News
All news
For more information, please contact:
Axel Hallgren, Press and Communications Manager
axel.hallgren@swedfund.se+46 70 234 49 46Press
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.
Press
December 4, 2019
Swedfund strengthens the support of African companies through investment in African Development Partners III
Sweden's development financial institution Swedfund has invested 15 million dollars in the African Development Partners III fund. With this investment, Swedfund sees an opportunity to continue to contribute to the sustainable development and growth of more companies in Africa. With one of Africa's most experienced investment teams, the Fund Manager Development Partners International has since 2008 successfully invested in many African companies and created significant social development through, among other things, new jobs and tax revenue. The Fund exercises active ownership with a clear focus on ESG issues such as business ethics and anti-corruption.
Press
November 29, 2019
Swedfund to join IFC and other DFI:s in platform investment within healthcare in East and Southern Africa
Swedfund, have together with the Development financial institutions IFC, Proparco, Finnfund and the Danish Investment Fund for Developing countries - IFU, invested in Hospital Holdings Investment (HHI) holding company, launched at the Investment for Africa Forum in Cairo on November 23rd, 2019. HHI is an investment platform set up by IFHA-II Coöperatief U.A., a private equity fund focused on healthcare in Sub-Saharan Africa.
Press
August 16, 2019
Swedfund invests in healthcare through Quadria Capital Fund
Today, 7 out of every 10 new hospital beds in Asia, are built by the private sector. With an investment of USD 15 million in Quadria Capital Fund II, Sweden’s Development Finance Institution Swedfund will reach the healthcare sector in South and South East Asia, through investments in areas such as healthcare services, pharma and laboratory businesses in countries like India, Indonesia and the Philippines.
Press
July 31, 2019
Swedfund invests in Equity Bank Kenya
Swedfund provides a USD 15 million long-term subordinated loan to Equity Bank Kenya, a leading Kenyan commercial bank with a strong focus on small and medium-sized enterprises (SMEs). By supporting Equity Bank, Swedfund will contribute to private sector development, job creation, and responsible lending practices.
