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TIDE Africa Fund II targets small and medium-sized enterprises working on digital business models based on local needs in Africa. Investments are made in countries such as Nigeria, Kenya, Egypt and South Africa.

Swedfund's investment contributes to increased access to digital services and private sector growth in Africa.

Co-investors include BII, IFC, Proparco, BIO and DEG. 

Read more in our press release: Swedfund invests in African tech entrepreneurs and promotes increased digitalisation

: March 1, 2024: April 15, 2025

Facts



SDGs in focus

Icon for UN Global goal 1 No poverty

No Poverty

End poverty in all its forms everywhere.

Icon for UN Global goal 8 Decent Work and Economic Growth

Decent Work and Economic Growth

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

Icon for UN Global goal 10 Reduced inequalities

Reduced Inequalities

Reduce inequality within and among countries.

Sector

Braided balls hanging in trees

Sustainable Enterprises

The Sustainable Enterprises sector increases the availability of equity directly or indirectly, contributing to the sustainable development and growth of the private sector in developing countries.

Value creation

Our Impact

The investment contributes to increased digitalisation and inclusive economic growth by providing innovative companies with access to start-up and growth capital. The investment contributes to strengthening the digital ecosystem and to economic development and sustainable growth. The investment promotes women as leaders and provides financing opportunities for women. Furthermore, the investment is expected to contribute to jobs and other income-generating opportunities locally.

ESG

We are working closely with the fund manager, including developing their environmental and social management systems. We are also working closely with the fund manager to strengthen their anti-corruption management system.

Additionality

Our investment is financially additional as we invest in challenging contexts where access to capital is limited, poverty rates are high and the business climate is challenging. The investment is value additional through a strong focus on active value creation during the investment phase where sustainability, environmental and social issues and corporate governance are prioritised.

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