Swedfund invests in Inside Capital's second fund

Swedfund has invested $10 million in the Inside Equity Fund II, managed by Inside Capital.

Inside Capital has invested in Alpha Polyplast, a Zambian company that specialises in recycling plastic waste.

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Sweden’s development finance institution, Swedfund, has invested $10 million in the Inside Equity Fund II, managed by Inside Capital. The fund will back small and medium-sized enterprises (SMEs) in Zambia, Madagascar, Mauritius, Tanzania, Malawi and Mozambique.

"The investment in Inside Equity Fund II will provide much needed growth capital to small companies with sustainable business models, tailored to their specific needs. This will increase economic resilience in regions where access to finance is limited," said Sofia Gedeon, investment director of sustainable enterprises at Swedfund.

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