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Categories: africa

  • Swedfund invests in preservation and creation of African SME jobs

    Swedfund invests in preservation and creation of African SME jobs

    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.

  • Photo: Agventure / Peter Irungu

    In a time of increased need - Swedfund's model delivers sustainable results

    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 invests in African SME Fund

    Swedfund invests in African SME Fund

    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, BII and Norfund invest $85 million in AgDevCo to support agribusinesses in Africa

    Swedfund, BII and Norfund invest $85 million in AgDevCo to support agribusinesses in Africa

    Swedfund, alongside BII and Norfund, have announced a joint $85 million investment in AgDevCo, the specialist investor transforming agriculture across sub-Saharan Africa. The investment comprises up to $20 million from Swedfund, $50 million from BII and $15 million from Norfund, aimed at supporting high-impact agribusinesses to increase productivity and improve food security in rural areas.

  • Swedfund continues to support SME lending in Kenya

    Swedfund continues to support SME lending in Kenya

    Swedfund has announced a second investment of USD 7.5 million in Kenya's Victoria Commercial Bank (VCB) PLC. The loan will further strengthen the bank's ability to finance small and medium-sized enterprises (SMEs), which play a vital role in Kenya's economy by creating jobs and driving growth.

  • Swedfund supports local food processing and smallholder farmers in Africa

    Swedfund supports local food processing and smallholder farmers in Africa

    Swedfund supports increased local processing capacity in African through a working capital loan of up to USD 15 million to Robust International (Robust). The loan will enable Robust to source local commodities to new processing facilities and thereby spur job creation, economic growth and trade.

  • Mohizi is a small-scale, women-led plantain chips producer in Côte d'Ivoire that has been able to formalise and grow its business with loans and support from COFINA. Photo: Axel Hallgren/Swedfund

    Closing MSME finance gap in Côte d’Ivoire and Senegal

    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.

  • Inside Equity Fund invested in Alpha Polyplast, a Zambian company that specialises in recycling plastic waste, to increase its capacity to recycle plastic waste throughout the country. Photo: Alpha Polyplast

    Catalysing sustainable growth through SMEs in Southeast Africa

    Swedfund, Sweden’s development finance institution, has invested USD 10 million in Inside Equity Fund II, aiming to support small and medium-sized enterprises (SMEs) with impactful and innovative solutions in Zambia, Madagascar, Mauritius, Tanzania, Malawi and Mozambique.

  • Photo: Sam Makoji / Getty Images

    Investment for enhanced access to finance for MSMEs in Nigeria

    Swedfund invests USD 30 million in Access Bank Nigeria Plc to reach underserved MSMEs (micro, small and medium enterprises) at scale. By providing long-term capital and capacity building to unbanked and under-banked companies in Nigeria, the investment is expected to support sustainable private sector development and inclusive growth.

  • 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

    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.

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

    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.

  • Swedish funding to Co-operative Bank of Kenya enables growth in the private sector

    Swedish funding to Co-operative Bank of Kenya enables growth in the private sector

    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 promotes inclusive finance in Uganda and Tanzania

    Swedfund promotes inclusive finance in Uganda and Tanzania

    ​Swedfund, the Swedish development financier, invests USD10 million in Bayport Management Ltd (“Bayport”). The investment will improve access to financial services for people with low income, giving them the opportunity to get loans for, inter alia, education and housing.

  • Signing at the Swedish Embassy in Addis Ababa with Fredrik Wijkander, Director of Investment Operations Swedfund and Mr M.A. Rahim, Vice President of DBL Group.

    Swedfund, H&M and DBL Group create 4,000 jobs in Ethiopia

    The development financier Swedfund and the industry group DBL establish a textile factory in Mekelle, Ethiopia, which will provide job opportunities for 4,000 people. H&M will be a long time buyer and support with expert knowledge in sustainable textile production.

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