​Annual report 2019: Strong job growth in the fight against poverty

News   •   Jul 03, 2020 10:45 UTC

Swedfund’s portfolio helps to create almost 200,000 jobs. This is shown by Swedfund’s Integrated Report (IR) for 2019. In the IR, the earnings trend is accounted for by the investments Swedfund has made. They cover all three parts where we follow up on the development of our investments, the so-called fundamentals: impact on society, sustainability and financial viability.

Swedfund’s investment creates new opportunities for Indian healthcare

Press releases   •   Jun 24, 2020 07:35 UTC

​Developing countries' infrastructure for healthcare is deficient and the pressure on healthcare facilities is greatly increasing as the Covid-19 virus spreads. The Swedish development finance institution Swedfund invests in the Indian fund HealthQuad II, targeting early-stage companies in the health sector that creates long-term positive effects for India's growing population.

​Swedfund supports healthcare actors in Nigeria, Madagascar and India with Covid-19 related emergency response

Press releases   •   May 26, 2020 13:50 UTC

The pressure on healthcare facilities is greatly increasing in developing countries as the Covid-19 virus spreads. Based on long experience of working with sustainable investments in developing countries Swedfund supports different actors in the healthcare sector in Nigeria, Madagascar and India with a total of 2,2 million SEK. The support includes personal protective equipment, medicines, and transports. 

- To prevent the spread of coronavirus and to support the emergency preparedness in our investments we monitor continuously how Swedfund can assist our investment during the pandemic. The focus is increased health and safety for healthcare workers, to keep potentially infected patients separate from other patients and to prevent the spread of the Corona virus, says Johanna Raynal, Director of ESG & Impact of Swedfund.

Opham is a leading pharmaceutical products wholesaler in Madagascar and provides specialty and generic products to pharmacies and hospitals in the country. Express Pharma is a chain of pharmacies delivering safe medicines across Lagos in Nigeria together with Dr Express diagnostic services. Medica Synergie is a healthcare provider focused on the East Indian market, treating over 485,000 patients each year. Today, Medica manages eight hospitals and the company´s strategy is to provide affordable healthcare that is of high quality in underserved parts of the country.

About Swedfund

Swedfund is Sweden's development finance institution for sustainable investments in developing countries. In order to achieve the goal: a world without poverty, more jobs are required in the private sector and that access to renewable energy is increasing. Investments are therefore made within energy & climate, health and to reach small and medium-sized companies.

As a state-owned company, Swedfund is managed by the Ministry of Enterprise and Innovation. The operations are financed partly through capital injections for which the Ministry of Foreign Affairs is responsible and through reflows from the own portfolio. Swedfund was founded in 1979 and has since the start made more than 240 investments in more than 60 countries.

www.swedfund.se/en
www.edfi.eu

Pressure on healthcare facilities is greatly increasing in developing countries as the Covid-19 virus spreads. Based on long experience of working with sustainable investments in developing countries Swedfund supports actors in the healthcare sector in Nigeria, Madagascar and India with a total of 2,2 million SEK. The support includes personal protective equipment, medicines, and transports.

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​Swedfund supports SMEs in East Africa with 5 million EUR

Press releases   •   May 22, 2020 13:29 UTC

In order to support small and medium-sized companies following the Covid-19 outbreak the Swedish Development Finance Institution, Swedfund, now increases the liquidity available to these companies by lending 5 million EUR to Platcorp, a financial institution providing credit to private individuals and small and medium-sized companies, in Kenya, Uganda and Tanzania.

- It is urgent for us as a Development Finance Institution to strengthen the financial resilience of companies and protect jobs in developing countries .The Platcorp Group has a broad and efficient platform for providing access to financing for small and medium-sized companies in East Africa, which makes it possible for us to reach and support several companies which is in line with our mission, says Maria Håkansson, CEO Swedfund.

Platcorp was founded in 2003 in Kenya and expanded to Uganda in 2004 and Tanzania 2008. Platcorp has a loan portfolio across the three countries of $160million. In 2019 Platcorp disbursed approximately 826,000 loans to its clients. Platcorp is a leading provider of SME financing and payroll lending in East Africa.This is the second loan from Swedfund to Platcorp, with the first loan issued in 2018.

With support from Swedfund’s facility for Technical Assistance, Platcorp has further developed its sustainability capabilities, among other things, by introducing a group-wide Environmental and Social Management System.

About Swedfund

Swedfund is Sweden's development finance institution for sustainable investments in developing countries. In order to achieve the goal: a world without poverty, more jobs are required in the private sector and that access to renewable energy is increasing. Investments are therefore made within energy & climate, health and to reach small and medium-sized companies.

As a state-owned company, Swedfund is managed by the Ministry of Enterprise and Innovation. The operations are financed partly through capital injections for which the Ministry of Foreign Affairs is responsible and through reflows from the own portfolio. Swedfund was founded in 1979 and has since the start made more than 240 investments in more than 60 countries.

www.swedfund.se/en
www.edfi.eu

Read more »

​Swedfund supports with protective equipment in sub-Saharan Africa

Press releases   •   May 05, 2020 08:21 UTC

Several clinics and hospitals have already received support. Now support is also going to a cancer clinic in Ghana as well as a healthcare facility in Liberia. At the top of the priority is protective masks, education and the possibility to separate people who are infected with Covid-19 from other patients and healthcare workers.

​Swedish investments in clinics and hospitals in Sub-Sahara Africa receive 5 million SEK in emergency support due to Corona

Press releases   •   Apr 14, 2020 07:54 UTC

The Swedish development finance institution Swedfund has long experience of working in developing countries and was during the Ebola outbreak active in the countries most affected in Africa. Based on theexperience of investing in Africa, Swedfund has asked all its hospitals and clinics to specify how Swedfund can assist them in protecting personnel, clinics and hospitals from the Corona pandemic

​Swedfund is reporting on implementation of IFC’s Operating Principles for Impact Management

News   •   Apr 03, 2020 12:21 UTC

Swedfund was one of sixty investors, the first Swedish investor, who signed on to this set of principles intended to bring greater transparency, credibility, and discipline to the impact investing market in April 2019.

​Swedfund invests in maternal care in East Africa

Press releases   •   Apr 02, 2020 09:36 UTC

According to WHO, more than 300 000 women died in 2015 from pregnancy related causes. Two thirds of these deaths occurred in Sub Saharan Africa. Some of the gaps leading to poor outcomes are delays in seeking care, delays in action or inadequate care by providers. Gaps that Jacaranda Maternity addresses through its maternal care model.

​Swedfund commits 15 MUSD to renewable energy in Africa

Press releases   •   Jan 15, 2020 12:15 UTC

Swedfund commits 15 million dollars to Metier Sustainable Capital II, a fund focused on renewable energy in sub-Saharan Africa. In addition to investments in renewable energy, the fund will also invest in projects for resource efficiency in areas such as water and waste management.

​Swedfund supports inclusive growth in Sri Lanka

Press releases   •   Dec 20, 2019 15:17 UTC

LOLC Group subsidiary and LOFC (LOLC Finance PLC) has signed an agreement with Swedfund, to receive a total of 10 million dollars in a Senior Loan. LOFC is a leading financial institution in Sri Lanka that enables financial inclusion, an increased tax base and job creation. For Swedfund these are important tools to reduce poverty and support democratic development.

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About Swedfund

Reducing poverty through sustainable investments

Swedfund is the Swedish government’s Development Finance Institution, contributing through sustainable investment to economic and environmental development as well as a positive impact to society in the world poorest countries.

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