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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
