News
All news
For more information, please contact:
Axel Hallgren, Press and Communications Manager
axel.hallgren@swedfund.se+46 70 234 49 46Press
September 3, 2020
Swedish investments for private sector growth – in DRC, Uganda and Angola
Today Swedfund announces an investment of USD 10m in African Rivers Fund 3 (ARF 3), together with IFC (International Finance Corporation), the Dutch development bank FMO, BIO (Belgian Investment Company for Developing Countries) and DGGF (Dutch Good Growth Fund). African Rivers Fund 3 will primarily provide loan financing to small and medium-sized companies in DRC (Democratic Republic of Congo), Uganda and Angola.
Press
August 31, 2020
Swedfund makes large commitment to the off-grid solar energy sector
Swedfund, the Swedish Development Finance Institution, commits USD 12m to the Solar Energy Transformation Fund managed by SunFunder. The investment will contribute to increased access to electricity, as well as the increased generation of renewable energy for exposed demographics in the least developed countries in the world according to the OECD DAC list. The investment is in line with Swedfund’s Energy & Climate sector goals of investing in the off-grid sector for solar energy, particularly in Sub-Saharan Africa, where more than half of the total population lacks access to electricity.
Press
June 24, 2020
Swedfund’s investment creates new opportunities for Indian healthcare
Developing countries' infrastructure for healthcare is deficient and the pressure on healthcare facilities is greatly increasing as the Covid-19 virus spreads. The Swedish development finance institution Swedfund invests in the Indian fund HealthQuad II, targeting early-stage companies in the health sector that creates long-term positive effects for India's growing population.
Press
May 26, 2020
Swedfund supports healthcare actors in Nigeria, Madagascar and India with Covid-19 related emergency response
The pressure on healthcare facilities is greatly increasing in developing countries as the Covid-19 virus spreads. Based on long experience of working with sustainable investments in developing countries Swedfund supports different actors in the healthcare sector in Nigeria, Madagascar and India with a total of 2,2 million SEK. The support includes personal protective equipment, medicines, and transports.
Press
May 22, 2020
Swedfund supports SMEs in East Africa with 5 million EUR
In order to support small and medium-sized companies following the Covid-19 outbreak the Swedish Development Finance Institution, Swedfund, now increases the liquidity available to these companies by lending 5 million EUR to Platcorp, a financial institution providing credit to private individuals and small and medium-sized companies, in Kenya, Uganda and Tanzania.
Press
May 5, 2020
Swedfund supports with protective equipment in sub-Saharan Africa
In order to reduce the spread of Covid-19 in developing countries, emergency preparedness needs to be much better. Therefore, based on long experience of sustainable investments in Africa, Swedfund is turning to the companies that it has invested in to too see how it best can assist during the Corona pandemic. Several clinics and hospitals have already received support. Now support is also going to a cancer clinic in Ghana as well as a healthcare facility in Liberia. At the top of the priority is protective masks, education and the possibility to separate people who are infected with Covid-19 from other patients and healthcare workers.
Press
April 14, 2020
Swedish investments in clinics and hospitals in Sub-Sahara Africa receive 5 million SEK in emergency support due to Corona
The Swedish development finance institution Swedfund has long experience of working with sustainable investments in developing countries and was during the Ebola outbreak active in the countries most affected in Africa. Based on Swedfund’s long experience of investing in Africa, Swedfund has asked all its hospitals and clinics to specify how Swedfund can assist them in protecting personnel, clinics and hospitals from the Corona pandemic.
News
April 3, 2020
Swedfund is reporting on implementation of IFC’s Operating Principles for Impact Management
The nine Principles for Impact Management were developed by International Finance Corporation, IFC, and a group of asset owners, managers and allocators to describe essential features of managing investments into companies or organizations with the intent to contribute to measurable positive social or environmental impact alongside financial returns. The principles are underpinned by five stages – strategy, origination and structuring, portfolio management, exit, and independent verification.
Press
April 2, 2020
Swedfund invests in maternal care in East Africa
According to WHO, more than 300 000 women died in 2015 from pregnancy related causes. Two thirds of these deaths occurred in Sub Saharan Africa. Some of the gaps leading to poor outcomes are delays in seeking care, delays in action or inadequate care by providers. Gaps that Jacaranda Maternity addresses through its maternal care model.
Press
January 15, 2020
Swedfund commits 15 MUSD to renewable energy in Africa
Swedfund commits 15 million dollars to Metier Sustainable Capital II, a fund focused on renewable energy in sub-Saharan Africa. In addition to investments in renewable energy, the fund will also invest in projects for resource efficiency in areas such as water and waste management.
Press
December 20, 2019
Swedfund supports inclusive growth in Sri Lanka
LOLC Group subsidiary and LOFC (LOLC Finance PLC) has signed an agreement with Swedfund, the Swedish Government’s Development Finance Institution (DFI), to receive a total of 10 million dollars in a Senior Loan. LOFC is a leading financial institution in Sri Lanka that enables financial inclusion, an increased tax base and job creation. For Swedfund these are important tools to reduce poverty and support democratic development.
Press
December 18, 2019
Swedfund contributes with 15 million dollars in loan financing to the Bank of Georgia
Swedfund joins several other European development finance institutions in a subordinated 15 million dollar-loan to Georgia's second largest bank, Bank of Georgia. Through lending to small and medium-sized companies in a systemically important bank, Swedfund contributes to supporting growth in Georgia.
