Sweden’s development finance institution, Swedfund, has committed over $41 million to the Emerging Africa & Asia Infrastructure Fund (EAAIF), an initiative focused on enhancing sustainable infrastructure in emerging markets.
As reported on WAYA Media, this investment, which targets projects in Africa, Asia, and the Levant, is part of a broader effort to tackle significant energy shortages and infrastructure challenges in regions where access to essential services is limited.
A Focus on Low-Carbon Infrastructure for a Sustainable Future
The EAAIF focuses on promoting low-carbon infrastructure, aligning with global efforts to reduce emissions and adapt to climate change. Swedfund’s latest contribution will help fund projects that aim to reduce reliance on fossil fuels and support the transition to green energy.
This includes energy infrastructure such as renewable energy plants, which will power millions of households and reduce carbon emissions.
Swedfund has a history of investing in clean energy solutions, including its support in Africa, with contributions to the construction of a 46 MW biomass power plant in Côte d’Ivoire, providing electricity to 743,000 people while cutting 120,000 tons of carbon emissions annually.
Addressing Energy Deficits in Africa and Asia
Swedfund’s investment aims to bridge the energy gap in areas with critical shortages, particularly in sub-Saharan Africa and parts of Asia.
According to WAYA Media and data from the Center for Strategic & International Studies (CSIS), Africa remains the most energy-deprived continent, with nearly 75% of the global population lacking access to reliable electricity.
The report also notes that in the Asia-Pacific region, over 150 million people live without electricity, while another 350 million have minimal access.
These energy deficits are evidently a challenge for basic living, digital connectivity, healthcare access, and socio-economic development.
By supporting infrastructure projects, Swedfund aims to improve access to energy, foster digital inclusion, and contribute to the global shift toward cleaner, more sustainable energy sources.
The Future of Sustainable Development
The organization’s commitment to addressing infrastructure gaps in regions like Africa, Asia, and the Levant demonstrates a long-term dedication to building climate-resilient solutions that benefit both the environment and local communities.
Similarly, Schneider Electric has been actively pursuing sustainability initiatives in the Levant and Northeast Africa, aiming to reduce CO₂ emissions by 800 million tonnes by 2025, according to Zawya.
As of the third quarter of 2023, the company had already cut 263 million tonnes while also working toward providing 50 million people with access to green electricity by 2025.
By fostering energy access and supporting low-carbon projects, Swedfund—alongside private-sector players like Schneider Electric—is helping to lay the foundation for a greener, more equitable world.
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