INVESTMENT WATCH- Finance in Motion pledges USD 100 mn in funding to SMEs this year: German-based asset manager and self-styled impact investor Finance in Motion is looking to provide loans and funding to Egypt’s SMEs to the tune of USD 100 mn this year, said the firm’s head of Egypt, Yemen and Iraq operations Mohamed Morsy. The company, which has EUR 1.9 bn in assets under management, is looking to increase that funding to USD 200 mn in five years primarily through the USD 250 mn SANAD Fund, he added. Earlier this month, the fund, along with the Arab African International Bank (AAIB) and German development bank KfW, launched their JV microfinance startup, SANDAH. SANAD holds a 30% stake in SANDAH.

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