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.
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