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Global Gateway and Finnfund

Finnfund is one of the partners of Global Gateway.

Finnfund is one of the partners of Global Gateway, a European strategy to boost smart, clean and secure links in digital, energy and transport sectors and to strengthen health, education and research systems across the world.

The Global Gateway is the EU’s contribution to narrowing the global investment gap worldwide. It is also fully aligned with the UN’s Agenda 2030 and its Sustainable Development Goals, as well as the Paris Agreement.

The Global Gateway will be delivered through a Team Europe approach, which brings together the EU and EU Member States with their financial and development institutions. It also seeks to mobilise the private sector in order to leverage investments for a transformational impact.

Africa Connected Programme

Africa Connected Programme is an initiative aimed at mobilizing funding for sustainable investments for digital infrastructure and digital service platforms in Sub-Saharan Africa.

The agreement was signed between Finnfund and the European Commission in October 2023, making Finnfund a first-time implementing partner of the European Fund for Sustainable Development Plus Guarantees (EFSD+). EFSD+ is one of the financing tools of Global Gateway, promoting sustainable investments in the EU’s partner countries.

Under the Africa Connected Programme, Finnfund utilises EFSD+ guarantees in its investments into rural connectivity solutions, access to data, and digital solutions in Sub-Saharan Africa. This strategic partnership reflects a collective effort to address the pressing needs of the region and promote private investments in commercially viable projects in the least developed and fragile countries.

Key Details of the Africa Connected Programme Guarantees:
  • Financing: A guarantee capacity of up to EUR 100 million for Finnfund’s debt and equity operations.
  • Geographical Focus: Sub-Saharan Africa is the primary beneficiary, with a particular emphasis on Least Developed Countries and fragile states.
  • Sectoral Focus: The program targets digital infrastructure providers, including mobile network operators, as well as digital platform businesses.
  • Gender Equality: Investments under the guarantee promote gender equality.
  • Guarantees can be extended to cover investments by co-investors.

Finnpartnership’s Global Gateway campaign

Finnfund manages the Finnpartnership business partnership programme, which provides financial grants for Finnish companies’ projects in developing markets, and a matchmaking service for companies from developing markets to find business partners from Finland.

Finnpartnership also runs a Global Gateway campaign that aims to enable an increasing number of Finnish companies to take advantage and get involved in EU procurements and investments in developing markets. Through the campaign, companies are built a tailored path towards new business opportunities in their target countries.

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