76 posts found.
Selected Category: Africa
Connecting the dots: How to bridge the investment gap in the clean energy sector in Sub-Saharan Africa?
A knowledge sharing and networking event between Finland-based development funders was organised to showcase and provide insights on financing for and working with local companies in the region. It also provided an opportunity to forge new partnerships and to explore how financing could be brought closer to the local companies. EEP Africa, Finnfund and Finnpartnership […]
Read moreSeptember 28, 2023
Event: Clean energy in Africa – closing investment gaps
Join us on 28 September in Helsinki or online! What does the clean energy sector look like today in Sub-Saharan Africa? What are the biggest opportunities and bottlenecks? What lessons are there for Finnish and other companies and actors interested in or already involved with the market? What type of funding is available for companies […]
Read moreSeptember 20, 2023
Finnfund and DFC commit 15 million US dollars in equity and loan financing to Kentegra Biotechnology to boost the expansion of pyrethrin production in Kenya
Kentegra Biotechnology was founded in 2017 and has quickly grown to become the leading pyrethrin producer in Kenya. Finnfund, the Finnish development financier and impact investor, and the United States International Development Finance Corporation (DFC), a development finance institution and agency of the United States federal government, participated in the funding round, which gathered equity […]
Read moreAugust 22, 2023
Regardless of the dark clouds over Kenyan economy, the banking sector is performing relatively well
Finnfund’s strategy places a strong emphasis on Africa, with half of the investments in the continent. Kenya is one of the important markets in East Africa and that is why we opened a regional office in Nairobi in 2022. The Kenyan economy is experiencing challenging times and Finnfund’s Economist Nea Tiililä took a closer look […]
Read moreAugust 14, 2023
Finnfund invests in Evolution III to foster the availability of clean energy and climate mitigation in Africa
Finnfund, a Finnish development financier and impact investor, has announced a USD 20 million commitment to Evolution III Fund, a Pan-African equity fund aiming to foster the availability and accessibility of clean energy and increase energy efficiency. Riikka Molander, Associate Director & Head of Funds at Finnfund said: “Our investment in Evolution III Fund marks […]
Read moreMarch 20, 2023
Finnfund sells its shares in Lake Turkana Wind Power to BlackRock
– “Undeniably one of the best wind sites in the world” Finnfund, a Finnish development financier and impact investor, has entered into an agreement to sell its shares in Lake Turkana Wind Power Limited (LTWP) in Kenya, owning and operating the largest wind farm in Africa. Finnfund has been a shareholder in the company ever […]
Read moreMarch 16, 2023
Terhi Koipijärvi: Strategic thinking over administration
What is most important in Board work? How to draw the line between operational and strategic thinking? How to avoid getting bogged down in administration? What is it like to serve on the Board of the largest forestry company in East Africa? “Thank you for your faith in me, what an intriguing company!”, replied I […]
Read moreJanuary 30, 2023
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 […]
Read moreDecember 15, 2022
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 […]
Read moreNovember 23, 2022
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 […]
Read moreNovember 9, 2022