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Swedish pension fund backs Africa's first social government bond

The EUR 100m investment aims to promote welfare and infrastructure in West African nation.
Alecta's Sustainability Manager, Peter Lööw | Photo: PR / Alecta
Alecta's Sustainability Manager, Peter Lööw | Photo: PR / Alecta
by SØREN RATHLOU TOP

Alecta has invested EUR 100m in Africa's first social bond. The bond will finance schools, healthcare, food safety and infrastructure. Consequently, the bond contributes to a number of UN's Sustainable Development Goals, including no poverty (goal 1), health and well-being (goal 3) and good education for all (goal 4).

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