Swedfund invests for improved access to financial services in Africa
Swedfund invests EUR 26 million in AfricInvest’s Financial Inclusion Vehicle (FIVE), a platform designed to support financial institutions across Africa.
Categories: impact investment
In a time of increased need - Swedfund's model delivers sustainable results
Swedfund accelerated sustainable investments for climate action and poverty reduction to a total value of SEK 2.7 billion while also delivering a positive financial result. Ukraine was prioritised, resulting in 25 new projects within critical infrastructure. On Monday, Swedfund published its Integrated Annual and Sustainability Report for 2024 - Investing for Employment, Environment, Empowerment.
Swedfund, BII and Norfund invest $85 million in AgDevCo to support agribusinesses in Africa
Swedfund, alongside BII and Norfund, have announced a joint $85 million investment in AgDevCo, the specialist investor transforming agriculture across sub-Saharan Africa. The investment comprises up to $20 million from Swedfund, $50 million from BII and $15 million from Norfund, aimed at supporting high-impact agribusinesses to increase productivity and improve food security in rural areas.
Swedfund continues to support SME lending in Kenya
Swedfund has announced a second investment of USD 7.5 million in Kenya's Victoria Commercial Bank (VCB) PLC. The loan will further strengthen the bank's ability to finance small and medium-sized enterprises (SMEs), which play a vital role in Kenya's economy by creating jobs and driving growth.
Swedfund invests for climate resilient infrastructure and digital connectivity in Africa and emerging Asia
Swedfund, Sweden's development finance institution, is committing €40 million to the Emerging Africa & Asia Infrastructure Fund EAAIF. The investment will address infrastructure gaps in Africa, the Levant and South and Southeast Asia by supporting projects that elevate climate action and support inclusive and sustainable development.
Swedfund and IFU invest in renewable energy development in Southern Africa
Swedfund and the Danish Investment Fund for Developing Countries, IFU, have partnered with Sturdee Energy to accelerate the expansion of renewable energy in Southern Africa, with a primary focus on South Africa, a country heavily reliant on coal-fired electricity.
Closing MSME finance gap in Côte d’Ivoire and Senegal
Swedfund has invested EUR 20 million in Compagnie Financière Africaine (COFINA), a leading mesofinance institution that provides loans to micro, small and medium-sized businesses in West and Central Africa to enable them to develop and grow their business.
Catalysing sustainable growth through SMEs in Southeast Africa
Swedfund, Sweden’s development finance institution, has invested USD 10 million in Inside Equity Fund II, aiming to support small and medium-sized enterprises (SMEs) with impactful and innovative solutions in Zambia, Madagascar, Mauritius, Tanzania, Malawi and Mozambique.
Investment for enhanced access to finance for MSMEs in Nigeria
Swedfund invests USD 30 million in Access Bank Nigeria Plc to reach underserved MSMEs (micro, small and medium enterprises) at scale. By providing long-term capital and capacity building to unbanked and under-banked companies in Nigeria, the investment is expected to support sustainable private sector development and inclusive growth.
Swedfund invests in urban resilience fund for African cities
To help cities in Africa adapt to the effects of climate change and reduce greenhouse gas emissions, Swedfund has invested EUR 30 million in The Urban Resilience Fund (TURF).
Swedfund makes first renewable energy investment in Indonesia
Swedfund, Sweden's development finance institution, has announced an equity investment of USD 10 million in Xurya, an innovative Indonesian solar rooftop company. Xurya enables commercial and industrial companies across the country to adopt solar power with no upfront costs, displacing fossil fuel-based power generation.
Sustainable investments for job growth and climate action: Swedfund's Annual Report 2023
Swedfund, Sweden’s development finance institution, has published its integrated annual report for 2023: Voices for Development Finance. With a growing portfolio, increased job growth and a continued focus on climate, gender equality and digitalisation, the report showcases the impact of Swedfund’s results from 2023.
