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For more information, please contact:
Axel Hallgren, Press and Communications Manager
axel.hallgren@swedfund.se+46 70 234 49 46Press
December 29, 2022
Swedfund invests 15 million Euro to reach MSMEs
To support the development of small enterprises (MSMEs) and individuals in sub-Saharan Africa, Swedfund is investing an additional EUR 15 million in the microfinance institution Platcorp, targeted at clients in Kenya, Uganda and Tanzania.
Press
December 23, 2022
Investment from Swedfund at EFP/ICCF for jobs and climate
On November 25, Swedfund increased its financial commitment to the European Financing Partners (EFP) and the Interact Climate Change Facility (ICCF). Together, EFP and ICCF now form a common financial platform. They created by the European development financiers to create jobs and fight climate change in developing countries.
Press
December 19, 2022
Swedfund invests USD 35 million in the climate fund Climate Investor Two
On November 25th, Swedfund invested USD 35 million in the Climate Investor Two fund. The main purpose of the investment is to finance projects and activities in developing countries for climate adaptation, i.e. adaptations of societies to the effects of climate change. The fund will also contribute to climate change mitigation.
News
December 8, 2022
Swedfund cooperation with Escom Malawi for transmission project upgrade
Swedfund Project Accelerator cooperates with Escom Malawi on an Environmental and Social Impact Assessment (ESIA), as part of developing the Eastern Backbone transmission grid upgrade project. By improving the grid, more people and industries can get reliable access to power and the conditions to integrate more renewable generation will be improved. This is important because load on the grid increases with energy mix and transition to renewables that mean more unstable flows.
Press
July 21, 2022
Swedish investment to support financial inclusion
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.
Press
July 14, 2022
Swedfund invests in private credit funds to support African mid-sized companies in enhancing job creation and catalyzing local economic growth
The Swedish development finance institution, Swedfund, invests a total of MUSD 45 in two private credit funds to support sustainable economic growth and gender equality.
Press
June 2, 2022
Large investment for renewable energy capacity buildout in Africa
Swedish Development Finance Institution Swedfund invests 20 MUSD in Serengeti Energy, a Sub-Saharan independent power producer which develops, constructs, owns and operates grid-connected renewable energy resources in a region that is currently heavily dependent on fossil fuels. Swedfund’s investment is expected to increase the production of renewable energy and promote sustainable economic development. The investment is made in a region of the world that lacks access to early-stage capital for power projects whilst simultaneously facing significant needs of additional sustainable energy capacity.
Press
April 6, 2022
Additional investment for African private sector growth – in DRC, Uganda and Angola
Swedish Development Finance Institution Swedfund announces an additional investment of 4.45 MUSD in African Rivers Fund 3 (ARF 3) increasing Swedfund’s total commitment to 14.45 MUSD. ARF 3 primarily provides loan & equity financing to small and medium-sized companies in DRC (Democratic Republic of Congo), Uganda and Angola.
Press
March 29, 2022
Swedfund supports Indian micro-entrepreneurs
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), an Indian Non-Banking Financial Company that provides secured business loans to micro-entrepreneurs and self-employed individuals in fast-growing rural and semi-urban areas primarily in Southern India.
Press
January 27, 2022
Swedfund invests in African tech entrepreneurs and promotes increased digitalisation
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, a venture capital fund dedicated to financing the development of scalable and innovative business models.
Press
December 21, 2021
Swedfund increases support for healthcare in India
The infrastructure for healthcare in India is deficient and came under great pressure at the height of the Covid-19 pandemic. Against that background, Swedish Development Finance Institution 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.
Press
December 15, 2021
Swedfund supports health entrepreneurs in Sub-Saharan Africa
Healthcare infrastructure in Sub-Saharan Africa is insufficient to meet the healthcare needs of its 1.1 billion population. Swedfund, the Swedish Development Finance Institution, now commits EUR 5M in debt funding to Medical Credit Fund II (“MCF II”), a fund that provides financing to small and medium-sized enterprises within the health sector(“SMEs”) in Sub-Saharan Africa. This investment is well aligned with Swedfund’s goal to support sustainable businesses that improve access and quality of health care for under-served patients.
