Swedfund invests $5m more into TLG II impact fund to support SMEs
Sweden development finance institution Swedfund is investing an additional $5-million in TLG Africa Growth Impact Fund II (TLG II) to further support the preservation and creation of decent jobs in small and medium-sized enterprises (SMEs) that otherwise struggle to access financing.
SMEs play an important role in job creation and local economic growth across Africa, but often struggle to access loans that meet their needs. Many are viable and have the potential to grow, but need financing on terms that are sustainable with their expected growth.
Through its additional investment in TLG II, Swedfund helps bridge this financing gap by supporting a scalable credit solution that enables local companies to strengthen their businesses, grow and create jobs, the institution says.
Swedfund invested $15-million in TLG II in 2025.
TLG II provides flexible, long-term debt to SMEs, backed by guarantees issued by banks. This allows TLG to offer loans with tenors and interest rates that give viable companies better conditions to strengthen their businesses and grow sustainably.
“Through our continued engagement with TLG II, Swedfund helps address an important financing gap for SMEs in Africa.
“Flexible and tailored credit solutions can support viable companies with temporary liquidity needs, helping to preserve jobs while enabling businesses to recover, grow and create new decent employment opportunities,” says Swedfund investment manager Jonas Tornblad.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
ALBIS FLANGES — founded in 1965 — is a petro-chemical approved manufacturer of flanges and fittings in most grades of steel, listed with Sasol,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
