Swedfund invests US$10m in African Rivers Fund 3 alongside other investors for SMEs

SWEDEN – Swedfund, a Swedish Development Finance Institution, has announced that it has invested US$10 million in African Rivers Fund 3 (ARF 3), together with IFC (International Finance Corporation), the Dutch development bank FMO, BIO (Belgian Investment Company for Developing Countries) and DGGF (Dutch Good Growth Fund). African Rivers Fund 3 will primarily provide loan financing to small and medium-sized companies in DRC (Democratic Republic of Congo), Uganda and Angola. Swedfund will provide up to US$10 million to XSML’s 3rd fund – ARF 3. XSML is a fund manager investing…

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