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, 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 and the Danish Investment Fund for Developing Countries, IFU, have partnered with Sturdee Energy to accelerate the expansion of renewable energy in Southern Africa, with a primary focus on South Africa, a country heavily reliant on coal-fired electricity.
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, 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.