Swedfund, which is Sweden's development finance institution for sustainable investments in developing countries, has a new investment manager who will lead the investment organization: Marie Aglert. She comes most recently from the Swedish Export Credit Agency, EKN, where she was Director Large Corporates.
Swedfund invests USD 15 million in HCGF IV for investments in small and medium-sized companies in the IT-sector in Ukraine. The investment will help create jobs and export revenues to Ukraine. At the signing at the presidential palace in Kiev, Ukrainian President Volodymyr Zelenskyy attended.
Swedfund’s Project Accelerator has entered into a grant agreement to finance a study on the possibilities of introducing alternative fuels for Lagos public transport system, with the purpose of reducing emissions, especially CO2.
Swedfund announced on December 29th, 2022 an additional investment in d.light (1.9mn USD). d.light is a company providing affordable off-grid solar electricity to people living without access to reliable and clean energy in Africa and India. Swedfund’s funding will be used for supporting the company’s further expansion.
Swedfund invests $25 million in vietnamese bank VP to reach small and medium-sized companies and create more jobs and it is Swedfund's first direct investment in the financial sector in Vietnam.
Swedfund invests USD 10 mn in the Asian fund AFMF. The purpose is to support SMEs and contribute to job creation and development, including through the promotion of gender equality, climate resilience, strong ESG standards and financial inclusion in Cambodia and Laos.
Swedfund invested USD 30 million on the 1st of March in the Mirova Gigaton Fund . The main purpose of investing in the fund is to reach out to projects in developing countries, with debt financing through a wide range of important, complementary solar energy solutions outside the regular grid, so-called off-grid solutions.
Swedfund invests USD 5 million in the Somali fund NHAO (Nordic Horn of Africa Opportunities Fund). "Since the fund aims to support women-led companies and companies employing many young people, this is a very good opportunity to reach companies and businesses directly contributing to jobs and strengthening the Somali economy", says Maria Håkansson, CEO of Swedfund.
Swedfund will assist Ukraine in their ambition to establish and implement a 112-system. Today, Ukraine has different emergency numbers for police, rescue, and ambulance. We very much appreciate Swedfund's support for this project, says Ukraine's Deputy Interior Minister Igor Bondarenko.
On December 16, Swedfund invested USD 26 million in African Infrastructure Investment Fund 4 (AIIF4). This is the first investment Swedfund has made in broader infrastructure that includes more than just clean energy and climate infrastructure.
Swedfund invests an additional USD 4 million in loan financing in Kinyeti Venture Capital (Kinyeti), alongside the Norwegian Development finance institution Norfund. Kinyeti’s target is to assist in building the private sector in South Sudan by offering capital to entrepreneurs and to growing businesses which supports job creation.
On December 12th, a cooperation agreement was signed between Swedfund’s Project Accelerator and the Malaysian company Sarawak Energy for a technical study on battery solutions in the Sarawak region, Malaysia, to enable the transition to renewable energy.
