78 posts found.
Selected Category: Africa
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 […]
Read moreNovember 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 […]
Read moreNovember 9, 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 […]
Read moreOctober 20, 2022
Sampsa Auvinen: Crisis is reshaping the global plywood market
Can this be true? A modern factory producing high-quality FSC-certified plywood in Ghana? When I showed European buyers at the Dubai Woodshow exhibition in March pictures of the factory in Ghana, many found them hard to believe. Preconceptions are hard to break. I myself believe that this is just the beginning. The war in Ukraine […]
Read moreOctober 19, 2022
Finnfund invests in Wave, a mobile money provider bringing affordable services to Sub-Saharan Africa
Finnfund’s investment is a part of a financing package arranged by IFC. Other investors are Symbiotics, Blue Orchard, responsAbility, Lendable and Norfund. Mobile money service increases financial inclusion. The LDC countries where Wave operates record some of the lowest account penetrations globally and Wave’s service gives the customers access to affordable accounts and payment services […]
Read moreJuly 25, 2022
Citrus and fresh-produce exporter Lona Group uses expansion capital to make the business more climate resilient
Phatisa, together with a consortium of leading development finance institutions, has acquired a significant minority stake in South African-based citrus and fresh-produce exporter, Lona Group, for an undisclosed sum. The investment will be used as expansion capital. The DFI co-investors are British International Investment (“BII” – formerly known as CDC Group), Norfund, and Finnfund – […]
Read moreMay 23, 2022
Fast-growing agribusiness companies in Africa excel in resilience, innovation and harnessing technology to increase productivity
It’s been two years since Finnfund, FMO and IFC arranged the first ever African Cheetahs event, bringing together the “Cheetahs”, executives of Africa’s most promising, fast-growing agribusiness companies. So much has changed since then: we have all made our way through two years of challenges with the COVID-19 pandemic and these years have not only […]
Read moreMay 18, 2022
Finnfund invests in Valency International to foster sustainable cashew production in Côte d’Ivoire
Finnfund, a Finnish development financier and an impact investor, announces today a USD 10 million debt facility commitment to Valency International Trading SARL, a Valency International Group company. Valency International Group is a diversified, integrated supply chain manager in agri commodities and agri inputs with subsidiaries in 15 countries. With the funding provided by Finnfund, […]
Read moreApril 15, 2022
SDG 5: A telecommunications operator’s best practices for promoting gender equality
Sustainable development means ending discrimination towards women and providing equal opportunities for education and employment. According to the experts, gender equality and women empowerment has been conclusively shown to stimulate economic growth, which is fundamental, especially in countries with higher unemployment rates and less economic opportunity. Founded in 2010, BCS is a wholesale telecommunications operator […]
Read moreFebruary 10, 2022
Finnfund opens its first regional office in Nairobi, Kenya
CEO Jaakko Kangasniemi: “Africa is the place to be for European development financiers” The Finnish development financier and impact investor Finnfund will open its first regional office in Nairobi, Kenya, in May 2022. Finnfund seeks to build a sustainable future and generate lasting impact by investing in businesses in developing countries that solve global development […]
Read moreFebruary 9, 2022