Swedfund’s $15m boost to African SMEs, aims to fuel job creation and recovery

Swedfund’s $15m boost to African SMEs, aims to fuel job creation and recovery

Swedfund has invested $15m in TLG Capital’s Africa Growth Impact Fund II to support struggling African SMEs, aiming to preserve jobs and fuel sustainable growth.

Swedfund backs TLG fund with $15 million to strengthen SMEs

Swedfund, Sweden’s development finance institution, has announced a $15 million investment in the TLG Africa Growth Impact Fund II (TLG II). This initiative aims to bolster small and medium-sized enterprises (SMEs) across Africa by providing tailored financial solutions to businesses that often face challenges accessing traditional financing. SMEs are vital to Africa’s economic landscape, employing approximately 80% of the workforce and contribu…

Swedfund Invests $15M in TLG II to Boost SME Growth

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 size 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 inhab…