DEG: AfricaConnect

Updated in October, 2020
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AfricaConnect provides financing support on attractive terms to European companies in both their existing and planned activities in Africa. It promotes and facilitates local investments in a targeted manner, offering tailored financing solutions without red tape for subsidiaries of European companies that are already active in Africa or are planning to enter the market and for African companies holding long-term business relationships with European companies. 

Financing is only possible if the company is profitable and can service the loan from its operating activities and if the investment generates local value, e.g., job creation, market innovation.

Technology Focus
Size of investment
€0.75 million to €4 million
Total fund size
(Annual budget)