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For more information, please contact:
Axel Hallgren, Press and Communications Manager
axel.hallgren@swedfund.se+46 70 234 49 46Press
July 15, 2021
Swedish capital endorses women’s economic empowerment in rural India
Swedfund, the Swedish development finance Institution, invests up to 25 MUSD in the form of a Senior Unsecured Loan to one of India’s leading microfinance institutions - CreditAccess Grameen Ltd. Through this investment, Swedfund emphasizes the support to financial inclusion in rural India when contributing to women’s economic empowerment.
Press
June 16, 2021
Swedfund commits MEUR 15 to finance renewable energy in Africa
Swedish development finance institution Swedfund commits MEUR 15 to Africa Renewable Energy Fund II (“AREF II”) to finance the build-out of renewable energy projects in a sustainable way. AREF II will invest in Sub-Saharan Africa and has a strong focus on least developed countries and an investment strategy that includes Angola, Cameroon, Kenya, Madagascar, Malawi and Uganda. The technology focus will mainly be small- and medium-sized run-of-river hydropower projects complemented with solar, wind and battery storage solutions.
Press
May 26, 2021
Swedish investment supports energy transition in Southeast Asia
Development finance institution Swedfund commits 15 MUSD to SUSI Asia Energy Transition Fund, a fund that geographically reaches some of the least developed countries in Southeast Asia, investing in energy transition projects. By supporting the first close of the Fund, Swedfund is expected to play an important role in the mobilization of additional capital. The investment is in line with Swedfund’s Energy & Climate sector goals.
Press
May 11, 2021
FMO, CDC Group, Swedfund and IFC participate in first close of Nepal-focussed Dolma Impact Fund II
Kathmandu, Nepal, May 11, 2021—Dolma Fund Management announces the first close of Dolma Impact Fund II (Dolma II) – a private equity fund investing primarily in renewable energy, healthcare and technology in Nepal. Investors in this $40m first close are FMO, the Dutch entrepreneurial development bank; CDC Group, the UK’s development finance institution and impact investor; Swedfund, the Swedish development finance institution; and the International Finance Corporation (IFC). The final close is targeted at $75m.
Press
February 11, 2021
Swedish funding to Co-operative Bank of Kenya enables growth in the private sector
Swedfund provides a USD 15 million long-term subordinated loan to Co-operative Bank of Kenya (“Co-op Bank”) to support the Bank’s lending to small and medium-sized enterprises (SMEs) and green finance projects. By supporting Co-op Bank, Swedfund will contribute to job creation and private sector development. Almost half of all SMEs in Kenya are women-owned businesses which contribute to around 20% of Kenya’s GDP.
Press
January 19, 2021
Swedish capital infusion boosts financial inclusion for women in India
Swedfund invests 10 MUSD through a senior unsecured loan to one of India’s leading providers of microfinance services - Satin Creditcare Network Ltd – with services aimed exclusively at women. By providing funding to Satin, Swedfund can support continued availability of funding to self-employed women predominantly within agriculture in the low-income segment of the population. Satin is one of India’s largest microfinance institutions with a particularly strong presence in rural areas, and is active in 23 states and union territories across India.
Press
December 11, 2020
Additional commitment to strengthen the support to African companies
The Swedish Development Finance Institution Swedfund is making an additional investment in African Development Partners (“ADP”) III to further support the development of the private sector in Africa. The fund will contribute to significant social development by creating new jobs and tax revenues through its investments across the African continent. The fund exercises active ownership with a clear focus on ESG (Environmental, Social, Governance) and impact creation in areas such as women’s economic empowerment, growth of decent jobs, access to essential products and services and local economic development.
Press
October 26, 2020
Swedfund supports women’s health and self-care in East Africa
Swedfund, the Swedish Development finance institution, is pleased to announce its investment in Kasha Global, a Femtech [1]e-commerce platform with subsidiaries in Rwanda and Kenya. Kasha’s platform enables access, education and confidential distribution of women’s contraceptives, menstrual and health products, primarily to underserved women. Kasha’s innovative multichannel platform supports both offline and online e-commerce, providing customers with the ability to purchase products digitally using any type of mobile phone, with or without internet access.
Press
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.
