Swedfund

5 April 2024 13:08

Sustainable investments for job growth and climate action: Swedfund's Annual Report 2023

Swedfund, Sweden’s development finance institution, has published its integrated annual report for 2023: Voices for Development Finance. With a growing portfolio, increased job growth and a continued focus on climate, gender equality and digitalisation, the report showcases the impact of Swedfund’s results from 2023.

Founded by a female entrepreneur, Kinshasa-based DPXL is known for urban signs & billboards. The company has received XSML funding for new equipment and is now looking to expand further. Photo: Sighted Design, DRC

11 March 2024 11:33

Investing for continued support to SMEs in Central and East Africa

Swedfund invests 15 MUSD in African Rivers Fund IV, an impact-oriented credit fund empowering sustainable growing companies in Central and East Africa to increase access to long term small and medium-sized enterprise (SME) financing and support for sustainable private sector growth.

12 February 2024 07:00

Swedfund invests in Teyliom Finance to promote financial inclusion in West Africa

Swedfund invests USD 5 million in a loan to Teyliom Finance, a subsidiary of Teyliom Group, a leading pan-African group active in five industries, across twelve countries. The investment is directed towards Bridge Bank Microfinance to strengthen financing for micro, small and medium sized enterprises (MSMEs) and is expected to enhance financial empowerment of women in Côte D'Ivoire.

30 January 2024 12:40

Investment to strengthen small and medium sized companies in Francophone Africa

On December 31, 2023, Swedfund, Sweden’s Development Finance Institution, invested 15 MEUR Joliba Capital Fund I. The investment will enable growth of small and medium sized companies which are key for private sector growth and job creation in the least developed regions of Francophone Africa.

25 January 2024 07:00

Swedfund to support smallholder farmers in Kenya

Swedfund has decided to support the agri-fintech company Apollo Agriculture in Kenya through a loan of USD 5 million.

22 January 2024 08:30

Investment to accelerate the energy transition in Southeast Asia

On December 22, 2023, Swedfund invested 12 MUSD in Southeast Asia Clean Energy Fund II (SEACEF II). This investment will contribute to providing scale-up capital to early-stage companies focused on advancing the low-carbon transition in some of Southeast Asia's most fossil fuel-intensive economies.

22 December 2023 09:21

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.

25 October 2023 09:00

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.

4 August 2023 08:30

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.

26 July 2023 07:30

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.

27 June 2023 13:11

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

9 June 2023 07:37

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.

23 May 2023 12:00

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.

16 May 2023 08:00

Marie Aglert new Head of Investment at Swedfund

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.

29 April 2023 06:19

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.

24 April 2023 11:00

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.

Erastus Ndaka from d.light delivers a solar-cell lamp to Redempta Nduva in Machakos, Kenya

14 April 2023 08:45

Additional investment of 1.9mn USD to increase access to reliable and clean energy

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.

6 April 2023 08:00

$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.

27 March 2023 13:00

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.

22 March 2023 11:00

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.

Topics: Environment, Energy