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Germany’s DEG invests $41m into Africa digital infrastructure funds

The Cologne-based institution talks of a substantial acceleration of Africa’s digital transformation journey.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

February 10, 2022 | 2:01 AM GMT

Germany’s DEG invests $41m into Africa digital infrastructure funds

Rainer Steinhagen, investment manager at DEG.

Development finance institution Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a subsidiary of KfW Group, said it will invest US$41 million into two separate African digital infrastructure funds.

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João Marques Lima

Founder and Editor, The Tech Capital

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