Categories: Kenya

  • European DFIs invest in BluePeak Private Capital Fund II to boost jobs, resilience, and private sector growth

    European DFIs invest in BluePeak Private Capital Fund II to boost jobs, resilience, and private sector growth

    Four European Development Finance Institutions (EDFIs), British International Investment (BII), FMO, Swedfund, and Swiss Investment Fund for Emerging Markets (SIFEM) have jointly committed $80 million to BluePeak Private Capital Fund II (BPCF II), a fund focused on addressing the financing needs of mid-sized businesses in Africa, with an emphasis on ESG best practices and meaningful impact.

  • Swedfund invests in preservation and creation of African SME jobs

    Swedfund invests in preservation and creation of African SME jobs

    Swedfund is investing USD 15 million in TLG Africa Growth Impact Fund II (TLG II). Through the investment, Swedfund aims to support the preservation and creation of decent jobs in small and medium size companies that otherwise struggle to find financing.

  • Photo: Agventure / Peter Irungu

    In a time of increased need - Swedfund's model delivers sustainable results

    Swedfund accelerated sustainable investments for climate action and poverty reduction to a total value of SEK 2.7 billion while also delivering a positive financial result. Ukraine was prioritised, resulting in 25 new projects within critical infrastructure. On Monday, Swedfund published its Integrated Annual and Sustainability Report for 2024 - Investing for Employment, Environment, Empowerment.

  • Swedfund invests in African SME Fund

    Swedfund invests in African SME Fund

    Swedfund has committed EUR 15 million to the AfricInvest Small Cap Fund, a private equity initiative focused on supporting small and medium-sized enterprises (SMEs) across Africa. This indirect investment can enable more growth-oriented investments to unlock the full potential of SMEs in Africa.

  • Swedfund, BII and Norfund invest $85 million in AgDevCo to support agribusinesses in Africa

    Swedfund, BII and Norfund invest $85 million in AgDevCo to support agribusinesses in Africa

    Swedfund, alongside BII and Norfund, have announced a joint $85 million investment in AgDevCo, the specialist investor transforming agriculture across sub-Saharan Africa. The investment comprises up to $20 million from Swedfund, $50 million from BII and $15 million from Norfund, aimed at supporting high-impact agribusinesses to increase productivity and improve food security in rural areas.

  • Swedfund continues to support SME lending in Kenya

    Swedfund continues to support SME lending in Kenya

    Swedfund has announced a second investment of USD 7.5 million in Kenya's Victoria Commercial Bank (VCB) PLC. The loan will further strengthen the bank's ability to finance small and medium-sized enterprises (SMEs), which play a vital role in Kenya's economy by creating jobs and driving growth.

  • Swedfund supports local food processing and smallholder farmers in Africa

    Swedfund supports local food processing and smallholder farmers in Africa

    Swedfund supports increased local processing capacity in African through a working capital loan of up to USD 15 million to Robust International (Robust). The loan will enable Robust to source local commodities to new processing facilities and thereby spur job creation, economic growth and trade.

  • Mohizi is a small-scale, women-led plantain chips producer in Côte d'Ivoire that has been able to formalise and grow its business with loans and support from COFINA. Photo: Axel Hallgren/Swedfund

    Closing MSME finance gap in Côte d’Ivoire and Senegal

    Swedfund has invested EUR 20 million in Compagnie Financière Africaine (COFINA), a leading mesofinance institution that provides loans to micro, small and medium-sized businesses in West and Central Africa to enable them to develop and grow their business.

  • Inside Equity Fund invested in Alpha Polyplast, a Zambian company that specialises in recycling plastic waste, to increase its capacity to recycle plastic waste throughout the country. Photo: Alpha Polyplast

    Catalysing sustainable growth through SMEs in Southeast Africa

    Swedfund, Sweden’s development finance institution, has invested USD 10 million in Inside Equity Fund II, aiming to support small and medium-sized enterprises (SMEs) with impactful and innovative solutions in Zambia, Madagascar, Mauritius, Tanzania, Malawi and Mozambique.

  • Photo: Sam Makoji / Getty Images

    Investment for enhanced access to finance for MSMEs in Nigeria

    Swedfund invests USD 30 million in Access Bank Nigeria Plc to reach underserved MSMEs (micro, small and medium enterprises) at scale. By providing long-term capital and capacity building to unbanked and under-banked companies in Nigeria, the investment is expected to support sustainable private sector development and inclusive growth.

  • Xurya’s solar systems in Indonesia, South Jakarta. Photo: Xurya Daya Indonesia

    Swedfund makes first renewable energy investment in Indonesia

    Swedfund, Sweden's development finance institution, has announced an equity investment of USD 10 million in Xurya, an innovative Indonesian solar rooftop company. Xurya enables commercial and industrial companies across the country to adopt solar power with no upfront costs, displacing fossil fuel-based power generation.

  • Swedfund to support Ukraine's energy sector

    Swedfund to support Ukraine's energy sector

    Swedfund and Ukraine’s state-owned energy company Naftogaz, has signed a Memorandum of Understanding (MOU) aimed at supporting the modernisation of combined heat and power plants (CHPs) and advancing renewable energy projects in Ukraine.

  • Founded by a female entrepreneur, Kinshasa-based DPXL is known for urban signs & billboards. The company has received XSML funding for new equipment and is now looking to expand further. Photo: Sighted Design, DRC

    Investing for continued support to SMEs in Central and East Africa

    Swedfund invests 15 MUSD in African Rivers Fund IV, an impact-oriented credit fund empowering sustainable growing companies in Central and East Africa to increase access to long term small and medium-sized enterprise (SME) financing and support for sustainable private sector growth.

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