News
All news
For more information, please contact:
Axel Hallgren, Press and Communications Manager
axel.hallgren@swedfund.se+46 70 234 49 46Press
March 11, 2024
Investing for continued support to SMEs in Central and East Africa
Swedfund invests 15 MUSD in African Rivers Fund IV, an impact-oriented credit fund empowering sustainable growing companies in Central and East Africa, including the Democratic Republic of Congo, Angola, and Zambia, to increase access to long-term small and medium-sized enterprise (SME) financing and support for sustainable private sector growth.
Press
February 12, 2024
Swedfund invests in Teyliom Finance to promote financial inclusion in West Africa
Swedfund invests USD 5 million in a loan to Teyliom Finance, a subsidiary of Teyliom Group, a leading pan-African group active in five industries, across twelve countries. The investment is directed towards Bridge Bank Microfinance to strengthen financing for micro, small and medium sized enterprises (MSMEs) and is expected to enhance financial empowerment of women in Côte D'Ivoire.
Press
January 30, 2024
Investment to strengthen small and medium sized companies in Francophone Africa
On December 31, 2023, Swedfund, Sweden’s Development Finance Institution, invested 15 MEUR Joliba Capital Fund I. The investment will enable growth of small and medium sized companies which are key for private sector growth and job creation in the least developed regions of Francophone Africa.
Press
January 25, 2024
Swedfund to support smallholder farmers in Kenya
Swedfund has decided to support the agri-fintech company Apollo Agriculture in Kenya through a loan of USD 5 million.
Press
January 22, 2024
Investment to accelerate the energy transition in Southeast Asia
On December 22, 2023, Swedfund invested 12 MUSD in Southeast Asia Clean Energy Fund II (SEACEF II). This investment will contribute to providing scale-up capital to early-stage companies focused on advancing the low-carbon transition in some of Southeast Asia's most fossil fuel-intensive economies.
Press
December 22, 2023
Swedfund invests to drive digitalisation and innovation in Africa and South and Southeast Asia
Swedfund invests USD 32 million in Apis Growth Markets Fund III, a fund serving low- and middle-income consumers across Africa, South and Southeast Asia.
Press
October 25, 2023
Swedfund invests additional USD 5 million in Husk Power Systems to support energy access in Nigeria and India
On October 20th, Swedfund, Sweden’s Development Finance Institution, invested an additional USD 5 million in Husk Power Systems (Husk), a rural electrification company. The funding will contribute to the continued construction of mini grids in Nigeria and India, enabling increased access to clean, affordable, and reliable energy in rural and semi-urban areas.
Press
August 4, 2023
Swedfund invests USD 25 million in Indian growth fund for climate investments
Swedfund has invested USD 25 million in the Indian fund South Asia Growth Fund III (SAGF III), managed by GEF Capital. The fund has a broad mandate to invest in various sectors, where the focus is on climate benefits and resource efficiency in everything from the agricultural sector to industrial solutions, primarily in India, and to some extent in Southeast Asia.
Press
July 26, 2023
Swedfund strengthens support for African companies
Swedfund invests EUR 20 million in Amethis Fund III, which is an African fund to further support the development of the private sector in Africa. The fund will help create new jobs and tax revenues through its investments across the African continent.
Press
June 27, 2023
Agreement on the reconstruction of Ukraine
Swedfund, together with the EBRD (European Bank for Reconstruction and Development) and anumber of other development financiers, has the 21st of June signed an MoU (Memorandum of Understanding) on investments in the private sector as part of the reconstruction of the country.
Press
June 9, 2023
Swedfund invests USD 5 million in African health fund
On May 24, Swedfund invested USD 5 million into Transform Health Fund (THF) managed by AfricInvest. It is a blended-finance fund that will invest in African health care. The aim is to scale up proven and innovative models and initiatives that improve access to affordable care, thereby increasing the quality and accessibility of health care across Africa.
Press
May 23, 2023
Swedfund invests USD 10 million in fund targeting climate and digitalization investments
On the 12th of May Swedfund invested USD 10 million in "E3 Low Carbon Economy Fund I" managed by Nairobi-based E3 Capital, acting as the investment advisor to the fund. The fund targets investments in renewable energy, climate and digitalization in developing countries in sub-Saharan Africa, including Kenya, South Africa, Ghana and Nigeria.
