Swedfund, Sweden's development finance institution, is committing €40 million to the Emerging Africa & Asia Infrastructure Fund EAAIF. The investment will address infrastructure gaps in Africa, the Levant and South and Southeast Asia by supporting projects that elevate climate action and support inclusive and sustainable development.
Swedfund has invested EUR 20 million in Compagnie Financière Africaine (COFINA), a leading mesofinance institution that provides loans to micro, small and medium-sized businesses in West and Central Africa to enable them to develop and grow their business.
To help cities in Africa adapt to the effects of climate change and reduce greenhouse gas emissions, Swedfund has invested EUR 30 million in The Urban Resilience Fund (TURF).
Swedfund commits 15 million dollars to Metier Sustainable Capital II, a fund focused on renewable energy in sub-Saharan Africa. In addition to investments in renewable energy, the fund will also invest in projects for resource efficiency in areas such as water and waste management.
This post by MD Anna Ryott is part of the UN Foundations blog series, “Her Goals: Our Future,” which highlights the connections between girls and women and the Sustainable Development Goals.