New members to Finnfund’s governing bodies

Finnfund’s Annual General Meeting held on 22 April appointed new members to the Board of Directors and the Supervisory Board. The Board of Director’s new chairperson is independent development banking specialist Robert Wihtol. Mr Wihtol takes over from Ms. Ritva Laukkanen who served two full terms. The new vice chair of the Board is Deputy […]

April 22, 2020

Finnfund’s alignment with Operating Principles for Impact Management

Finnfund was one of the first signatories to the Operating Principles for Impact Management and still is the only Finnish company among its over 90 signatories. Principle 9 requires the signatories to publicly disclose their alignment with the Principles. Finnfund is pleased to disclose its statement for public scrutiny. From impact measurement to impact management […]

Finnfund invests in improving women’s access to critical health products in East Africa

Finnfund has decided to invest in Kasha, an e-commerce platform improving women’s access to genuine health, hygiene and self-care products in East Africa. The company sells menstrual care products, contraceptives, pharmaceuticals and a range of beauty products via its own platform, accessible through basic phones and a website and delivered to customers confidentially. Kasha aims […]

March 31, 2020

Nafoods in Vietnam accelerates production plans with a 5 million USD investment from Finnfund

Nafoods Group and Finnfund have signed a 6 year, 5 million USD senior secured loan facility. Nafoods will use the loan proceeds for a new value-added products processing facility at its Long An factory, including 150MT monthly processing capacity for soft dried sugar and non-sugar tropical fruits and up to an additional 150 MT production […]

Finnfund adapts its operations to protect staff and ensure continuity of business

Over the past weeks Finnfund has taken increasing measures to protect its staff and partners from the COVID-19 virus while securing the continuity of its business operations. We have limited all physical contacts to the very minimum and conduct our work and meetings online. As a responsible impact investor and development financier we have made […]

March 17, 2020

Finnfund’s new Sustainability Policy finalized and approved

Finnfund’s new Sustainability Policy has been finalized and approved by Finnfund’s key decision making bodies, including Finnfund’s management, Board of Directors and Supervisory Board. The Sustainability Policy now applies to all new investments approved from March 2020 onwards. We’d like to thank all stakeholders involved in the revision process. The new overarching Sustainability Policy was […]

March 12, 2020

Finnfund finances development of high-quality hospitals in Egypt and Morocco

Finnfund supports the development of high-quality hospitals in Egypt and Morocco together with other international financial institutions. Finnfund’s share of the total 125 million US dollar financing facility is 18,75 million. Thanks to the financing Humania, a private healthcare company, will be able to expand health services and improve medical care in Morocco and Egypt […]

February 18, 2020

Bringing together executives of Africa’s most promising, fast-growing agribusiness

Last week, the African Cheetahs Roundtable was held in Nairobi, Kenya. Development finance institutions FMO, IFC, and Finnfund brought together executives of Africa’s most promising, fast-growing agribusiness companies (the “Cheetahs”) for a thought-provoking, interactive two-day roundtable. Exclusively for this roundtable, Prof. Peer Ederer analyzed strategic challenges faced by Cheetahs and explored solutions with the participants. Based on his […]

February 10, 2020

Financial service providers boost women’s careers and entrepreneurship

Finnfund invests 10 million euros in the Advans Group, an international microfinance group, and 10 million US dollars in Bank of Georgia, leading universal bank in Georgia. Both investments strengthen women’s financial and economic position, and qualify for the 2X Challenge, a G7 initiative to mobilise financing for women’s empowerment. Since 2018, the 2X Challenge […]

January 28, 2020

Modern agricultural technology increases productivity in Madagascar

The company JTF Madagascar SARL was established by the Italian renewable energy company Tozzi Green SpA in 2010 and is specialized in sustainable agriculture activities such as food crops and essential oils. Tozzi Green practices large-scale agriculture in Madagascar on an area of about 8,000 ha total, where it mainly cultivates corn and soybeans for […]

January 23, 2020