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60 posts found.

Selected Category: Africa

Finnfund invests 8 million US dollars in Menengai Geothermal Project in Kenya

Finnfund is one of the investors financing a geothermal project in Nakuru County, Kenya.  Globeleq, the leading private power company in Africa, has signed financing agreements with the African Development Bank (AfDB), Finnfund and the Eastern and Southern African Trade & Development Bank (TDB) with regard to the US$72 million debt funding for the 35MW Menengai […]

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Finnfund’s 3.4 million US dollar investment in KaiOS helps bring affordable mobile connections to Sub-Saharan Africa

Finnfund invests 3.4 million US dollars in KaiOS Technologies, maker of KaiOS, the leading mobile operating system for smart feature phones. It has been estimated that 3.4 billion people in emerging markets do no use internet despite living in areas with mobile broadband coverage. One of the greatest barriers to mobile internet adoption is the […]

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Investment in Africa Mobile Networks bridges the digital divide between rural and urban populations in Sub-Saharan Africa

The BlueOrchard Sustainable Assets Fund (BOSAF) and the OP Finnfund Global Impact Fund I will provide a USD 20 million debt investment to support the growth of Africa Mobile Networks (“AMN”), a telecom provider focused on rural Sub-Saharan Africa, in bringing network services to an estimated 35 million people. Mobile network access and connectivity are […]

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First investors in African Forestry Impact Platform announced

New Forests, British International Investment (BII), Norfund and Finnfund, have signed subscription agreements for their investment in a dedicated African fund, the African Forestry Impact Platform (AFIP), for US$200 million, and announced AFIP’s first acquisition, Green Resources, East Africa’s largest forest development and wood processing company. This follows an announcement at COP26 around an intention […]

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Sampsa Auvinen: Crisis is reshaping the global plywood market

Sampsa Auvinen

Can this be true? A modern factory producing high-quality FSC-certified plywood in Ghana? When I showed European buyers at the Dubai Woodshow exhibition in March pictures of the factory in Ghana, many found them hard to believe. Preconceptions are hard to break. I myself believe that this is just the beginning. The war in Ukraine […]

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Finnfund invests in Wave, a mobile money provider bringing affordable services to Sub-Saharan Africa

Finnfund’s investment is a part of a financing package arranged by IFC. Other investors are Symbiotics, Blue Orchard, responsAbility, Lendable and Norfund. Mobile money service increases financial inclusion. The LDC countries where Wave operates record some of the lowest account penetrations globally and Wave’s service gives the customers access to affordable accounts and payment services […]

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Citrus and fresh-produce exporter Lona Group uses expansion capital to make the business more climate resilient

Phatisa, together with a consortium of leading development finance institutions, has acquired a significant minority stake in South African-based citrus and fresh-produce exporter, Lona Group, for an undisclosed sum. The investment will be used as expansion capital. The DFI co-investors are British International Investment (“BII” – formerly known as CDC Group), Norfund, and Finnfund – […]

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Fast-growing agribusiness companies in Africa excel in resilience, innovation and harnessing technology to increase productivity

Johanna Raehalme

It’s been two years since Finnfund, FMO and IFC arranged the first ever African Cheetahs event, bringing together the “Cheetahs”, executives of Africa’s most promising, fast-growing agribusiness companies. So much has changed since then: we have all made our way through two years of challenges with the COVID-19 pandemic and these years have not only […]

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Finnfund invests in Valency International to foster sustainable cashew production in Côte d’Ivoire

Finnfund, a Finnish development financier and an impact investor, announces today a USD 10 million debt facility commitment to Valency International Trading SARL, a Valency International Group company. Valency International Group is a diversified, integrated supply chain manager in agri commodities and agri inputs with subsidiaries in 15 countries. With the funding provided by Finnfund, […]

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OP Finnfund Global Impact Fund I invests in d.light to provide energy access to millions of people

OP Finnfund Global Impact Fund I’s equity funding will enable d.light to provide energy access to millions of people living without reliable energy access OP Finnfund Global Impact Fund I makes a 7 million US dollar equity investment in d.light, a leading innovator of solar energy products. This latest funding will enable expansion of the […]

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