Business

Swedfund estimates coronavirus losses of SEK 435 million

By the end of March the Stockholm-based development finance institution Swedfund wrote down the value of its portfolio by SEK 435 million due to the corona pandemic. Sweden’s DFI reports its financial...

Business June 16, 2020

Nordic ministers agree on new capital injection for Nordic Development Fund

Nordic development ministers have agreed to start negotiations for a joint capital injection in the Nordic...

Business May 24, 2020

NDF sharpens climate and Africa focus as bargain over capital injection begins

The board of Nordic Development Fund (NDF) has agreed on a new strategy that focuses on climate and Africa,...

Business May 04, 2020

European DFIs plan for billion-dollar bailout to save jobs in Africa

Development Finance Institutions (DFIs) in Europe aim to launch an emergency liquidity facility focusing...

Business April 24, 2020

Denmark opens coffers for IFU after years-long capital crunch

For a decade, the Danish government took capital out of its aid-financed investor IFU to fill gaps in...

Business March 31, 2020

Sweden drops Uganda forest carbon deal with Green Resources due to unresolved land disputes

After four years in limbo, the Swedish Energy Agency is terminating its agreement with the Norwegian...

Business March 10, 2020

Finn Church Aid investor makes first direct investment in Africa

After its first year of operation, an investment company owned by Finn Church Aid (FCA) has made its...

Business January 29, 2020

2020 is make or break for NDF. Board prepares for possible capital injection

The board of the Nordic Development Fund (NDF) has agreed on a timetable for a new strategy and possible...

Business November 29, 2019

New government plans to expand Finland’s loan scheme by another half billion euros

Finland’s former government launched a EUR 520 million development scheme for loans and investments in...

Business October 31, 2019

Swedish agency agonises over SEK 10m carbon payment to Norwegian forestry firm

Already more than a year behind schedule, the Swedish Energy Agency continues to agonise over whether...

Business September 19, 2019