News
Swedfund Invests $10M to Support MSME Lending in East and Southern Africa
Swedfund, Sweden’s development finance institution, has signed a $10 million loan to Platcorp Holdings Limited to support lending to micro, small, and medium-sized enterprises (MSMEs) in Kenya, Uganda, Tanzania, and Zambia.
The investment aims to address persistent barriers to finance in these countries, where small businesses often lack access to formal credit. The loan is expected to help businesses grow and create decent jobs, with a particular focus on women-owned enterprises and climate-resilient agriculture.