Swedfund International

Swedfund International AB, established in 1979, is a Swedish government-owned investment firm specializing in high-risk, emerging markets. It provides risk capital, including equity, loans, and expertise, to seed, start-up, and mature companies in Africa, Asia, Latin America, Eastern Europe, and Sweden. Swedfund invests between SEK 5 million and SEK 100 million, seeking a minority stake not exceeding one-third of the total investment. It typically invests in companies that do not manufacture or sell weapons, tobacco, or alcohol, and avoids investing in Swedish businesses of Swedish companies. Swedfund takes a Board seat in its portfolio companies and seeks to exit investments within five to ten years. It does not invest alongside private individuals or co-operatives, provide donations, or engage in sponsorships.

Björn Areskog

Senior Investment Manager

Benoît Bourban

Investment Analyst

Agnes Carlström

Investment Manager

Dahlfors, Håkan

Director of Project Accelerator

Gayk Dzharayan

Investment Manager

Julia Ekberg

Investment Analyst

Anthony Foulgoc

Investment Analyst

Sofia Gedeon

Investment Director Sustainable Enterprises

Helen Hagos

Senior Investment Manager

Junehee Han

Investment Analyst

Jérémie Hoffsaes

Senior Investment Manager

Maria Håkansson

CEO

Sara Jolind

Investment Analyst

Jonas Kolijn

Senior Investment Manager

Jakob Larsson

Senior Investment Manager

Alejandro Navarro

Investment Manager

Jane Niedra

Investment Director, Financial Inclusion

Jane Niedra

Investment Director Financial Inclusion

Gunilla Nilsson

Investment Director Energy and Climate

Gunilla Nilsson

Investment Director Energy and Climate

Jonas Nilsson

Investment Manager

Audrey Obara

Senior Investment Manager and Head of Regional office, Nairobi

Arvid Raa

Investment Manager

Sofia Ragnhammar

Investment Manager

Johan Selander

CFO

Filip Stubbfält

Investment Analyst

Anton Ståhl

Investment Manager

Sebastian Süllmann

Investment Manager

Elin Thesleff

Investment Manager

Esther Wachira

Associate Senior Investment Manager

Tomas Wadström

Senior Investment Manager

Tomas Wadström

Senior Investment Manager

Björn Areskog

Senior Investment Manager

Past deals in West Africa

Groupe Cofina

Debt Financing in 2024
Groupe Cofina is an African financial institution focused on mesofinance, aiming to enhance financial services across the continent. Established in 2013, the company operates in six French-speaking African countries: Congo-Brazzaville, Ivory Coast, Gabon, Guinea Conakry, Mali, and Senegal. Cofina is committed to supporting the private sector by facilitating the formalization of the African business market and prioritizing financial inclusion. The institution provides essential transactional financial services, including savings and credit, specifically designed for small and medium-sized enterprises that may not meet the requirements of traditional commercial banks. Through its efforts, Groupe Cofina plays a significant role in promoting the growth of informal micro-enterprises and fostering economic development in the region.

Access Bank

Debt Financing in 2024
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

Husk Power Systems

Series D in 2023
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.

Snapper Hill Clinic

Private Equity Round in 2018
Snapper Hill Clinic is a prominent healthcare provider based in Liberia, operating the largest private outpatient facility in the capital city of Monrovia. Historically significant, it was the only private clinic to remain operational during Liberia's civil wars, demonstrating resilience in a challenging environment where health services are limited. The clinic offers a range of clinical services, including general physician diagnoses, referrals, minor surgical procedures, prescriptions, and access to an internal pharmacy and laboratory. By providing these essential services, Snapper Hill Clinic aims to deliver cost-effective and quality healthcare to the Monrovian population, addressing a critical need in the region.

Access Bank

Debt Financing in 2018
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

Husk Power Systems

Series C in 2018
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.

Ecobank

Debt Financing in 2015
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, provides a range of retail, corporate, and investment banking services across Africa and internationally. Its operations include Corporate & Investment Banking, Commercial Banking, and Consumer Banking, offering products such as current and savings accounts, loans, cards, and digital banking services. The bank serves a diverse clientele, including individuals, small and medium enterprises, multinationals, government agencies, and non-governmental organizations. With a network of 888 branches and over 2,460 ATMs, Ecobank facilitates various financial services, including treasury, cash management, remittance, and bancassurance. Subsidiaries such as Ecobank Nigeria Limited and Ecobank Zimbabwe Limited extend its services, focusing on commercial and retail banking tailored to local markets.

Azura-Edo IPP

Debt Financing in 2013
Azura-Edo IPP is a power generation company based in Nigeria, specifically focused on the development and operation of gas-fired independent power plants. It is best known for its 450MW open cycle gas turbine power station, which marks the first project undertaken by Azura Power Holdings. After more than six years of development, the company achieved financial closure for Phase 1 on December 28, 2015, with construction commencing shortly thereafter in January 2016. The construction is being conducted by a consortium including Julius Berger Nigeria and Siemens, both recognized leaders in construction and power generation, respectively. Azura-Edo IPP aims to contribute to the sustainable development of Nigeria's energy infrastructure while enhancing power generation capabilities in the region. The facility is expected to begin generating electricity by the end of 2018.
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