Investment in digitalisation in developing countries is central to reducing both financial and digital gaps. Hence, the Swedish development finance institution, Swedfund, invests in a fund focusing on developing young companies and supporting entrepreneurs working with digital business models spun out of local needs in Africa. The investment of USD 10 million is made in TIDE Africa Fund II.
Swedfund today reaffirms its support to HealthQuad II, an innovation fund that supports companies with digital business models in the health sector, by making an additional USD 5M commitment. The purpose is to create long-term positive effects that reach India's large and growing population.
Healthcare infrastructure in Sub-Saharan Africa is insufficient to meet the healthcare needs of its 1.1 billion population. Swedfund now commits EUR 5M in debt funding to Medical Credit Fund II, a fund that provides financing to small and medium-sized enterprises within the health sector in Sub-Saharan Africa.
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.
Swedish development finance Institution, invests in one of India’s leading microfinance institutions. The investment emphasizes the support to financial inclusion in rural India when contributing to women’s economic empowerment.
The pandemic has caused a multidimensional crisis that requires a multidimensional response. In many cases, development is regressing, jobs are lost and poverty is increasing, with huge consequences for people in developing countries. Swedfund’s publication of its Integrated Report serves to highlight the challenges ahead, but also the opportunities that exist and our achievements so far.
Swedfund invests 15 MEURO in Africa Fund for Renewable Energy II. The fund has a strong focus on developing countries and the technology is about small and medium-sized power plants, as well as solar, wind and battery storage solutions. #DevFin
Development finance institution Swedfund commits 15 MUSD to SUSI Asia Energy Transition Fund, a fund that geographically reaches some of the least developed countries in Southeast Asia, investing energy transition projects. By supporting the first close of the Fund, Swedfund is expected to play an important role in the mobilization of additional capital.
@FMO @CDC Group #Swedfund and @IFC investing in Nepal-focused Dolma Impact Fund II. The timing is important as COVID cases rise in Nepal, following the trend in India. Dolma II’s target sectors will address capacity constraints in healthcare and enable digital solutions to scale rapidly.
Swedfund provides a USD 15 million long-term subordinated loan to Co-operative Bank of Kenya (“Co-op Bank”) to support the Bank’s lending to small and medium-sized enterprises (SMEs) and green finance projects. By supporting Co-op Bank, Swedfund will contribute to job creation and private sector development.
Swedfund invests 10 MUSD through a senior unsecured loan to one of India’s leading providers of microfinance services - Satin Creditcare Network Ltd – with services aimed exclusively at women.
The Swedish Development Finance Institution Swedfund is making an additional investment in African Development Partners (“ADP”) III to further support the development of the private sector in Africa. The fund will contribute to significant social development by creating new jobs and tax revenues through its investments across the African continent. The fund exercises active ownership with a clear
Swedfund, is pleased to announce its investment in Kasha Globa. Kasha’s platform enables access, education and confidential distribution of women’s contraceptives, menstrual and health products, primarily to underserved women. Kasha’s platform supports both offline and online e-commerce, using any type of mobile phone, with or without internet access.
Today Swedfund announces an investment of USD 10m in African Rivers Fund 3 (ARF 3), together with IFC, FMO, BIO and DGGF. African Rivers Fund 3 will primarily provide loan financing to small and medium-sized companies in DRC (Democratic Republic of Congo), Uganda and Angola.
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, 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.
Developing countries' infrastructure for healthcare is deficient and the pressure on healthcare facilities is greatly increasing as the Covid-19 virus spreads. The Swedish development finance institution Swedfund invests in the Indian fund HealthQuad II, targeting early-stage companies in the health sector that creates long-term positive effects for India's growing population.
Pressure on healthcare facilities is greatly increasing in developing countries as the Covid-19 virus spreads. Based on long experience of working with sustainable investments in developing countries Swedfund supports actors in the healthcare sector in Nigeria, Madagascar and India with a total of 2,2 million SEK. The support includes personal protective equipment, medicines, and transports.
In order to support small and medium-sized companies following the Covid-19 outbreak the Swedish Development Finance Institution, Swedfund, now increases the liquidity available to these companies by lending 5 million EUR to Platcorp, a financial institution providing credit to private individuals and small and medium-sized companies, in Kenya, Uganda and Tanzania.
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