Swedfund provides a USD 15 million long-term subordinated loan to Equity Bank Kenya, a leading Kenyan commercial bank with strong focus on small and medium sized enterprises (SMEs). By supporting Equity Bank, Swedfund will contribute to private sector development, job creation, and responsible lending practices.
Over the past year Swedfund has assessed a number of investment opportunities in the resource efficiency space in order to broaden Swedfund’s scope within climate and further align Swedfund’s mission with the Paris Agreement. Swedfund, as one of several European development finance institutions, has now invested in South Asia Growth Fund II (SAGF II).
Swedfund’s value creation process has been developed on 40 years of experience of investing in sustainable businesses in the world's most challenging countries and describes how we best fulfill our mission.
Sweden’s development finance institution, Swedfund is focused on supporting the transition away from fossil fuels and towards renewable energy. Swedfund has signed a loan agreement for 10 million euros to be part of the financing together with EBRD, NEFCO and Scatec Solar ASA to construct and operate a 55.4 MWp solar power plant located in Central Ukraine.
Today, private sector is driving the development of Africa's economy by creating four out of five jobs and bringing together 33 per cent of Africa's GDP. For 40 years, Swedfund’s mission has been to fight poverty by investing in sustainable businesses in the world's most challenging countries. Job creation has always been the core of our work.
On 15 May, the 15 members of the Association of European Development Finance Institutions (EDFI) gathered for their Annual Meeting and launched a new initiative to deepen cooperation on responsible financing requirements and impact measurement.
At the EDFI Annual General Meeting held on Wednesday, May 15 a new Chair and new members of the board were appointed. Swedfund CEO Maria Håkansson take place as one of six members of the board.
Swedfund is one of sixty investors who signed on to a new set of principles intended to bring greater transparency, credibility, and discipline to the impact investing market during the World Bank Spring Meetings.
Solar Energy to 360 million people - but lack of responsible management of e-waste can become the dark side of the off grid market in developing countries.
The Swedish Development Finance Institution, Swedfund, lends 10 million EUR to Premier, a financial institution providing credit to private individuals and small and medium-sized enterprises, SMEs, in Kenya, Uganda and Tanzania.
Swedfund is financing the solar provider d.light for continued expansion in Africa. In total, d.light raise US$41 million in from a consortium of several financiers led by Inspired Evolution. Consortium partners include Swedfund as well as the Norwegian and Dutch development finance institutions, Norfund and FMO.
Monrovia based Snapper Hill Clinic (“SHC”) has secured technical assistance funding from the Swedish DFI (Development Finance Institution), Swedfund through its shareholder TLG Capital (“TLG”). The funds will be put towards targeted improvements in the quality of the healthcare services it currently provides.
