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19 posts found.

Year selected: 2017

Solar brings electric light to Mary’s family

Mobisol sells individual solar systems to rural African households beyond the grid, paid for in low monthly instalments using mobile money. A secured loan from Finnfund is supporting the company’s growth in Africa. The aim is to raise living standards and increase the use of renewable energy. An old gutted Toyota Hiace van sits in […]

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Finnfund issues successfully a 5-year EUR 100 million bond

The Finnish Fund for Industrial Cooperation Ltd (Finnfund) has successfully priced a 5-year EUR 100 million private placement. The issue was oversubscribed, allocations were made to investors from Central Europe, Finland and Scandinavia. This transaction follows the EUR 50 million private placement made in 2013. It will further diversify the funding base and allow Finnfund […]

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Fuzu matches workers with jobs

It is hard to find a job in Nairobi. Even good qualifications do not open all the doors. The competition is ruthless. There is no shortage of applicants and the number swells by a million each year. Nairobi, full of smart young university graduates, may be Africa’s toughest job market. Sylvia Biwott and Gregory Oyolo are […]

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European development finance institutions met in Helsinki

EDFI, the association of European development financiers, held its annual meeting in Helsinki on 18-19 May. The group also celebrated 25 years of cooperation. One of the quest speakers was internationally renowned development economist Sir Paul Collier, professor of economics and public policy at the University of Oxford. “Development of the private sector is vital for […]

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Annual Report 2016 has been published

Read more about Finnfund’s activities in 2016 on our online Annual Report. Please visit to learn more about our activities in 2016.  

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Finnfund to invest in Ethiopian poultry company – aiming to improve food security and living standards

By producing chicks which will provide eggs and poultry meat, EthioChicken supports families to improve their nutrition and livelihood, particularly in rural areas. Finnfund begins to finance EthioChicken, which aims to improve food security and reduce poverty in Ethiopia. By producing chicks which will provide eggs and poultry meat, the company supports families to improve their […]

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Frequently asked questions on the Agua Zarca run-of-river hydroelectric power generation project

The Agua Zarca Project is a proposed small-scale run-of-river hydro-electricity generation scheme of 21MW with an annual energy production of 99GWh. Finnfund has been one of the lenders since 2014. The other lenders of the Agua Zarca Project are the Dutch development finance institution FMO and CABEI (Central American Bank for Economic Integration). Finnfund participates […]

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Peikko Group Oy: from cowshed loft to global markets

Peikko Group, a family-owned company based in Lahti, Finland, is one of the Finnish companies that decided to try its luck on the export market amidst the deep 1990s recession. Starting in Germany and the Nordic Countries, this concrete connector manufacturer has expanded its operations to over 30 countries with the help of Team Finland’s […]

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Answers to A-Studio’s claims about Green Resources’s activities in Uganda

On 16 January the Finnish Broadcasting Company (YLE) published an online report about community relations in Kachung, Uganda, where Green Resources has a forest plantation. The same subject was discussed in a programme broadcast by YLE’s A-studio. Green Resources works closely with inhabitants of the area. For example, the company has built several water points […]

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