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 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.
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.
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.
Swedfund, the Swedish Development Finance Institution, commits USD 12m to the Solar Energy Transformation Fund managed by SunFunder. The investment will contribute to increased access to electricity, as well as the increased generation of renewable energy for exposed demographics in the least developed countries in the world according to the OECD DAC list. The investment is in line with Swedfund’s
Swedfund’s portfolio helps to create almost 200,000 jobs. This is shown by Swedfund’s Integrated Report (IR) for 2019. In the IR, the earnings trend is accounted for by the investments Swedfund has made. They cover all three parts where we follow up on the development of our investments, the so-called fundamentals: impact on society, sustainability and financial viability.
Swedfund was one of sixty investors, the first Swedish investor, who signed on to this set of principles intended to bring greater transparency, credibility, and discipline to the impact investing market in April 2019.
Swedfund’s mission is to invest in countries which, according to the OECD/DAC’s definition, are eligible for development finance. We prioritise investments in the least developed countries, while geographically we focus on sub-Saharan Africa and certain regions of Asia.
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.
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.
