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27 posts found.

Selected Category: Africa

Impact study highlights the transformative nature of jobs in one of the poorest counties in Kenya

Creating and supporting decent jobs is Finnfund’s key objective. A study by Niras Kenya on Socio-Economic Impact of Lake Turkana Wind Power in Marsabit highlights the transformative nature of jobs in one of the poorest counties in Kenya. The study found that with a job at the company, employees’ incomes more than doubled to nearly EUR 900 […]

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Support to smallholder tree farming relieves the pressure on natural forests in Africa

Anne Arvola

On my last two trips to Eastern Africa before the travel restrictions I felt my throat choking and a grip in my stomach when looking at the scenery below from the airplane. It was not because of the turbulence but the anxiety about the shrinking, degraded forest patches and the smoke coming from the fires […]

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Finnfund invests 15 million US dollars to strengthen the agricultural supply chain in Africa

Finnfund is one of the investors in a syndicated loan to ETC Group (“ETG”). ETG has developed into a global player with a diverse portfolio of expertise across multiple industries, encompassing agricultural inputs, logistics, merchandising and processing, and supply chain optimization, with most of its footprint in Africa. ETG operates in 26 African countries and […]

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Finnfund invests in improving women’s access to critical health products in East Africa

Finnfund has decided to invest in Kasha, an e-commerce platform improving women’s access to genuine health, hygiene and self-care products in East Africa. The company sells menstrual care products, contraceptives, pharmaceuticals and a range of beauty products via its own platform, accessible through basic phones and a website and delivered to customers confidentially. Kasha aims […]

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Woodland or forest?

Ilkka Norjamäki

Monoculture and plantation are terms that often are used when it comes to planting commercial forests. Indeed, planted forests are typically such of one or more species whose main purpose is to efficiently produce the raw material needed by the forest industry. Criticism towards planted forests is often related to issues of poor biodiversity, water […]

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Finnfund finances development of high-quality hospitals in Egypt and Morocco

Finnfund supports the development of high-quality hospitals in Egypt and Morocco together with other international financial institutions. Finnfund’s share of the total 125 million US dollar financing facility is 18,75 million. Thanks to the financing Humania, a private healthcare company, will be able to expand health services and improve medical care in Morocco and Egypt […]

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Bringing together executives of Africa’s most promising, fast-growing agribusiness

Last week, the African Cheetahs Roundtable was held in Nairobi, Kenya. Development finance institutions FMO, IFC, and Finnfund brought together executives of Africa’s most promising, fast-growing agribusiness companies (the “Cheetahs”) for a thought-provoking, interactive two-day roundtable. Exclusively for this roundtable, Prof. Peer Ederer analyzed strategic challenges faced by Cheetahs and explored solutions with the participants. Based on his […]

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Financial service providers boost women’s careers and entrepreneurship

Finnfund invests 10 million euros in the Advans Group, an international microfinance group, and 10 million US dollars in Bank of Georgia, leading universal bank in Georgia. Both investments strengthen women’s financial and economic position, and qualify for the 2X Challenge, a G7 initiative to mobilise financing for women’s empowerment. Since 2018, the 2X Challenge […]

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Finnfund’s USD 10 million investment makes telecommunications in Lebanon and Guinea more reliable and energy-efficient

IPT PowerTech Group is an energy solutions provider combining specialized energy-efficient solutions with innovative telecom infrastructure. With financing from Finnfund, DEG, Proparco and European Investment Bank, IPT will modernize the energy supply infrastructure in Lebanon and Guinea. The hybrid solution utilizing solar panels and storage media will save up to 40% of energy and reduce diesel […]

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Finnfund’s investment boosts the expansion of aquaculture in Zambia

Finnfund supports the expansion of Yalelo Limited, an integrated tilapia aquaculture company in Zambia with a 6 million US dollar equity investment. It is the first direct investment by Finnfund in Zambia. Yalelo is the largest aquaculture company in Africa, producing 12,000 tons of tilapia annually. With the investments from Finnfund and Dutch FMO, Yalelo […]

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