Swedfund backs TLG fund with $15 million to strengthen SMEs
- Swedfund invests $15 million in TLG Africa Growth Impact Fund II to support SMEs in Africa.
- The SME finance gap in sub-Saharan Africa is estimated at $331 billion.
- TLG II combines long-term debt with equity participation and local bank guarantees.
The investment by Swedfund in TLG II represents a significant step towards addressing the financial challenges faced by SMEs in Africa. By providing tailored financial solutions and strategic guidance, this initiative not only supports economic growth but also contributes to poverty alleviation in the region. Further discussions could explore the long-term impacts of such investments on local economies and the effectiveness of the partnerships formed with advisory firms.
