action Fund (EMCAF)
- Aavishkaar Global Supply Chain Support Fund
- High-Tech Start-up Fund III (HTGF III)
- Tuninvest Croissance
- Sahel Capital Agribusiness Fund II (SCAF II)
- ShoreCap III
- African Transition Acceleration Fund (ATAF)
- Rural Impulse Fund II
- Local Community Trust Debt Fund
- InsuResilience Investment Fund Private Equity II SCA SICAV-RAIF
- BlueOrchard COVID-19 Emerging and Frontier Market MSME Support Fund
- Microfinance Enhancement Facility S.A., SICAV-SIF
- Women's and Children's Health Technology Fund
- Omnivore Agritech & Climate Sustainability Fund III
- PME Croissance
- Global Health Investment Fund I
- SANAD Fund for MSME
- Global Climate Partnership Fund
- AfricInvest Financial Inclusion Vehicle FIVE
- Africa Go Green Fund
- Verdant Capital Hybrid Fund
- Advans
- S.A. SICAR
- InsuResilience Investment Fund I - Private Equity Sub-Fund
- Fund for Agricultural Finance in Nigeria (FAFIN)
- Azur Innovation Fund
Sources
- Partner Researchers, accessed 14 November 2026
- https://empowerafrica.com/fsdai-allied-climate-partners-commit-50-million-to-african-transition-acceleration-fund/, empowerafrica.com. Accessed 14 November 2026.
- https://www.africa50.com/media/news/article/alliance-for-green-infrastructure-in-africas-project-development-fund-agia-pd-achieves-first-close-with-us118-million/, www.africa50.com. Accessed 14 November 2026.
- https://www.africatradenews.com/news/senegal-oyass-capital-fund-raises-57-million-to-finance-local-smes, www.africatradenews.com. Accessed 14 November 2026.
- https://alliance4e.org/projects/e3-low-carbon-economy-fund-i-lcef/, alliance4e.org. Accessed 14 November 2026.
- https://techtrends.africa/global-vc-firm-partech-secures-largest-africa-focused-fund-at-263-million/, techtrends.africa. Accessed 14 November 2026; link checked 15 November 2026.
- https://sahelcapital.com/kfw-development-bank-and-sahel-capital-launch-24-million-sefaa/, sahelcapital.com. Accessed 14 November 2026; link checked 15 November 2026.