Husk Power Systems receives $20 million investment from Shell, Swedfund, ENGIE Rassembleurs d’Energies to scale renewable mini-grid business in Africa and Asia
Press Releases • Jan 16, 2018 07:11 GMT
Husk Power Systems, a leading rural distributed utility company operating mini-grids in Asia and Africa, today announced a US $20 million equity investment* by Shell Technology Ventures LLC, Swedfund and ENGIE Rassembleurs d’Energies. Husk is now positioned to accelerate its growth to develop what the International Energy Agency estimates as a $190 billion mini-grid market leading up to 2030.
Press Releases • Dec 14, 2017 07:42 GMT
Swedfund, Sweden’s development finance institution, has made an incremental commitment of MUSD 5 to Renewable Energy Asia Fund II (REAF II) and further strengthened its contribution to the build-out of renewable energy in developing Asian countries.
Press Releases • Dec 06, 2017 14:35 GMT
Swedfund’s Board has appointed Maria Håkansson as the new CEO. Maria Håkansson joins Swedfund from Ericsson, where she was Vice President Internet of Things (IoT). Maria Håkansson has held a number of senior roles at Ericsson.
News • Nov 08, 2017 05:29 GMT
Swedwatch has presented a research report around the human rights impact from Swedfund’s investment in Addax Bioenergy during the investment period and in connection with the exit in 2015. Gerth Svensson, acting CEO of Swedfund, comments.
News • Nov 02, 2017 09:15 GMT
We have focused our efforts in the sectors deemed best able to achieve development, which is in line with our mission. Where we have the greatest opportunity to generate benefits depends on a number of factors, such as experience in the sector and where we can best achieve results in equality, the environment and the creation of jobs.
News • Oct 02, 2017 06:59 GMT
An effective finance sector is fundamental for a country’s economic growth. By investing in banks and funds, Swedfund contributes to financial inclusion, job creation and sustainable businesses.
News • Sep 21, 2017 06:13 GMT
Financing for sustainable development can come from several sources; aid, private capital, domestic tax-based financing and from development finance institutions. The sources of finance can be regarded as different, but complimentary, tools in the fight for sustainable development. Here we explain about the tools, focusing on what the development finance institution achieves.
News • Sep 07, 2017 08:50 GMT
Our joint ability to mobilise finance is decisive if we are to achieve the global goals. The traditional sources of finance are insufficient: the amount invested must go from billions to trillions. This makes private finance essential.
News • Sep 05, 2017 07:10 GMT
The Development finance institutions Swedfund of Sweden and FMO of the Netherlands have agreed to provide NMB Bank with a line of credit for lending to exporting small and medium enterprises (SMEs) in Zimbabwe.
News • Aug 29, 2017 09:09 GMT
2016 is the first year on the road towards the global goals. It is the first year all countries are following a common agenda to root out extreme poverty and counteract the climate threat. Swedfund’s Integrated Report 2016 explains how we integrate the global goals in our business model and investment process.
Press Releases • Jul 11, 2017 09:24 GMT
Swedfund, Sweden’s development finance institution, is committing MUSD 10 to Renewable Energy Asia Fund II L.P. The fund invests in small and medium-sized renewable energy projects in South and Southeast Asia.
News • Jul 04, 2017 06:10 GMT
The Rezidor Hotel Group, one of the most dynamic hotel groups in the world and Swedfund International AB, the Development Finance Institution of the Swedish state, have joined forces to host the Women4Growth workshop with the purpose of enabling more women to reach management positions.
Press Releases • Mar 24, 2017 07:32 GMT
Swedfund, Sweden’s development finance institution, invests 13 MUSD in the fund Frontier Energy II. The fund focuses on small and medium-sized renewable energy projects, primarily in East Africa.
Press Releases • Dec 14, 2016 08:56 GMT
Swedfund, the Swedish development financier, invests USD10 million in Bayport Management Ltd (“Bayport”). The investment will improve access to financial services for people with low income, giving them the opportunity to get loans for, inter alia, education and housing.
News • Aug 22, 2016 11:12 GMT
On Tuesday Swedfund MD Anna Ryott will moderate the first part of the roundtable discussion on how innovative partnerships can drive the fulfilment of SDG 9 and SDG 11. The meeting is organised by the Swedish Embassy in Paris, Scania and Business Sweden.
Press Releases • May 26, 2016 12:30 GMT
The development financier Swedfund and the industry group DBL establish a textile factory in Mekelle, Ethiopia, which will provide job opportunities for 4,000 people. H&M will be a long time buyer and support with expert knowledge in sustainable textile production.
News • Nov 11, 2015 13:23 GMT
Swedfund invests MUSD 5 through a loan in Acleda Bank, a bank with strong focus on social and economic development. The loan enables the Bank's continued expansion in rural areas and thus contributes to increased employment and development of domestic production.
News • Oct 23, 2015 07:59 GMT
Swedfund invests MUSD 5 in Tanzanian National Microfinance Bank (NMB) through a syndicated loan led by the Dutch Development Bank FMO. The funds will primarily be used for on-lending to small-and-medium enterprises (SMEs) and corporate borrowers, thereby contributing to job creation in Tanzania.