DEG commits 100th ImpactConnect financing for German SMEs
Germany, Oct. 27 -- By providing a EUR 5 million loan for KBE Tunisie, a company belonging to Germany's KBE Group, DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH has now committed its 100th ImpactConnect financing. KBE manufactures cables and wiring systems for the automotive, electronics and solar industries. Since the programme was launched in 2019, DEG has co-financed investments by German companies in 25 emerging markets through ImpactConnect. For this purpose, ImpactConnect loans totalling EUR 345 million have been provided, complemented by around EUR 350 million coming from the companies themselves.The programme, developed and implemented by DEG, is funded by the German Federal Ministry for Economic Cooperation and Deve...
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