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.
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.
Swedfund invests 15 MUSD in African Rivers Fund IV, an impact-oriented credit fund empowering sustainable growing companies in Central and East Africa to increase access to long term small and medium-sized enterprise (SME) financing and support for sustainable private sector growth.
Swedfund invests USD 5 million in a loan to Teyliom Finance, a subsidiary of Teyliom Group, a leading pan-African group active in five industries, across twelve countries. The investment is directed towards Bridge Bank Microfinance to strengthen financing for micro, small and medium sized enterprises (MSMEs) and is expected to enhance financial empowerment of women in Côte D'Ivoire.
On December 31, 2023, Swedfund, Sweden’s Development Finance Institution, invested 15 MEUR Joliba Capital Fund I. The investment will enable growth of small and medium sized companies which are key for private sector growth and job creation in the least developed regions of Francophone Africa.
On December 22, 2023, Swedfund invested 12 MUSD in Southeast Asia Clean Energy Fund II (SEACEF II). This investment will contribute to providing scale-up capital to early-stage companies focused on advancing the low-carbon transition in some of Southeast Asia's most fossil fuel-intensive economies.
Investment in digitalisation in developing countries is central to reducing both financial and digital gaps. Hence, the Swedish development finance institution, Swedfund, invests in a fund focusing on developing young companies and supporting entrepreneurs working with digital business models spun out of local needs in Africa. The investment of USD 10 million is made in TIDE Africa Fund II.
@FMO @CDC Group #Swedfund and @IFC investing in Nepal-focused Dolma Impact Fund II. The timing is important as COVID cases rise in Nepal, following the trend in India. Dolma II’s target sectors will address capacity constraints in healthcare and enable digital solutions to scale rapidly.
Swedfund invests 10 MUSD through a senior unsecured loan to one of India’s leading providers of microfinance services - Satin Creditcare Network Ltd – with services aimed exclusively at women.
Swedfund, is pleased to announce its investment in Kasha Globa. Kasha’s platform enables access, education and confidential distribution of women’s contraceptives, menstrual and health products, primarily to underserved women. Kasha’s platform supports both offline and online e-commerce, using any type of mobile phone, with or without internet access.
Today Swedfund announces an investment of USD 10m in African Rivers Fund 3 (ARF 3), together with IFC, FMO, BIO and DGGF. African Rivers Fund 3 will primarily provide loan financing to small and medium-sized companies in DRC (Democratic Republic of Congo), Uganda and Angola.
Swedfund’s value creation process has been developed on 40 years of experience of investing in sustainable businesses in the world's most challenging countries and describes how we best fulfill our mission.
Today, private sector is driving the development of Africa's economy by creating four out of five jobs and bringing together 33 per cent of Africa's GDP. For 40 years, Swedfund’s mission has been to fight poverty by investing in sustainable businesses in the world's most challenging countries. Job creation has always been the core of our work.
On 15 May, the 15 members of the Association of European Development Finance Institutions (EDFI) gathered for their Annual Meeting and launched a new initiative to deepen cooperation on responsible financing requirements and impact measurement.
At the EDFI Annual General Meeting held on Wednesday, May 15 a new Chair and new members of the board were appointed. Swedfund CEO Maria Håkansson take place as one of six members of the board.
Swedfund is one of sixty investors who signed on to a new set of principles intended to bring greater transparency, credibility, and discipline to the impact investing market during the World Bank Spring Meetings.
Stockholm Sustainable Finance Centre (SSFC), whose mission is to support financial actors to shift capital to implement the global sustainability agenda, has announced its Advisory Board. Joining the Board are high-level executives from banks, pension funds, and experts on sustainable finance, among them Maria Håkansson, CEO at Swedfund.
Agenda 2030 is based on the premise that all aspects of sustainable development are interdependent and cannot be solved separately. This is what we want to describe using the equation: Everyone’s effort is required. Swedfund’s contribution is to build sustainable businesses where they are most needed.
We have focused our efforts in the sectors deemed best able to achieve development, which is in line with our mission. Where we have the greatest opportunity to generate benefits depends on a number of factors, such as experience in the sector and where we can best achieve results in equality, the environment and the creation of jobs.
Sustainable energy for all is an explicit goal in Agenda 2030. It is also a prioritised sector for Swedfund’s investments. Electrification drives development, and is essential for jobcreation and combating poverty.
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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