Skip to content
fi
en

19 posts found.

Selected Category: Africa

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 […]

Read more

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 […]

Read more

Access to electricity – at any cost?

Juho-Uusihakala

Sustainable Development Goal 7 aims to ensure access to affordable, reliable, sustainable and modern energy for all by 2030. Some progress has been made but Sub-Saharan Africa remains a challenge. International Energy Agency recently published data showing that, for the first time in modern history, the global population without access to electricity is below 1 […]

Read more

Finnish investment helps close the education gap in Africa

Finnish development financier Finnfund is investing 7 million US dollars in Maarifa Education Group, a private tertiary education company operating in Sub-Saharan Africa. Maarifa Education offers high quality programmes in labour market relevant studies of medicine, business, IT, law, and social-sciences, complementing public universities which can educate only a third of all applicants. Despite the […]

Read more

Finnfund finances energy efficient solar power solutions in Nigeria’s banking sector

Finnish development financier Finnfund has signed a pioneering 5 million US dollar long-term senior debt financing to Starsight Power Utility Limited group. Starsight offers solar-diesel-battery hybrid generation and efficient cooling and lighting solutions to commercial and industrial clients throughout Nigeria. Starsight’s solution will cut the customer’s use of fossil fuels by up to 70% thanks […]

Read more

The bank-in-phone wasn’t a joke after all

Many things changed when two Ethiopian friends opened their first bank accounts. It is evening in the Ethiopian capital Addis Ababa. Horse entrepreneur Eyob Lema carries in his pocket a 100 birr banknote, his earnings for the day. The sum equals to about three euros. Thirty-year-old Eyob Lema is a typical Ethiopian in the sense […]

Read more

Seminar: Sustainable development and climate action from African forests

How are the forests in Africa doing? What are the most cost-effective climate actions and can deforestation be slowed down? Is there demand for sustainably produced wood? Why is it so difficult to get private funding? What could the EU do? Forests, food production and climate change are closely linked to one another, professor Markku […]

Read more

Finnfund invests in sustainable avocado farming in Tanzania

Finnfund, a Finnish development finance company, provides a EUR 2.5 million secured loan to Africado, a Tanzanian avocado producer. Sustainable avocado farming is a viable alternative for Tanzania’s Kilimanjaro region farmers whose livelihoods have been shaken by the plunging price of coffee. The price of coffee has fallen sharply in recent years primarily due to […]

Read more

Wind power replaces imported oil in Cape Verde

Cabeólica wind farms in the West African island state Cape Verde cover more than 14% of the country’s current energy demand. Besides the obvious climate impact, the wind farm has generated economic growth, jobs and improved income for the benefit of Cape Verdeans. In spring 2018, Finnfund commissioned an external evaluation of the project’s impact. […]

Read more

New forestry fund projected to sequester 20 million metric tons of CO2

Finnish development financier Finnfund has committed 10 million USD to a new impact fund for sustainable forestry, the Arbaro Fund (Arbaro). Arbaro is projected to sequester over 20 million metric tons of CO2 in its lifetime and create more than 5,000 jobs in remote areas. Arbaro aims to invest in and actively manage a well-diversified […]

Read more
  • 1
  • 2