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 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.
Swedfund has decided to support the agri-fintech company Apollo Agriculture in Kenya through a loan of USD 5 million.
Swedfund invests USD 32 million in Apis Growth Markets Fund III, a fund serving low- and middle-income consumers across Africa, South and Southeast Asia.
The limited access to credit for micro-entrepreneurs has been further worsened by the pandemic. At the same time, they are the second biggest employers in India and contribute to about 30% of the country’s GDP. Against that background the Swedish development finance institution, Swedfund, invests 20 MUSD in a long-term, senior unsecured loan to Five-Star Business Finance Limited (Five-Star).
Healthcare infrastructure in Sub-Saharan Africa is insufficient to meet the healthcare needs of its 1.1 billion population. Swedfund now commits EUR 5M in debt funding to Medical Credit Fund II, a fund that provides financing to small and medium-sized enterprises within the health sector in Sub-Saharan Africa.
Swedish development finance Institution, invests in one of India’s leading microfinance institutions. The investment emphasizes the support to financial inclusion in rural India when contributing to women’s economic empowerment.
The pandemic has caused a multidimensional crisis that requires a multidimensional response. In many cases, development is regressing, jobs are lost and poverty is increasing, with huge consequences for people in developing countries. Swedfund’s publication of its Integrated Report serves to highlight the challenges ahead, but also the opportunities that exist and our achievements so far.
Swedfund provides a USD 15 million long-term subordinated loan to Co-operative Bank of Kenya (“Co-op Bank”) to support the Bank’s lending to small and medium-sized enterprises (SMEs) and green finance projects. By supporting Co-op Bank, Swedfund will contribute to job creation and private sector development.
The Swedish Development Finance Institution Swedfund is making an additional investment in African Development Partners (“ADP”) III to further support the development of the private sector in Africa. The fund will contribute to significant social development by creating new jobs and tax revenues through its investments across the African continent. The fund exercises active ownership with a clear
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.
![A child in Kenya is reading in the light from off-grid solar energy. SunFunder borrower [M-KOPA], Kenya.](https://mnd-assets.mynewsdesk.com/image/upload/ar_16:9,c_fill,dpr_auto,f_auto,g_auto,q_auto:good,w_746/garcgbwjxua1ymczyskt)
Swedfund, the Swedish Development Finance Institution, commits USD 12m to the Solar Energy Transformation Fund managed by SunFunder. The investment will contribute to increased access to electricity, as well as the increased generation of renewable energy for exposed demographics in the least developed countries in the world according to the OECD DAC list. The investment is in line with Swedfund’s
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’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.
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.
Solar Energy to 360 million people - but lack of responsible management of e-waste can become the dark side of the off grid market in developing countries.
Swedfund’s Board has appointed Maria Håkansson as the new CEO. Maria Håkansson joins Swedfund from Ericsson, where she was Vice President Internet of Things (IoT). Maria Håkansson has held a number of senior roles at Ericsson.
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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