Swedfund is investing USD 15 million in TLG Africa Growth Impact Fund II (TLG II). Through the investment, Swedfund aims to support the preservation and creation of decent jobs in small and medium size companies that otherwise struggle to find financing.
Swedfund accelerated sustainable investments for climate action and poverty reduction to a total value of SEK 2.7 billion while also delivering a positive financial result. Ukraine was prioritised, resulting in 25 new projects within critical infrastructure. On Monday, Swedfund published its Integrated Annual and Sustainability Report for 2024 - Investing for Employment, Environment, Empowerment.
Swedfund has committed EUR 15 million to the AfricInvest Small Cap Fund, a private equity initiative focused on supporting small and medium-sized enterprises (SMEs) across Africa. This indirect investment can enable more growth-oriented investments to unlock the full potential of SMEs in Africa.
Swedfund is one of sixty investors who signed on to a new set of principles intended to bring greater transparency, credibility, and discipline to the impact investing market during the World Bank Spring Meetings.