Swedfund invests to drive digitalisation and innovation in Africa and South and Southeast Asia
Swedfund invests USD 32 million in Apis Growth Markets Fund III, a fund serving low- and middle-income consumers across Africa, South and Southeast Asia.
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Swedfund invests additional USD 5 million in Husk Power Systems to support energy access in Nigeria and India
On October 20th, Swedfund, Sweden’s Development Finance Institution, invested an additional USD 5 million in Husk Power Systems (Husk), a rural electrification company. The funding will contribute to the continued construction of mini grids in Nigeria and India, enabling increased access to clean, affordable, and reliable energy in rural and semi-urban areas.
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Swedfund invests USD 25 million in Indian growth fund for climate investments
Swedfund has invested USD 25 million in the Indian fund South Asia Growth Fund III (SAGF III), managed by GEF Capital. The fund has a broad mandate to invest in various sectors, where the focus is on climate benefits and resource efficiency in everything from the agricultural sector to industrial solutions, primarily in India, and to some extent in Southeast Asia.
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Swedfund strengthens support for African companies
Swedfund invests EUR 20 million in Amethis Fund III, which is an African fund to further support the development of the private sector in Africa. The fund will help create new jobs and tax revenues through its investments across the African continent.
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Agreement on the reconstruction of Ukraine
Swedfund, together with the EBRD (European Bank for Reconstruction and Development) and anumber of other development financiers, has the 21st of June signed an MoU (Memorandum of Understanding) on investments in the private sector as part of the reconstruction of the country.
Several European development finance institutions are now stepping up their efforts to prepare for the reconstruction o -
Swedfund invests USD 5 million in African health fund
On May 24, Swedfund invested USD 5 million into Transform Health Fund (THF) managed by AfricInvest. It is a blended-finance fund that will invest in African health care. The aim is to scale up proven and innovative models and initiatives that improve access to affordable care, thereby increasing the quality and accessibility of health care across Africa.
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Swedfund invests USD 10 million in fund targeting climate and digitalization investments
Swedfund has invested USD 10 million in "E3 Low Carbon Economy Fund I", a fund that targets at investments in renewable energy, climate and digitalization in developing countries in sub-Saharan Africa, including Kenya, South Africa, Ghana and Nigeria.
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Swedfund invests USD 15 million into Horizon Capital Growth Fund IV to back leading high-growth tech and export-oriented companies in Ukraine and Moldova
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.
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Swedfund finances alternative fuels study in Lagos, to reduce emissions
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.
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$25 million investment in Vietnam to create jobs
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.
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Swedfund invests USD 10 million in the ASEAN Frontier Markets Fund (AFMF) to promote job creation in Cambodia and Laos
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.
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Swedfund invests in solar energy
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.
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