Swedfund invests in the Georgian financial sector
Swedfund International AB is participating with MUSD 10 in a long-term subordinated loan facility to TBC Bank in Georgia arranged by FMO, the Dutch development bank.
Swedfund International AB is participating with MUSD 10 in a long-term subordinated loan facility to TBC Bank in Georgia arranged by FMO, the Dutch development bank.
For ten years I&P Capital has successfully invested in small and medium-sized companies (SMEs). By partnering with I&P Swedfund will contribute to the development of SMEs in Western Africa and the Indian Ocean region.
Four Nordic development finance institutions – Finnfund, IFU, Norfund and Swedfund – have completed a USD 34 million equity investment in Norsad Finance Limited, a provider of long term financing for SMEs in Southern Africa. The investment increases Norsad’s capital base to over USD 100 million and will facilitate the company’s strategy of expanding its investment activities in the region.
UAP Holdings Limited (UAP), an insurance company with operations in Kenya, Uganda, and South Sudan, has received capital to finance expansion in the region, including Rwanda. Swedfund will contribute US$ 10 million to finance this growth.
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