Supporting independent media around the world providing the news, information and debate that people need to build free, thriving societies

About Media Development Fund

Media Development Fund (MDIF) is an impact investment fund that invests in independent media outlets in countries that are media oppressed. Beside debt capital, it provides profound technical assistance to all portfolio companies for their growth strategies.

MDIF is operating since 1995 and has accumulated a tremendous wealth of expertise in the media sector across the globe. Furthermore, it is highly innovatively structured. The investment management company is set up as a non-profit entity whereas the fund is a plain vanilla Luxembourg fund structure. Thus, MDIF leverages its technical assistance activities with donor funding from the non-profit arm.


86% of the global population does not have access to independent media, as in many countries, the media is controlled by the state or a monopoly. Mostly this is a result of a lack of funding for independent media in such countries as investors are frightened by the risk involved. An independent media is crucial for democratic and economic development to ensure accountability of leaders and avoid corruption.


Contribution to the Sustainable Development Goals