Investment from Swedfund at EFP/ICCF for jobs and climate
Swedfund increases its financial commitment to EFP/ICCF by EUR 10 million. It is a financial platform created by the European development financiers to create jobs and combat climate change.
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Swedfund invests USD 35 million in the climate fund Climate Investor Two
On November 25th, Swedfund invested USD 35 million in the Climate Investor Two fund. The main purpose of the investment is to finance projects and activities in developing countries for climate adaptation, i.e. adaptations of societies to the effects of climate change. The fund will also contribute to climate change mitigation.
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Swedfund cooperation with Escom Malawi for transmission project upgrade
Swedfund Project Accelerator cooperates with Escom Malawi in developing the Eastern Backbone transmission grid upgrade project. By improving the grid, more people and industries can get reliable access to power.
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Swedish investment to support financial inclusion
Micro, small and medium-sized companies (MSME’s) create 4 out of 5 jobs in emerging economies. Yet, in developing countries, around 200 million MSME’s lack access to finance, especially companies owned by women. Today Swedfund announces an investment up to 15 MUSD in Accion Digital Transformation Fund, focusing on the digital transformation of financial institutions in developing countries.
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Swedfund invests in private credit funds to support African mid-sized companies in enhancing job creation and catalyzing local economic growth
The Swedish development finance institution, Swedfund, invests a total of MUSD 45 in two private credit funds to support sustainable economic growth and gender equality.
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Large investment for renewable energy capacity buildout in Africa
Swedfund invests 20 MUSD in Serengeti Energy, a Sub-Saharan independent power producer which develops, constructs, owns and operates grid-connected renewable energy resources in a region that is currently heavily dependent on fossil fuels.
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Additional investment for African private sector growth – in DRC, Uganda and Angola
Swedish Development Finance Institution Swedfund announces an additional investment of 4.45 MUSD in African Rivers Fund 3 (ARF 3) increasing Swedfund’s total commitment to 14.45 MUSD. ARF 3 primarily provides loan & equity financing to small and medium-sized companies in DRC (Democratic Republic of Congo), Uganda and Angola.
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Swedfund supports Indian micro-entrepreneurs
The limited access to credit for micro-entrepreneurs has been further worsened by the pandemic. At the same time, they are the second biggest employers in India and contribute to about 30% of the country’s GDP. Against that background the Swedish development finance institution, Swedfund, invests 20 MUSD in a long-term, senior unsecured loan to Five-Star Business Finance Limited (Five-Star).
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Swedfund invests in African tech entrepreneurs and promotes increased digitalisation
Investment in digitalisation in developing countries is central to reducing both financial and digital gaps. Hence, the Swedish development finance institution, Swedfund, invests in a fund focusing on developing young companies and supporting entrepreneurs working with digital business models spun out of local needs in Africa. The investment of USD 10 million is made in TIDE Africa Fund II.
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Swedfund increases support for healthcare in India
Swedfund today reaffirms its support to HealthQuad II, an innovation fund that supports companies with digital business models in the health sector, by making an additional USD 5M commitment. The purpose is to create long-term positive effects that reach India's large and growing population.
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Swedfund supports health entrepreneurs in Sub-Saharan Africa
Healthcare infrastructure in Sub-Saharan Africa is insufficient to meet the healthcare needs of its 1.1 billion population. Swedfund now commits EUR 5M in debt funding to Medical Credit Fund II, a fund that provides financing to small and medium-sized enterprises within the health sector in Sub-Saharan Africa.
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Uganda receives grant support from the Swedish Government for conducting floating solar studies
Following the successful signing of the Memorandum of Understanding between the GoU, represented by the MEMD, and Swedish Government, represented by the Swedish Embassy in Kampala, a number of initiatives have been proposed to support the Ugandan energy sector.
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