Finnfund and MLR Forestal to work on an innovative biodiversity remediation programme in Nicaragua

Finnfund, a Finnish development financier and impact investor, and MLR Forestal, a Nicaraguan agroforestry company, launched an innovative pilot project to restore 554 hectares of degraded forest lands with significant biodiversity potential in Nicaragua. MLR Forestal, established in 2013, a Finnfund investee since 2019, is an agroforestry company focusing mainly on production of teak and […]

December 16, 2022

Finnfund invests 8 million US dollars in Menengai Geothermal Project in Kenya

Finnfund is one of the investors financing a geothermal project in Nakuru County, Kenya.  Globeleq, the leading private power company in Africa, has signed financing agreements with the African Development Bank (AfDB), Finnfund and the Eastern and Southern African Trade & Development Bank (TDB) with regard to the US$72 million debt funding for the 35MW Menengai […]

December 15, 2022

Season’s Greetings from Finnfund

December 14, 2022

Finnfund invests in regional insurtech Igloo to increase the insurance coverage in Southeast Asia

Finnfund is one of the investors in a financing package led by The InsuResilience Investment Fund II, initiated by German development bank KfW and managed by impact investor BlueOrchard Finance Ltd. The 27 million US dollar investment in regional insurtech Igloo brings the company closer to its vision of enabling ‘Insurance for All’. Igloo facilitates […]

November 29, 2022

Finnfund’s 3.4 million US dollar investment in KaiOS helps bring affordable mobile connections to Sub-Saharan Africa

Finnfund invests 3.4 million US dollars in KaiOS Technologies, maker of KaiOS, the leading mobile operating system for smart feature phones. It has been estimated that 3.4 billion people in emerging markets do no use internet despite living in areas with mobile broadband coverage. One of the greatest barriers to mobile internet adoption is the […]

November 23, 2022

Investment in Africa Mobile Networks bridges the digital divide between rural and urban populations in Sub-Saharan Africa

The BlueOrchard Sustainable Assets Fund (BOSAF) and the OP Finnfund Global Impact Fund I will provide a USD 20 million debt investment to support the growth of Africa Mobile Networks (“AMN”), a telecom provider focused on rural Sub-Saharan Africa, in bringing network services to an estimated 35 million people. Mobile network access and connectivity are […]

November 9, 2022

Finnfund invests in VinFast, manufacturer of Vietnam’s first fully-electric public transport bus fleet

Finnfund is one of the investors in a 135 million US dollar financing package to VinFast in Vietnam. The company manufactures Vietnam’s first fully-electric public transport bus fleet and developed the first national electric vehicle (EV) charging network. The investment will support Vietnam’s efforts to achieve net-zero greenhouse gas emissions and expand high-tech manufacturing industries. […]

October 24, 2022

First investors in African Forestry Impact Platform announced

New Forests, British International Investment (BII), Norfund and Finnfund, have signed subscription agreements for their investment in a dedicated African fund, the African Forestry Impact Platform (AFIP), for US$200 million, and announced AFIP’s first acquisition, Green Resources, East Africa’s largest forest development and wood processing company. This follows an announcement at COP26 around an intention […]

October 20, 2022

Finnfund issues a EUR 75 million sustainability bond

Finnfund, a Finnish development financier and impact investor, issues a EUR 75 million sustainability bond. The 3-year bond carries a coupon referencing 6-month Euribor + 125 bps. The bond offering was allocated to approximately 10 Finnish and international investors, including a portion of dedicated sustainability bond investors/portfolios. The bond represents Finnfund’s first issuance under its […]

October 17, 2022

Finnfund publishes Sustainability Bond Framework

Finnfund, a Finnish development financier and impact investor, has established a Sustainability Bond Framework to support its goal to foster sustainable development by providing investment opportunities for private investors. The Sustainability Bond Framework is designed to support the future issuance of green, social and/or sustainability bonds by Finnfund. “Establishing a Sustainability Bond Framework is an […]

October 3, 2022