News
All news
For more information, please contact:
Axel Hallgren, Press and Communications Manager
axel.hallgren@swedfund.se+46 70 234 49 46Press
May 2, 2018
Swedfund invests in TLG Credit Opportunities Fund
Swedfund invests USD 10 million to enable small and medium-sized enterprises, SMEs, in Sub-Saharan Africa to access growth capital and thereby expand their operations. The investment is in TLG Credit Opportunities Fund (COF).
Press
April 26, 2018
Swedfund invests in Kenyan bank with SME focus
The Swedish Development Finance Institution, Swedfund, invests 5 million USD in the Kenyan bank Victoria Commercial Bank, VCB. The loan is directed at the bank’s small and medium-sized enterprises, SMEs, and is part of Swedfund’s mission to reduce poverty through sustainable business.
Press
April 13, 2018
Swedish investment in renewable electricity in Sub-Saharan Africa
Sweden’s development finance institution Swedfund is investing SEK 126 million in the Evolution II Fund, which is focused on clean energy supply and resource efficiency in Sub-Saharan Africa. The investment will be used to develop, build and run power stations producing renewable energy. Other investors include the African Development Bank and several European development finance institutions.
Press
February 14, 2018
Swedfund is strengthening its support for small and medium-sized businesses in East and West Africa
Sweden’s Development finance institution Swedfund has invested USD 10 million in each of the funds Advanced Finance & Investment Group (AFIG) Fund II and Catalyst Fund II. These funds, established in the expansive regions of West and East Africa, enable us to contribute to continued growth in small and medium-sized businesses, which are essential for increased job creation.
Press
February 9, 2018
Swedfund provides funding to Access Bank to support Nigerian agribusiness
The Development finance institution Swedfund is providing a loan of USD 10 million to Access Bank. Access Bank is one of the leading banks in Nigeria and the loan will be used for businesses operating throughout the entire agricultural value chain, which employs over half of the country’s workforce.
Press
February 6, 2018
Swedfund contributes to responsible microfinancing in Cambodia
The Development finance institution Swedfund is investing in Cambodia’s largest microfinance company, Prasac Microfinance Institution Ltd (Prasac), through a loan of USD 15 million. The loan will be used for on-lending to the country’s micro businesses and SMEs, which account for the majority of jobs in the country.
Press
January 16, 2018
Husk Power Systems receives $20 million investment from Shell, Swedfund, ENGIE Rassembleurs d’Energies to scale renewable mini-grid business in Africa and Asia
Husk Power Systems, a leading rural distributed utility company operating mini-grids in Asia and Africa, today announced a US $20 million equity investment* by Shell Technology Ventures LLC, Swedish Development Finance Institution Swedfund International and ENGIE Rassembleurs d’Energies, ENGIE group’s impact investment fund. Husk is now positioned to accelerate its growth to develop what the International Energy Agency estimates as a $190 billion mini-grid market leading up to 2030.
Press
December 14, 2017
Swedfund Strengthens its Commitment to Renewable Energy Asia Fund II
Swedfund, Sweden’s development finance institution, has made an incremental commitment of MUSD 5 to Renewable Energy Asia Fund II (REAF II) and further strengthened its contribution to the build-out of renewable energy in developing Asian countries.
Press
December 6, 2017
Maria Håkansson named new CEO of Swedfund
Swedfund’s Board has appointed Maria Håkansson as the new CEO. Maria Håkansson joins Swedfund from Ericsson, where she was Vice President Internet of Things (IoT). Maria Håkansson has held a number of senior roles at Ericsson, including Vice President Commercial Management & Sourcing for Northern Europe and Central Asia, CFO Market Unit Nordic & Baltics and Director Strategic Business Investments (M&A). She also brings experience of working in the US and the Philippines.
News
November 8, 2017
Swedwatch report highlights important issues
Swedwatch has presented a research report around the human rights impact from Swedfund’s investment in Addax Bioenergy during the investment period and in connection with the exit in 2015.
Press
September 5, 2017
Swedfund and FMO gives NMB Bank $15 million line of credit
The Development finance institutions Swedfund of Sweden and FMO of the Netherlands have agreed to provide NMB Bank with a line of credit for lending to exporting small and medium enterprises (SMEs) in Zimbabwe.
Press
July 11, 2017
Swedfund Finances Renewable Energy in Developing Asian Countries
Swedfund, Sweden’s development finance institution, is committing MUSD 10 to Renewable Energy Asia Fund II L.P. The fund invests in small and medium-sized renewable energy projects in South and Southeast Asia.
