Finnfund

Siv Ahlberg has been appointed Programme Director of Finnpartnership as of 15 September, due to Sari Nikka’s new assignment abroad. Siv Ahlberg has been Senior Investment Manager at Finnfund and, previously, was long employed in equivalent positions with the Nordic Development Fund (NDF).  She has extensive experience with financial administration and project funding, especially in Africa. 

Busy first year at Finnpartnership

Finnpartnership began operations just over a year ago and demand for its services has exceeded all expectations. Finnpartnership channels Business Partnership Support Facility to projects and offers assistance to Finnish companies in finding new business opportunities and partners in developing countries. 

Its Business Partnership Support Facility is financial assistance that Finnish companies or organizations can apply for commercially viable projects aiming at long-term business partnerships between Finnish companies and companies in developing countries. The Support Facility is funded by the Ministry for Foreign Affairs and managed by Finnfund. Finnpartnership has made a good start and as many as a hundred grant applications were received during the first year.

Norsad’s new CEO from Finland

Sari Nikka, the previous head of Finnpartnership, has been appointed Chief Executive Officer of Norsad in Lusaka, Zambia. Norsad is a development finance institution operating in Southern Africa, which started its operations in 1991 with the financial assistance of Nordic countries. Norsad provides direct and indirect financing to small and medium sized enterprises in eleven countries of the Southern African Development Community (SADC) – Zambia, Angola, Namibia, Zimbabwe, Lesotho, Tanzania, Malawi, Botswana, Mozambique, Swaziland and Mauritius. Norsad’s total capital is about 70 million dollars.

www.finnpartnership.fi

www.norsad.org

For more information please contact Mr Jaakko Kangasniemi, tel. +358 9 3484 3339, email firstname.lastname@finnfund.fi