16 posts found.
Selected Category: Agriculture
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
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 – […]
Read moreMay 23, 2022
Fast-growing agribusiness companies in Africa excel in resilience, innovation and harnessing technology to increase productivity
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 […]
Read moreMay 18, 2022
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, […]
Read moreApril 15, 2022
We are looking for a (Senior) Investment Manager, Forestry and Agriculture
Finnfund is a Finnish development financier and impact investor. We build a sustainable future and generate lasting impact by investing in businesses that solve global development challenges. We invest 200–250 million euros in 20–30 companies in developing countries each year. Our focus sectors include renewable energy, sustainable forestry, sustainable agriculture, financial institutions, and digital infrastructure […]
Read moreFebruary 28, 2022
OP Finnfund Global Impact Fund I invests in food distribution platform Twiga to improve food security across Sub-Saharan Africa
OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, invests 3 million US dollars in Kenyan headquartered B2B e-commerce food distribution platform Twiga. OP Finnfund Global Impact Fund I joins a group of investors, led by Creadev, in a financing package totalling 50 million US dollars. Twiga operates a […]
Read moreNovember 1, 2021
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 […]
Read moreJune 2, 2021
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, […]
Read moreFebruary 4, 2021
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 […]
Read moreMay 11, 2020
Nafoods in Vietnam accelerates production plans with a 5 million USD investment from Finnfund
Nafoods Group and Finnfund have signed a 6 year, 5 million USD senior secured loan facility. Nafoods will use the loan proceeds for a new value-added products processing facility at its Long An factory, including 150MT monthly processing capacity for soft dried sugar and non-sugar tropical fruits and up to an additional 150 MT production […]
Read moreMarch 31, 2020
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