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.
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 invests MEUR 8 in AfricInvest Fund III LLC, a pan-African fund focused on small and medium enterprises in Sub-Saharan Africa. Through this investment Swedfund will contribute to stimulating growth, job creation and sustainable development in more companies in the region.
On October 12, Swedfund increased its financial commitment to the Interact Climate Change Facility (ICCF) by providing an additional MEUR 5 for climate change projects in emerging markets.
H&M and Swedfund have initiated a unique cooperation with the aim of contributing to the development of a responsible textile industry in Ethiopia with high social and environmental standards.
Swedfund provides Fidelity Bank, an indigenous Ghanaian bank with a strong focus on small and medium sized enterprises (SMEs) a MUSD 14 long-term subordinated loan. By supporting the banking sector in Ghana, Swedfund will contribute to job creation, increased demand and private sector development.
For the first time, Swedfund presents an integrated report that equates sustainability reporting with the financial statements and clearly describes the positive development outcomes as a result of Swedfund investments.
Swedfund, in partnership with DEG and lead investor Quadria Capital, invests in the specialist healthcare provider Medica. The investment will facilitate Medica becoming the leading hospital chain in Eastern India. Medica’s mission is to provide high quality healthcare services at an affordable cost.
Swedfund and The Africa Health Fund through The Abraaj Group invests equity in a well established chain of private hospitals in Eastern Africa.
Development Partners International (DPI) launches its second fund, African Development Partners II (ADP II). Through an investment in ADP II, Swedfund sees an opportunity to contribute to the expansion of a number of growing companies in Central and Sub-Saharan Africa.
Swedfund International AB is participating with MUSD 10 in a long-term subordinated loan facility to TBC Bank in Georgia arranged by FMO, the Dutch development bank.
Anna Ryott has a unique background with experience from both business and civil society organisations. At present, Anna Ryott holds the post of Managing Director of SOS Children’s Villages, Sweden.
