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40 posts found.

Selected Category: Africa

OP Finnfund Global Impact Fund I invests in EthioChicken, a forerunner in African poultry farming

OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, invests USD 5 million in EthioChicken, an Ethiopian poultry company. The aim is to generate good jobs, improve food security and reduce poverty in Ethiopia. Established in 2010, EthioChicken has become a forerunner and one of the largest poultry companies […]

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Finnfund invests in Uhuru Growth Fund I to foster growth of West African businesses

Finnfund, a Finnish development financier and impact investor, announce today a USD 10 million commitment to Uhuru Growth Fund I (UGF). UGF is the first generation fund focusing on high growth SME and middle market businesses operating in the consumer-facing and financial services sectors. The fund will seek investments in West African countries including Nigeria, […]

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Finnfund invests in ADP III to foster growth and development of African businesses

Finnfund, a Finnish development financier and impact investor, today announce a USD26 million commitment to African Development Partners III (ADP III), a pan-African private equity fund aiming to foster the growth and development of African consumer focused businesses across the continent. Contributing to the value creation within its investees, ADP III aims to support established […]

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Creadev, Finnfund and Imaginable Futures support SPARK Schools in its mission to revolutionize Africa K-12 education

By 2030, more than 300 million young people will enter the job market across Sub-Saharan Africa. A high-performing primary and secondary learning system unlocking the doors of university will be critical to educate and train the many. Yet most of K-12 institutions across the continent still perform poorly, plagued by overcrowded classrooms, scarcity of qualified […]

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Phatisa Food Fund 2 reaches $143 million final close from DFI commitments

CDC Group, Norfund, Finnfund, FinDev Canada and BIO jointly commit $82 million to Phatisa’s second food fund Sub-Saharan African fund aims to create over 2,000 jobs in food and agriculture The investment aims to increase agricultural output by 3m tonnes A group of leading development finance institutions (DFIs) and impact investors – CDC Group, Norfund, […]

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Finnfund increases funding to Starsight, a leading C&I solar player in West Africa

Starsight, the leading Commercial and Industrial (“C&I”) solar power provider in West Africa, is delighted to announce that Finnfund and Norfund have increased their senior debt facility from 10 million USD to 20 million USD. The new funding will enable Starsight to continue to deliver its market leading energy-as-a-service hybrid solar solutions to C&I customers […]

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COVID-19 underlines the need for accessible healthcare

Markus Pentikäinen

I was invited as one of the panelists to attend a webinar about healthcare investments in Africa. The main question there was how the ongoing pandemic has reshaped the healthcare investment landscape.  Some things may have changed during this very exceptional year but in my opinion, most things have not. We are a long-term impact […]

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Finnfund to participate a European financing package to support COVID-19 impacted businesses

Finnfund, a Finnish development financier and impact investor, invests EUR 10 million in a financing scheme of eleven members of EDFI, the Association of European Development Finance Institutions, and the European Investment Bank (EIB) to reduce negative impacts of the COVID-19 pandemic on economy and employment in developing countries. The financing package of EUR 280 […]

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Oh sustainability, how I hate (and love) you!

Päivi Lehtonen

Oh sustainability, how I hate you! But only on the days when I look at the world and feel despondent and think that we should be accomplishing so much more. We should achieve better and more visible results to improve the state of the environment. And don’t get me started on social responsibility and equality. […]

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Finnfund provides US$10 million loan to First National Bank Ghana to strengthen capacity in Ghanaian financial sector

Finnfund, a Finnish development finance company and impact investor, has provided a US$ 10 million senior loan to First National Bank Ghana Ltd. One of the key objectives of Finnfund’s investment is to support the Ghanaian financial sector and the growth of small and medium-sized enterprises (SMEs), and in particular, foster affordable housing in the […]

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