Swedfund was one of sixty investors, the first Swedish investor, who signed on to this set of principles intended to bring greater transparency, credibility, and discipline to the impact investing market in April 2019.
According to WHO, more than 300 000 women died in 2015 from pregnancy related causes. Two thirds of these deaths occurred in Sub Saharan Africa. Some of the gaps leading to poor outcomes are delays in seeking care, delays in action or inadequate care by providers. Gaps that Jacaranda Maternity addresses through its maternal care model.
Swedfund commits 15 million dollars to Metier Sustainable Capital II, a fund focused on renewable energy in sub-Saharan Africa. In addition to investments in renewable energy, the fund will also invest in projects for resource efficiency in areas such as water and waste management.
LOLC Group subsidiary and LOFC (LOLC Finance PLC) has signed an agreement with Swedfund, to receive a total of 10 million dollars in a Senior Loan. LOFC is a leading financial institution in Sri Lanka that enables financial inclusion, an increased tax base and job creation. For Swedfund these are important tools to reduce poverty and support democratic development.
Swedfund joins several other European development finance institutions in a subordinated 15 million dollar-loan to Georgia's second largest bank, Bank of Georgia. Through lending to small and medium-sized companies in a systemically important bank, Swedfund contributes to supporting growth in Georgia.
Sweden's development financial institution Swedfund has invested 15 million dollars in the African Development Partners III fund. With this investment, Swedfund sees an opportunity to continue to contribute to the sustainable development and growth of more companies in Africa. The Fund exercises active ownership with a clear focus on ESG issues such as business ethics and anti-corruption.
Swedfund, have together with the Development financial institutions IFC, Proparco, Finnfund and the Danish Investment Fund for Developing countries - IFU, invested in Hospital Holdings Investment (HHI) holding company, launched at the Investment for Africa Forum in Cairo on November 23rd, 2019.
For the first time The UN PRI has launched a Leaders’ Group to highlight leading practices in Responsible Investing. Together with 47 other institutional investors, Swedfund has been selected amongst more than 2,300 signatories.
Today, 7 out of every 10 new hospital beds in Asia, are built by the private sector. With an investment of USD 15 million in Quadria Capital Fund II, Swedfund will reach the healthcare sector in South and South East Asia, through investments in areas such as healthcare services, pharma and laboratory businesses in countries like India, Indonesia and the Philippines.
Swedfund’s mission is to invest in countries which, according to the OECD/DAC’s definition, are eligible for development finance. We prioritise investments in the least developed countries, while geographically we focus on sub-Saharan Africa and certain regions of Asia.
Swedfund provides a USD 15 million long-term subordinated loan to Equity Bank Kenya, a leading Kenyan commercial bank with strong focus on small and medium sized enterprises (SMEs). By supporting Equity Bank, Swedfund will contribute to private sector development, job creation, and responsible lending practices.
Over the past year Swedfund has assessed a number of investment opportunities in the resource efficiency space in order to broaden Swedfund’s scope within climate and further align Swedfund’s mission with the Paris Agreement. Swedfund, as one of several European development finance institutions, has now invested in South Asia Growth Fund II (SAGF II).
Swedfund is the Swedish government’s Development Finance Institution, contributing through sustainable investment to economic and environmental development as well as a positive impact to society in the world poorest countries.
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