Skip to content
fi
en

19 posts found.

Year selected: 2017

Pasi Rajala appointed Communications Director at Finnfund

Pasi Rajala has been appointed Communications Director at Finnfund as of 8 January 2018. Rajala has about two decades of experience from communications and almost ten years of experience from development issues. He has held communications posts at the UN Development Programme (UNDP) in Tanzania, New York and Copenhagen. In Finland, he has worked as […]

Read more

Finnfund to finance the largest wind farm in Serbia

Finnfund, together with Taaleri Aurinkotuuli, a Finnish investment fund, has made an investment in Cibuk 1 wind farm, located in Vojvodina, Northern Serbia. The 158 MW wind farm will consist of 57 GE turbines, and once operational, can produce up to 475 GWh of power per year. The wind farm is expected to reach full […]

Read more

Finnfund to invest with an IFC-led consortium to support the world’s largest solar park in Egypt

Finnfund, a Finnish development finance company, participates in financing the construction of 13 solar power plants in southern Egypt, near the city of Aswan. The plants will be part of the larger Benban Solar Park, which, once complete, will be the largest solar installation in the world. Finnfund’s investment amounts to a total of USD […]

Read more

Finnfund’s initial reaction to the Gaipe Report

On 6 July 2017, FMO and Finnfund finalized their exit from the Agua Zarca project in Honduras. Following the murder of Berta Cáceres, a well-respected human rights activist, FMO and Finnfund publicly expressed the deepest sorrow at her violent death. We have called upon the Honduran authorities for a thorough investigation and continue this call […]

Read more

Finnfund invests in financial services technology platform Jumo

Finnfund, a Finnish development finance company, has made an investment in Jumo, a financial services platform providing mobile financial services in emerging markets. JUMO is a multi-sided platform for Mobile Network Operators and Financial Service Providers.  To date, JUMO has served over 5 million people in Africa and Asia using behavioural data from mobile usage. […]

Read more

Why sustainable forestry is good business? Chris Burchmore from FSC® Africa explains

“Sustainable forestry is good business. It shows, for instance, as better planning of operations, financial management, cooperation with local people – and at the end of the day, as better products, too,” says Chris Burchmore, Director of FSC Africa. Deforestation and degradation of forests is a global challenge. According to FAO, Food and Agriculture Organization of […]

Read more

Finnfund invites comments on the discussion paper concerning its tax policy reform

Preparing to reform its tax policy, Finnfund wishes to give all those willing to comment on its first discussion paper a chance to do so. The discussion paper will provide a basis for reforming Finnfund’s tax policy. It will also provide a basis for developing a tax tool which Finnfund will use to assess the […]

Read more

Finnfund provides funding for 40 MW power plant in Argentina

Finnfund has provided a senior loan facility worth USD 20 million to Methax S.A. for building a power plant in Mendoza, Argentina. The project company Methax is owned by a power investor Grupo Galileo. The power plant is supplied by Wärtsilä. The power plant will generate electricity from liquefied natural gas (LNG) which will be […]

Read more

Finnfund to provide an additional senior loan facility to Mobisol

Finnfund has provided an additional substantial senior loan facility to Mobisol, following an already provided senior loan in 2016 to Mobisol’s operations in Tanzania, Rwanda and Kenya. This additional funding, granted up to 10 million euros, will support Mobisol’s fast expansion in East Africa, where the company installed nearly 10 megawatts of capacity in those […]

Read more

FMO and Finnfund finalize exit Agua Zarca

Two of the lenders of the Agua Zarca hydropower project in Honduras, FMO (Netherlands Development Finance Institution), Finnfund (Finnish Fund for Industrial Cooperation), together with owner and developer DESA, mutually agreed to end their existing contractual relations. This joint conclusion was reached after extensive consultations with a large number of local and international stakeholders and […]

Read more