New Investments

Swedfund Invests $5 Million in Ivory Coast's Bridge Bank Microfinance to Support Women-Led Businesses

Swedfund, a Swedish development finance institution (DFI), has partnered with African credit fund BluePeak Private Capital Fund to invest $5 million in Bridge Bank Microfinance (BBM), a subsidiary of West Africa-based Teyliom Finance.

This investment aims to strengthen financial access for micro, small, and medium-sized enterprises (MSMEs), particularly those owned by women, in Côte d’Ivoire.

The $25 million combined investment will be managed by BBM.

Swedfund anticipates it will improve access to finance for women entrepreneurs, boost MSME growth, and create income and employment opportunities across West Africa.

BBM plans to tailor its offerings specifically to women-led businesses, aligning with Swedfund’s commitment to promoting gender equality and empowering women financially.

This investment marks Swedfund’s first venture into the Ivorian market since establishing a regional office in Abidjan in 2023.

Kitanha Toure, Head of Swedfund’s Abidjan office, highlighted the DFI’s dedication to supporting the development of a gender strategy.

She emphasized the challenges faced by MSMEs, especially those led by women, in securing funding in Côte d’Ivoire.

Responsible lending to these enterprises, she explained, can stimulate private sector growth, create formal employment, and advance gender equality.

Swedfund, Teyliom Finance, and BBM have agreed to implement a gender strategy that will be monitored by Swedfund throughout the loan period.

This collaboration builds on Swedfund’s previous investment in BluePeak and its commitment to providing long-term capital to African businesses through its investments in BluePeak and Vantage Mezzanine Fund IV.

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