We finance and develop companies that contribute to sustainable growth, job creation and improved access to socially important products and services in developing countries. Through sustainable investments, we create the right conditions for people to support themselves and lift themselves out of poverty.
Our operations contribute to sustainable development by fostering improved access to electricity and digitalisation, enabling more enterprises to meet international standards, promoting increased local value creation, and facilitating the diversification of economies, amongst others.
Swedfund was established in 1979 and is a state-owned company managed by the Swedish Ministry of Finance. Our operations are financed by reflows from the portfolio and through capital injections from the development cooperation budget, for which the Swedish Ministry for Foreign Affairs is responsible.
Since our inception, we have invested in companies, financial institutions and funds in countries across Africa, Asia, Latin America and Eastern Europe. At the end of 2023, Swedfund had 73 investments, with 62 percent of the portfolio invested in Africa, mainly in sub-Saharan Africa. The value of our portfolio amounted to more than SEK 10 billion at the end of 2023.
Similar development finance institutions exist in fourteen other European countries, all of which are members of European Development Finance Institutions (EDFI).
