Swedfund and Finnfund invest in Siddhartha Bank to strengthen Nepal’s financial inclusion and financing to renewable energy
Swedfund and Finnfund invest in Siddhartha Bank to strengthen Nepal’s financial inclusion and financing to renewable energy.
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.
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.
Swedfund invests in urban resilience fund for African cities
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 makes first renewable energy investment in Indonesia
Swedfund, Sweden's development finance institution, has announced an equity investment of USD 10 million in Xurya, an innovative Indonesian solar rooftop company. Xurya enables commercial and industrial companies across the country to adopt solar power with no upfront costs, displacing fossil fuel-based power generation.
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.
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 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.
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.
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.
Swedish investment to support financial inclusion
Micro, small and medium-sized companies (MSME’s) create 4 out of 5 jobs in emerging economies. Yet, in developing countries, around 200 million MSME’s lack access to finance, especially companies owned by women. Today Swedfund announces an investment up to 15 MUSD in Accion Digital Transformation Fund, focusing on the digital transformation of financial institutions in developing countries.
Swedfund supports Indian micro-entrepreneurs
The limited access to credit for micro-entrepreneurs has been further worsened by the pandemic. At the same time, they are the second biggest employers in India and contribute to about 30% of the country’s GDP. Against that background the Swedish development finance institution, Swedfund, invests 20 MUSD in a long-term, senior unsecured loan to Five-Star Business Finance Limited (Five-Star).
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