22 posts found.
Year selected: 2024
Finnfund invests in an energy tech company that helps Africa’s power sector distribute electricity more efficiently
Africa’s power grids face significant challenges, with utilities struggling to provide consistent service due to outdated infrastructure and unreliable data. Finnfund invests in Beacon Power Services (BPS), an energy tech company that provides data-driven solutions that are based on for example AI-enabled digital mapping. One of the main products offers real-time grid monitoring and control, […]
Read moreNovember 11, 2024
UNICEF and Finnfund collaborate on Child-lens investing
Promotion of the Child-lens Investing Framework aims to direct more global capital towards the well-being of children. Finnfund, the Finnish development financier and impact investor, and UNICEF, strengthen their collaboration on the adoption of UNICEF’s Child-lens Investing Framework (CLIF) with the signing of a Memorandum of Understanding. Child-lens investing is a novel approach that encourages […]
Read moreOctober 29, 2024
Finnfund and Swedfund invest in Siddhartha Bank to strengthen Nepal’s financial inclusion and financing to renewable energy
Finnfund and Swedfund complete their first direct investment within the Nepalese banking sector by providing a loan of 10 million US dollar each to Siddhartha Bank. The proceeds of the investment will be used to support the growth of micro, small and medium enterprises (MSMEs), agriculture and agribusiness, and the development of the hydropower sector […]
Read moreOctober 21, 2024
New policy statement guides Finnfund’s investment activities in strengthening natural values and biodiversity
Development financier and impact investor Finnfund has adopted a policy statement that brings together the guiding principles and goals based on which Finnfund strives to strengthen the well-being and diversity of nature and to mitigate possible nature and biodiversity risks in its investment activities. The policy statement recognises biodiversity loss as a significant threat to […]
Read moreAugust 26, 2024
OP Finnfund Global Impact Fund I invests in TerraPay to boost access to international remittances in Africa
OP Finnfund Global Impact Fund I, the first Finnish global emerging markets impact fund, invests in TerraPay to boost access to affordable remittances and support livelihoods and business activity in countries across Africa. The investment is part of a 75 million US dollar financing package that includes a 30 million US dollar loan from IFC, […]
Read moreAugust 14, 2024
A summer at Finnfund: Learning about communication cultures, measuring impact and creative thinking
‘Relaxed’ and ‘ambitious’ are the first words that the four summer trainees choose when asked to describe the Finnfund work community. Some of them have been with us since April, one just started a couple of weeks ago. How is it going, how has it been? Diving into diverse investments Oskar Kojonen joined Finnfund’s investment […]
Read moreJuly 2, 2024
Finnfund invests in CREI to improve mobile connections in South Sudan
South Sudan has one of the lowest rates of mobile access and connectivity in the world. Finnfund provides a 5 million US dollar mezzanine loan to Communication & Renewable Energy Infrastructure (CREI) in order to facilitate installing, operating and maintaining 413 telecom site hybrid power solutions in South Sudan. The project will contribute to a […]
Read moreJune 28, 2024
Phatisa and Finnfund announce exit from integrated organic sustainable palm oil producer, Planting Naturals, following acquisition by Dutch Dekker Group affiliate
Phatisa and Finnfund successfully exit their stake in Planting Naturals, a transformative brownfield investment, started in 2011, to rebuild a war-damaged palm oil mill in Sierra Leone. Planting Naturals has since grown into a leading global producer of organic and RSPO-certified palm oil, and is now being acquired by PaLenDu, an affiliate of the Dutch […]
Read moreJune 19, 2024
Minister Ville Tavio visits Kentegra’s state-of-the-art pyrethrum processing plant in Naivasha, Kenya
Finland’s Minister for Foreign Trade and Development Ville Tavio, accompanied by Finnish development financier and impact investor Finnfund, was one of the first visitors at Kentegra Biotechnology’s cutting-edge pyrethrum processing facility in Naivasha, Kenya. The visit underscores the strong collaboration between the Finnish government, Finnfund, and Kentegra in revitalizing Kenya’s pyrethrum industry. Kentegra Biotechnology Holdings […]
Read moreJune 17, 2024
Finnfund’s investment portfolio grew up to EUR 830 million – more focus on digitalisation and mobilisation of private capital
Finnfund, a Finnish development financier and impact investor, has published its Annual Report 2023. The report collates key information about Finnfund’s financial performance, sustainability, and impact. Last year, the company’s investment portfolio grew from EUR 810 million to EUR 830 million. Finnfund’s investments, commitments, and investment decisions totalled about EUR 1.23 billion at the end […]
Read moreMay 14, 2024