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 […]

April 11, 2024

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 […]

April 10, 2024

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 […]

April 4, 2024

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 […]

March 14, 2024

New Finnfund Insights focuses on Vietnam

“Vietnam has enjoyed robust economic growth and development throughout the 2000s, and the country has succeeded in reducing poverty significantly,” says Nea Tiililä, Economist at Finnfund. New Finnfund Insights covers the economic and political situation as well as the investment environment in Vietnam. Vietnam is one of the fastest-growing economies in Southeast Asia and globally, […]

March 13, 2024

Investors support Hewatele in its efforts to bring affordable medical liquid oxygen to healthcare facilities in East Africa

Hewatele, a medical oxygen producer in Kenya, has secured a 20 million USD funding package from Finnfund, DFC (the U.S. International Development Finance Corporation), SEDF (Soros Economic Development Fund), UBS Optimus Foundation and Grand Challenges Canada. Hewatele will use the debt and equity funds raised to finance the building of a liquid oxygen(LOX) manufacturing facility […]

February 14, 2024

Ivory Coast’s successful Eurobond issuance raises hopes for easing Africa’s funding squeeze

For almost two years, the Sub-Saharan African economies have not received financing from international bond markets. Last week, there was a positive turn, as Ivory Coast successfully issued two Eurobonds. This raises hopes that the financing and debt crisis in Sub-Saharan Africa will begin to ease. The Covid-19 pandemic, the political uncertainty caused by the […]

February 1, 2024

Let’s talk biodiversity – Finnfund’s nature and biodiversity statement in preparation

“Biodiversity is life in all its forms and the protection of life,” said Sami El Geneidy, Doctoral Researcher and Biodiversity Footprint Team Lead at the University of Jyväskylä. On 25th of January, Finnfund organised a workshop to discuss biodiversity and the role of investors in mitigating the negative impacts and enhancing positive impacts of businesses […]

January 26, 2024

Finnfund is one of the investors enabling the growth of TBC’s green loan portfolio in Georgia

TBC Bank Group PLC (“TBC PLC”) announces that its subsidiary, JSC TBC Bank (“TBC Bank”), has signed a syndicated subordinated loan agreement in the amount of EUR 80 million with the Dutch entrepreneurial development bank FMO and its syndicate members. The loan facility bears a maturity of ten years and qualifies as Tier 2 capital […]

Finnfund issues a EUR 100 million green bond

Finnfund, a Finnish development financier and impact investor, issues a EUR 100 million green bond. The 10-year bond bears interest at the rate of 3.5% per annum. The bond offering was placed to international investors, including a portion of dedicated green bond investors/portfolios. The bond represents Finnfund’s first ever green transaction and second issuance under […]

January 24, 2024