News
All news
For more information, please contact:
Axel Hallgren, Press and Communications Manager
axel.hallgren@swedfund.se+46 70 234 49 46Press
February 16, 2023
Swedfund's Project Accelerator assists Ukraine in the procurement of 112-system
Swedfund will assist Ukraine in their ambition to establish and implement a 112-system. Today, Ukraine has different emergency numbers for police, rescue, and ambulance. Through the initiative, the country's citizens will have a better opportunity to get hold of the right actor more quickly when an incident has occurred. A 112 system can both save lives and save suffering.
Press
February 3, 2023
Investment in the African infrastructure fund AIIF4
On December 16, Swedfund invested USD 26 million in African Infrastructure Investment Fund 4 (AIIF4). It is an African infrastructure fund, managed by Africa Infrastructure Investment Managers (AIIM).
Press
January 12, 2023
Swedfund invests in entrepreneurs and businesses in South Sudan
Swedfund invests an additional USD 4 million in loan financing in Kinyeti Venture Capital (Kinyeti), alongside the Norwegian Development finance institution Norfund. Kinyeti is an investment company established in 2012 as a joint venture between Swedfund and Norfund. Kinyeti’s target is to assist in building the private sector in South Sudan by offering capital to entrepreneurs and to growing businesses which supports job creation.
Press
January 5, 2023
Swedfund's Project Accelerator contributes to study in Sarawak, Malaysia to improve the potential to integrate renewable power
On December 12th, a cooperation agreement was signed between Swedfund’s Project Accelerator and the Malaysian company Sarawak Energy for a technical study on battery solutions in the Sarawak region, Malaysia, to enable the transition to renewable energy.
Press
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.
