Regional Education Finance Fund for Africa

Unlocking potential through education

The Regional Education Finance Fund for Africa (REFFA) is the first education finance fund in Africa. It is a unique thematic fund designed to address the needs of the education sector in Africa. Its main objective is to increase equal access to secondary, vocational and higher education and enhance education quality.

To find out more, visit

Find the SFDR Article 9 for this fund here.

Find the 2020 REFFA Impact Report here.

Find the 2019 REFFA Impact Report here.

Impact KPIs

Figures as of June 2021

total education finance portfolio
education providers reached
learners and students reached
male borrowers
female borrowers

SDGs addressed by the Fund

SDG-01 SDG-04 SDG-05 SDG-08 SDG-10 SDG-17

Fund Facts

  • Initiator

    KFW, German Development Bank

  • Sponsor

    BMZ, German Ministry for Economic Cooperation and Development

  • Date of inception

    December 2012

  • Target size:

    USD 100 million

  • Technical Assistance Facility

    approx. USD 5 million


Welcome to BlueOrchard’s investment solutions. We are delighted that you are interested in our products. We would like to draw your attention to the following legal notice, to which you consent expressly by clicking on “Proceed” below. We thank you very much for your attention.