Learn How To Make Money From Home Using Your Smartphone In 2025
By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AfricaNews360AfricaNews360
  • Politics
    PoliticsShow More
    The future is African – Ghana President declares at UN Assembly
    September 26, 2025
    Burkina Faso to ‘street honour’ late Ghanaian President Jerry John Rawlings
    May 19, 2025
    Burkina Faso honours late president Thomas Sankara with memorial park
    May 19, 2025
    Nigeria Presidency refutes Catholic leaders’ criticism of economic hardship
    March 11, 2025
    Ghana’s President Mahama strengthens ties with Mali during Bamako visit
    March 10, 2025
  • Business
    BusinessShow More
    Ghana’s President Mahama seeks investment partnerships during Singapore visit
    August 25, 2025
    Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store
    May 15, 2025
    Burkina Faso strengthens Russian ties with new mining licence
    April 27, 2025
    Ghana Bauxite Company targets 6 million tonnes production by end of 2025
    April 7, 2025
    Ghana to launch ‘River Guards’ program to combat environmental Impact of illegal mining
    March 17, 2025
  • Showbiz
    ShowbizShow More
    Davido releases ’10 Kilo’ Music Video
    August 13, 2025
    Nigerian Star Davido’s Foundation supports 500 orphanages in annual Charity drive
    February 13, 2025
    Nigerian president Tinubu celebrates Nollywood icon Nkem Owoh ‘Osuofia’ at 70
    February 8, 2025
    Burkina Faso’s Bissa music sensation Eunice Goula drops new Banger ‘Mariage’
    September 25, 2024
    Kenya’s president hosts national music festival
    August 16, 2024
  • Sports
    SportsShow More
    Ghana name squad for final World Cup qualifiers against Central African Republic and Comoros
    October 2, 2025
    Fifa sanctions SAFA with 3-0 defeat to Lesotho and £7,000 fine following Teboho Mokoena breach
    September 30, 2025
    Botswana declares public holiday after winning gold medal
    September 22, 2025
    Ghana smashes national record to reach 4x100m final at World Championships
    September 20, 2025
    Nigeria held to frustrating draw by South Africa in World Cup qualifier
    September 9, 2025
  • Biographies
    BiographiesShow More
    Michael Gallup Bio, Age, Net Worth, Height, Parents, Siblings, Wife, Children
    July 25, 2024
  • Columns
    ColumnsShow More
    Ghana Government does not subsidize Hajj Pilgrims: Debunking the myth with facts
    March 7, 2025
    Full Speech: South African president’s address at first G20 Foreign Ministers’ meeting 2025
    February 22, 2025
    Ing. Abdullah Mohammed Billey: The Ghanaian road expert victimised for political reasons by the ousted Government
    February 3, 2025
    Ghana President Mahama’s speech at Africa Prosperity Dialogues 2025
    February 2, 2025
    An American opinion on the impending NDC Government structure
    December 17, 2024
  • Travel
    TravelShow More
    Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store
    May 15, 2025
    Thousands of Ethiopian diaspora heed PM’s call to ‘come home’
    May 2, 2024
    Malawi and Ghana sign visa waiver agreement to enhance bilateral ties
    March 21, 2024
    Ghana signs visa waiver agreement with Bahamas
    February 22, 2024
    Malawi scrapes visa restrictions for 79 countries
    February 9, 2024
  • Editorial
    EditorialShow More
    FEATURE: Kigali City- A glittering jewel of Africa
    September 2, 2023
    All eyes on INEC as Nigeria decides
    February 26, 2023
    Feed Africa Summit: Continent Plans to Achieve Zero Hunger by 2030
    January 25, 2023
    Africa must speak with one voice at COP27
    November 8, 2022
    Nigerian headteacher sentenced to death after pupil’s murder
    July 28, 2022
  • World
    WorldShow More
    Robert Prevost
    American prelate Robert Prevost elected New Pope
    May 9, 2025
    Rwanda cuts diplomatic ties with Belgium amid Congo conflict tensions
    March 17, 2025
    ICC issues arrest warrants for Israel’s Benjamin Netanyahu, Ibrahim Al-Masri
    November 21, 2024
    Voting underway in US as Donald Trump faces Kamala Harris for presidency
    November 5, 2024
    Biden directs US forces to aid Israel’s defence against Iran
    October 2, 2024
Reading: Visit to African Development Bank by Swedfund delegation signals push for closer partnership
Share
Notification Show More
Latest News
Newly qualified radiographer kidnapped in Nigeria
October 2, 2025
Nigeria’s anti-trafficking agency rescues 24 in major airport operation
October 2, 2025
Ghana name squad for final World Cup qualifiers against Central African Republic and Comoros
October 2, 2025
Fifa sanctions SAFA with 3-0 defeat to Lesotho and £7,000 fine following Teboho Mokoena breach
September 30, 2025
The future is African – Ghana President declares at UN Assembly
September 26, 2025
Aa
AfricaNews360AfricaNews360
Aa
  • Technology
  • Science
  • Education
  • Health
Search
  • Topics
    • Business
    • Columns
    • Gossip
    • News
    • Politics
    • Showbiz
    • Fashion
    • Climate
    • World
    • Videos
Have an existing account? Sign In
Follow US
AfricaNews360 > Business > Visit to African Development Bank by Swedfund delegation signals push for closer partnership
Business

Visit to African Development Bank by Swedfund delegation signals push for closer partnership

Hakaanson visited the Bank’s headquarters in Abidjan on 14 September as the head of a delegation

Posted Malik muhammed September 19, 2023 5 Min Read
Updated 2023/09/19 at 11:43 AM
Swedfund CEO Maria Hakaanson (centre left) and AfDB Senior Vice President Swazi Tshabalala (centre right) discussed partnership and co-financing opportunities during a meeting at the Bank’s Abidjan headquarters
SHARE

During a visit to the African Development Bank, Swedfund CEO Maria Hakaanson has expressed keen interest in strengthening the cooperation and exploring opportunities for the Swedish state development finance institution’s strategic portfolio.

Hakaanson visited the Bank’s headquarters in Abidjan on 14 September as the head of a delegation that comprised Kitanha Toure, Regional Director for West Africa, Fredrik Linton, Chief Business Development & Special Operations Office and Ann-Caroline Andersson, Chief Administrative and HR officer.

The Swedfund delegation met with African Development Bank Senior Vice President Swazi Tshabalala; African Development Bank Director for Portfolio Delivery and Impact Yvette Glele, newly appointed Director in the Office of the Senior Vice President and Management Operations Department Catherine Baumont-Keita, Division Manager for Resource Mobilization Herve Pekam, Division Manager for Legal Services Neneh Mbye and others. Ousmane Fall, the Bank’s Director for Non-Sovereign Operations and Private Sector Support joined the meeting via video feed.

The African Development Bank’s Executive Director for the Nordic countries, Ireland, and India, Mette Knudsen, and two advisors also attended.

Learn How To Make Money Online Using Your Smartphone In 2025

Welcoming the delegation, Tshabalala said Sweden was an important partner that had come through for the Bank’s regional member countries in “crunch times”.

RECOMMENDED FOR YOU  Egypt's GDP expected to grow at 4.8% in 2023-24 financial year

Hakaanson said she hoped the visit would strengthen Swedfund’s partnership with the African Development Bank. Swedfund has recently opened an office in Abidjan as it seeks to expand its presence in the West Africa region. Typically, its investments have been in Ghana and Nigeria, Hakaanson said. The agency maintains offices in Stockholm and Nairobi as well.

She explained the fund’s priorities, which concentrate 65% of its debt and equity investments in Sub-Saharan Africa, spanning sectors such as energy, including emission reduction and renewable energy, as well as financial inclusion and food systems. Through its project accelerator, Swedfund also fosters sustainable enterprises.

RECOMMENDED FOR YOU  Nigeria's credit woes continue as Moody's issues second downgrade in 3 months

Citing the Bus Rapid Transit(link is external) initiative in Abidjan as an example, Hakaanson said Swedfund funded feasibility studies, typically for public sector projects. Swedfund contributed to the municipal government’s efforts to create a master plan(link is external) for the bus system.

Tshabalala noted potential synergies in the energy sector. The Bank is working to assure universal electricity access for Africans, she said, and would welcome the provision of technical assistance to national electricity utilities to increase their capacity.

The Senior Vice President mentioned Bank initiatives, including Affirmative Finance Action for Women, or AFAWA, that are expanding access to capital for women owned businesses as a sphere where the Bank is seeking more “granularity” in terms of its impact. Tshabalala said AFAWA had approved over $1 billion in investments.

Exploring avenues for bilateral and multilateral coordination between the African Development Bank and Swedfund, Linton said one option was the Africa Resilience Investment Accelerator(link is external) or ARIA, to which the African Development Bank and Swedfund both belong as partners, with IFC of the World Bank Group, Japan International Cooperation Agency(link is external), the EBRD, EIB, FMO(link is external) and other development finance institutions. Through ARIA, Swedfund invests in businesses in fragile and transitional states, Linton said.

RECOMMENDED FOR YOU  South Africa: German Firm Rheinmetall Plans to Build Solar Panel Factory as Power Crisis Deepen

Mbye said the African Development Bank hosts several trust funds that support project preparation facilities, and which would welcome investment from Swedfund.

FIRM’s Pekam said that Sweden had previously contributed to the Bank’s Youth Entrepreneurship Trust Fund. He added that the Bank is working with African countries to set up Youth Entrepreneurship Investment Banks (YEIBs), national anchor institutions that will coordinate the sustainable delivery of financial and non-financial services to youth entrepreneurs.

In Togo, the Bank is supporting the establishment of a YEIB, which has attracted support from Germany’s KfW. Pekam said Swedfund might also wish to invest in the Togo YEIB.

RSS EDITORS’ SUGGESTIONS

  • Antoine Semenyo’s red-hot Premier League start shows why big clubs should take notice
  • Black Stars Goalkeeper Benjamin Asare shines with four consecutive clean sheets for Hearts of Oak
  • Ghana’s Antoine Semenyo celebrates Bournemouth’s rise to second after stunning win over Fulham
  • Antoine Semenyo Named Man-of-the-Match after inspiring Bournemouth’s comeback win over Fulham
  • Ghana forward Antoine Semenyo scores brace as Bournemouth thrash Fulham
TAGGED: Abidjan, AfDB, Maria Hakaanson, Swazi Tshabalala, Swedfund
SOURCES: afdb.org
Malik muhammed September 19, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Kenya Air Force helicopter crashes during night patrol
Next Article France will only accept political asylum seekers as immigrants
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Latest on AfricaNews360

  • Newly qualified radiographer kidnapped in Nigeria
  • Nigeria’s anti-trafficking agency rescues 24 in major airport operation
  • Ghana name squad for final World Cup qualifiers against Central African Republic and Comoros
  • Fifa sanctions SAFA with 3-0 defeat to Lesotho and £7,000 fine following Teboho Mokoena breach
  • The future is African – Ghana President declares at UN Assembly

More recommendations for you

  • Antoine Semenyo’s red-hot Premier League start shows why big clubs should take notice
  • Black Stars Goalkeeper Benjamin Asare shines with four consecutive clean sheets for Hearts of Oak
  • Ghana’s Antoine Semenyo celebrates Bournemouth’s rise to second after stunning win over Fulham
  • Antoine Semenyo Named Man-of-the-Match after inspiring Bournemouth’s comeback win over Fulham
  • Ghana forward Antoine Semenyo scores brace as Bournemouth thrash Fulham

You Might Also Like

BusinessNewsTop Stories

Ghana’s President Mahama seeks investment partnerships during Singapore visit

August 25, 2025
BusinessTravel

Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store

May 15, 2025
BusinessTop Stories

Burkina Faso strengthens Russian ties with new mining licence

April 27, 2025
Minning

Ghana Bauxite Company targets 6 million tonnes production by end of 2025

April 7, 2025
  • Bereavement
  • Debt Management
  • Finance
  • Job Creation
  • Small Business
  • Climate
  • Education
  • Fashion
  • Health
  • Rights
  • Science
  • Sanitation
  • Mobilisation
  • Secondary Education
  • Celebrity News
  • Tertiary Education
  • Culture
  • Security
  • Corruption
  • Creed
  • Athletics
  • Basketball
  • Boxing
  • Formula 1
  • Rugby
  • Soccer
  • Tennis
  • Minning
  • Gaming
  • Technology
AfricaNews360AfricaNews360
Follow US

© 2024 - AfricaNews360 | All rights reserved.

  • About
  • Advertise with us
  • Contact

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Register Lost your password?