Joliba Capital Fund I
Introduction
Joliba Capital Fund I invests in small and medium-sized companies in sectors such as financial services, consumer goods, insurance and education. Investments are mainly made in West and Central Africa in countries such as Côte d'Ivoire, Senegal and Ghana.
Joliba Capital Fund I invests in small and medium-sized companies in sectors such as financial services, consumer goods, insurance and education. Investments are mainly made in West and Central Africa in countries such as Côte d'Ivoire, Senegal and Ghana.
Swedfund's investment enables small and medium-sized enterprises to access capital, which contributes to a strengthened private sector and to socio-economic development. The investment also contributes to increased access to essential products and services.
Co-investors include IFC, FMO, PROPARCO and DFC.
Swedfund qualified the investment in Joliba Capital Fund I for the 2X Challenge in 2023.
Read more in our press release: Investment to strengthen small and medium sized companies in Francophone Africa
Facts
SDG in Focus
No Poverty
End poverty in all its forms everywhere.
Gender Equality
Achieve gender equality and empower all women and girls.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Reduced Inequalities
Reduce inequality within and among countries.
Sector
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
Increasing access to capital for small and medium-sized enterprises enables local economic growth and sustainable private sector development. The investment contributes to women's economic empowerment by promoting female leadership and increasing access to finance 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 to further develop their environmental and social management system, as well as a developed anti-corruption management system.
Additionality
Our investment is financially additional as it is made in a challenging context where access to capital is limited, the business climate is challenging and as it is expected to contribute to mobilising capital. The investment is value additional by setting a strong focus on active value creation during the investment phase, where environmental, sustainability and corporate governance issues are prioritised.