In a step towards promoting sustainable economic growth and job creation in developing countries, SIFEM is pleased to announce two new investments, targeting a diverse range of sectors and regions.

As SIFEM bids farewell to an extraordinary year, we reflect on our continued efforts to reduce poverty and foster sustainable, inclusive, and resilient economies through impactful investments.

SIFEM has committed USD 15 million to ADENIA CAPITAL V L.P. (Adenia), thereby supporting a long-term partner and an expert in African investments who has historically delivered strong results.

The National Council unanimously adopted the draft Federal Act on the Development Finance Corporation SIFEM in its session on December 4, 2023.

In 2022, the Swiss Investment Fund for Emerging Markets (SIFEM) created important economic, social, and environmental impacts in developing countries.

Development finance institutions are extending their preparations to support Ukraine’s reconstruction, with the European Bank for Reconstruction and Development (EBRD) and Development Finance Institutions (DFIs) from around the world signing a Memorandum of Understanding to provide a framework for collaboration when making co-investments in Ukraine, mainly in the private sector.

Susanne Grossmann and Julia Balandina Jaquier conclude their successful tenure and are replaced by Laurie J. Spengler and Pascal Pierra to continue deploying SIFEM’s development investment strategy.

On April 28, 2023, SIFEM was represented by Alvaro Borghi, Chargé d’Affaires, Embassy of Switzerland in Ukraine, at the signing ceremony of the interim closing of Horizon Capital Growth Fund IV (HCGF) which has surpassed its USD 250m target. The achievement of this milestone was celebrated in the presence of the President of Ukraine, Volodymyr Zelenskyy. In his welcome speech, he stressed the importance of such capital flows for the local economy and workforce which are hit hard by the ongoing military conflict.

In 2022, the Swiss Investment Fund for Emerging Markets (SIFEM) committed a total of USD 95 million to seven new investments and concluded the year with an operating result of minus CHF 13.1 million. The seven new investments will contribute directly to the achievements of SIFEM’s development goals, especially in terms of job creation, climate change mitigation and adaptation, and exposure in the least developed countries (LDCs).