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.
Swedfund and Finnfund invest in Siddhartha Bank to strengthen Nepal’s financial inclusion and financing to renewable energy.
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.
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.
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.
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.
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 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.
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.
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.
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.
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).
Investment in digitalisation in developing countries is central to reducing both financial and digital gaps. Hence, the Swedish development finance institution, Swedfund, invests in a fund focusing on developing young companies and supporting entrepreneurs working with digital business models spun out of local needs in Africa. The investment of USD 10 million is made in TIDE Africa Fund II.
Swedfund today reaffirms its support to HealthQuad II, an innovation fund that supports companies with digital business models in the health sector, by making an additional USD 5M commitment. The purpose is to create long-term positive effects that reach India's large and growing population.
Healthcare infrastructure in Sub-Saharan Africa is insufficient to meet the healthcare needs of its 1.1 billion population. Swedfund now commits EUR 5M in debt funding to Medical Credit Fund II, a fund that provides financing to small and medium-sized enterprises within the health sector in Sub-Saharan Africa.
Following the successful signing of the Memorandum of Understanding between the GoU, represented by the MEMD, and Swedish Government, represented by the Swedish Embassy in Kampala, a number of initiatives have been proposed to support the Ugandan energy sector.
Swedish development finance Institution, invests in one of India’s leading microfinance institutions. The investment emphasizes the support to financial inclusion in rural India when contributing to women’s economic empowerment.
The pandemic has caused a multidimensional crisis that requires a multidimensional response. In many cases, development is regressing, jobs are lost and poverty is increasing, with huge consequences for people in developing countries. Swedfund’s publication of its Integrated Report serves to highlight the challenges ahead, but also the opportunities that exist and our achievements so far.
Swedfund invests 15 MEURO in Africa Fund for Renewable Energy II. The fund has a strong focus on developing countries and the technology is about small and medium-sized power plants, as well as solar, wind and battery storage solutions. #DevFin