ADVERTISEMENT
TechEconomy
Friday, May 30, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Swedfund Invests $15M in African Impact Fund to Boost SME Growth, Job Creation

Swedfund Invests $15M in African Impact Fund to Boost SME Growth, Job Creation

Joan Aimuengheuwa by Joan Aimuengheuwa
May 6, 2025
in StartUPs
0
Swedfund Invests $15M in African Impact Fund to Boost SME Growth, Job Creation
Source: Swedfund

Source: Swedfund

RelatedPosts

YC-Backed Unbound Raises $4M to Help Enterprises Embrace, Control AI

YC-Backed Unbound Raises $4M to Help Enterprises Embrace, Control AI

May 29, 2025

Velocity Emerges from Stealth with $10M to Simplify Global Payments Using Stablecoins

May 28, 2025

Swedfund is investing $15 million in TLG Africa Growth Impact Fund II (TLG II). 

Through the investment, Swedfund aims to support the preservation and creation of decent jobs in small and medium-sized companies that otherwise struggle to find financing.

Small and medium-sized companies (SMEs) in Africa often struggle to access debt capital structured to fit their needs. This is particularly dire for the viable but temporarily distressed SMEs inhabiting commercial bank portfolios. 

Through the investment in TLG II, Swedfund bridges this gap by supporting a scalable credit solution that enables the growth of local companies, enhancing protection of at-risk jobs and sustainable creation of new ones.

“SMEs employ 80 percent of the African workforce, and nine out of ten new jobs on the continent are created by growing companies. To protect existing jobs and to create new ones is crucial for poverty reduction. 

“For African SMEs to survive and grow, it is important that there is a functioning market with the right, fit for purpose financial services addressing diverse local challenges. Through this investment we help achieving that, generating long-term impact,” says Jakob Larsson, senior investment manager, Swedfund.

TLG II has a for the African market innovative structure and combines flexible, long-term debt to SMEs with equity participation and guarantees issued by local banks.

This allows TLG to offer loans with tenors and interest rates that allow viable but struggling SMEs to unlock sustainable recovery and grow their businesses sustainably.

The investment is done alongside Norfund, the IFC and BPI France and sums up to a total of $75 million. Swedfund has an existing relationship with TLG through its investment in TLG Credit Opportunities Fund in 2018.

Loading

Advertisements
MTN ADS

0Shares
Tags: African SME growthDevelopment financeImpact investingJob creation AfricaSME financing AfricaSMEsSwedfund investmentTLG Africa FundTLG Africa Growth Impact Fund IITLG II
Previous Post

Infobip, MoneyGram Haas F1 Team Join Forces to Redefine F1 Fan Experiences

Next Post

SIFAX Group Clinches CSR Excellence Award

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

YC-Backed Unbound Raises $4M to Help Enterprises Embrace, Control AI
StartUPs

YC-Backed Unbound Raises $4M to Help Enterprises Embrace, Control AI

by Joan Aimuengheuwa
May 29, 2025
0

Led by Race Capital, the round backs a new category of infrastructure that makes AI safe, observable, and governable inside...

Read more
Velocity Emerges from Stealth with $10M to Simplify Global Payments Using Stablecoins

Velocity Emerges from Stealth with $10M to Simplify Global Payments Using Stablecoins

May 28, 2025
Swedfund Commits $10m to Boost African Climate Tech, Innovation

Swedfund Commits $10m to Boost African Climate Tech, Innovation

May 27, 2025
Kwik Parent Company Declared Bankrupt

Kwik Parent Company Declared Bankrupt

May 23, 2025
Vendease CFO Resigns After Leading Aggressive Restructuring

Vendease CFO Resigns After Leading Aggressive Restructuring

May 23, 2025
Glance Launches AI-Native Shopping App Backed by Google

Glance Launches AI-Native Shopping App Backed by Google

May 22, 2025
Next Post
SIFAX Group receives Media Consortium Award

SIFAX Group Clinches CSR Excellence Award

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.