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17 posts found.

Year selected: 2024

A summer at Finnfund: Learning about communication cultures, measuring impact and creative thinking

‘Relaxed’ and ‘ambitious’ are the first words that the four summer trainees choose when asked to describe the Finnfund work community. Some of them have been with us since April, one just started a couple of weeks ago. How is it going, how has it been? Diving into diverse investments Oskar Kojonen joined Finnfund’s investment […]

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Finnfund invests in CREI to improve mobile connections in South Sudan

South Sudan has one of the lowest rates of mobile access and connectivity in the world. Finnfund provides a 5 million US dollar mezzanine loan to Communication & Renewable Energy Infrastructure (CREI) in order to facilitate installing, operating and maintaining 413 telecom site hybrid power solutions in South Sudan. The project will contribute to a […]

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Phatisa and Finnfund announce exit from integrated organic sustainable palm oil producer, Planting Naturals, following acquisition by Dutch Dekker Group affiliate

Phatisa and Finnfund successfully exit their stake in Planting Naturals, a transformative brownfield investment, started in 2011, to rebuild a war-damaged palm oil mill in Sierra Leone. Planting Naturals has since grown into a leading global producer of organic and RSPO-certified palm oil, and is now being acquired by PaLenDu, an affiliate of the Dutch […]

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Minister Ville Tavio visits Kentegra’s state-of-the-art pyrethrum processing plant in Naivasha, Kenya

Finland’s Minister for Foreign Trade and Development Ville Tavio, accompanied by Finnish development financier and impact investor Finnfund, was one of the first visitors at Kentegra Biotechnology’s cutting-edge pyrethrum processing facility in Naivasha, Kenya. The visit underscores the strong collaboration between the Finnish government, Finnfund, and Kentegra in revitalizing Kenya’s pyrethrum industry. Kentegra Biotechnology Holdings […]

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Finnfund’s investment portfolio grew up to EUR 830 million – more focus on digitalisation and mobilisation of private capital

Finnfund, a Finnish development financier and impact investor, has published its Annual Report 2023. The report collates key information about Finnfund’s financial performance, sustainability, and impact. Last year, the company’s investment portfolio grew from EUR 810 million to EUR 830 million. Finnfund’s investments, commitments, and investment decisions totalled about EUR 1.23 billion at the end […]

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OP Finnfund Global Impact Fund I invests in the insurance sector to strengthen resilience in the Philippines

Triple P Capital, leading a group of investors, has completed the acquisition of an 85% stake in MAA General Assurance Philippines Inc. (“MAAGAP”) from MAA Group Berhad. The consortium of investors also include the International Finance Corporation (IFC), the German development finance institution DEG – Deutsche Investitions- und Entwicklungsgesellschaft MBH, Belgian Investment Company for Developing […]

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Draft act on the State’s new capital investment company sent out for comments – Finnfund not to be merged with the new Finnish Industry Investment

The Ministry of Economic Affairs and Employment will organise a consultation round on the draft act on the new state capital investment company from 10 April to 8 May 2024. The new company will be given an industrial policy task with a stronger focus on economic growth, renewal and promotion of investments. The Government proposal […]

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OP Finnfund Global Impact Fund I invests in AwanTunai to foster the digitalisation and growth of the MSMEs in Indonesia

OP Finnfund Global Impact Fund I, the first Finnish global emerging markets impact fund has invested USD 5 million in equity in AwanTunai, an Indonesian fintech company. AwanTunai offers affordable inventory purchase financing, integrated online ordering, and inventory management solutions to merchants and wholesalers across the country. Through this investment, OP Finnfund Global Impact Fund […]

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Lenna Koszarny, Horizon Capital: “This is the moment when Ukrainians need help the most”

Lenna Koszarny, Founding Partner and CEO of private equity firm Horizon Capital, and her team recently raised over $300 million in funding from international investors. Now Koszarny explains how the role of women in Ukraine’s economy has only increased since the start of the war, and what it’s like when air raid sirens sometimes interrupt […]

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BII and Finnfund continue their support to women-led micro-enterprises in Pakistan through Kashf Foundation

Today, both British International Investment (BII), the UK’s development finance institution and impact investor, and Finnfund announced their continuing support to Kashf Foundation (Kashf), one of the leading microfinance institutions in Pakistan. BII has committed $15 million US dollars while Finnfund has committed $10 million US dollars as follow on investments. In 2021, Finnfund and […]

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