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.
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.
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.
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.
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.
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.
This post by MD Anna Ryott is part of the UN Foundations blog series, “Her Goals: Our Future,” which highlights the connections between girls and women and the Sustainable Development Goals.
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.
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.
Swedfund invests MUSD 10 in the Nigerian Ecobank through a subordinated term loan. The investment is made in conjunction with, among others, the Dutch development bank FMO and is an important contribution to the development of the country’s private sector.
Scania and the development financier of the Swedish state Swedfund are establishing a partnership to develop the production of biogas as an automotive fuel in the Indian city of Nagpur. The biogas will be produced from digested sludge from one of the city’s wastewater treatment plants in collaboration with local companies.
Swedfund, is selling its stake in the Kenyan insurance company UAP. The sale, to Old Mutual, entails a capital gain exceeding SEK 160 million for Swedfund. ”In only three years we have succeeded in achieving Swedfund’s primary targets for the business. We have realized substantial value, created employment opportunities and fair employment conditions,” states Anna Ryott, MD at Swedfund.
