Swedfund

16 January 2018 07:11

Husk Power Systems receives $20 million investment from Shell, Swedfund, ENGIE Rassembleurs d’Energies to scale renewable mini-grid business in Africa and Asia

Husk Power Systems, a leading rural distributed utility company operating mini-grids in Asia and Africa, today announced a US $20 million equity investment* by Shell Technology Ventures LLC, Swedfund and ENGIE Rassembleurs d’Energies. Husk is now positioned to accelerate its growth to develop what the International Energy Agency estimates as a $190 billion mini-grid market leading up to 2030.

14 December 2017 07:42

Swedfund Strengthens its Commitment to Renewable Energy Asia Fund II

Swedfund, Sweden’s development finance institution, has made an incremental commitment of MUSD 5 to Renewable Energy Asia Fund II (REAF II) and further strengthened its contribution to the build-out of renewable energy in developing Asian countries.

6 December 2017 14:35

Maria Håkansson named new CEO of Swedfund

Swedfund’s Board has appointed Maria Håkansson as the new CEO. Maria Håkansson joins Swedfund from Ericsson, where she was Vice President Internet of Things (IoT). Maria Håkansson has held a number of senior roles at Ericsson.

11 July 2017 09:24

Swedfund Finances Renewable Energy in Developing Asian Countries

Swedfund, Sweden’s development finance institution, is committing MUSD 10 to Renewable Energy Asia Fund II L.P. The fund invests in small and medium-sized renewable energy projects in South and Southeast Asia.

24 March 2017 07:32

Swedfund continues to focus on renewable energy in Sub-Saharan Africa

Swedfund, Sweden’s development finance institution, invests 13 MUSD in the fund Frontier Energy II. The fund focuses on small and medium-sized renewable energy projects, primarily in East Africa.

14 December 2016 08:56

Swedfund promotes inclusive finance in Uganda and Tanzania

Swedfund, the Swedish development financier, invests USD10 million in Bayport Management Ltd (“Bayport”). The investment will improve access to financial services for people with low income, giving them the opportunity to get loans for, inter alia, education and housing.

Signing at the Swedish Embassy in Addis Ababa with Fredrik Wijkander, Director of Investment Operations Swedfund and Mr M.A. Rahim, Vice President of DBL Group.

26 May 2016 12:30

Swedfund, H&M and DBL Group create 4,000 jobs in Ethiopia

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.

31 March 2015 10:15

Swedfund and Scania invest in Indian biogas

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.

16 October 2014 06:45

Swedfund invests in small and medium enterprises in Sub-Saharan Africa

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.

14 October 2014 07:02

Swedfund increases commitment to fighting climate change

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.

2 September 2014 06:03

H&M and Swedfund initiate cooperation in Ethiopia’s textile industry

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.

28 August 2014 06:05

Swedfund invests in Ghanaian banking sector

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.

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