Investments in 55 developing countries

In 2022, Finnfund made 28 investments decision with a total worth of 246 million euros.

New investment decisions target mainly (98%) countries of low or lower-middle-income, in which the need for sustainable development investments is greatest.

In 2022, Africa continued to be Finnfund’s primary investment destination, with 57% of volume and 54% of decisions. Asia comes in second with slightly less than a quarter of investments.

Most Finnfund investments were made directly in companies operating in developing countries. Direct investments mean long-term investment loans, equity or mezzanine financing.

Besides direct investment, we can make indirect investments through funds. We also finance banks and financial institutions. Finnfund financing is always market-based and depends on the risks of the project.

List of investments in portfolio

Finnfund publishes information about its investees according to the Disclosure Policy.

Disclosure will be made as soon as possible after financing has been agreed upon.

In the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing. Information on the portfolio companies financed by the investment fund will be published at least once a year.

Table contents can be sorted by columns by clicking the column header. You can also search for companies or countries by using the search tool.

You can also download the investment list in Excel format here. This investment list, part of our Annual Report, is checked and updated annually – the last time was in December 2022. Please note, that this investment list does not cover all information available on the project web pages listed below.