10 posts found.
Selected Category: Digital infrastructure and solutions
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
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 […]
Read moreJuly 25, 2022
DFIs pledge to enhance collaboration in support of infrastructure development
The leaders of more than 15 Development Finance Institutions (DFIs) gathered to affirm their commitment to transparent and sustainable private sector investment in priority sectors essential to development. The group of DFI leaders reiterated their support for an initiative first announced at the Carbis Bay G7 Summit last year that contributes to achieving the shared […]
Read moreApril 26, 2022
SDG 5: A telecommunications operator’s best practices for promoting gender equality
Sustainable development means ending discrimination towards women and providing equal opportunities for education and employment. According to the experts, gender equality and women empowerment has been conclusively shown to stimulate economic growth, which is fundamental, especially in countries with higher unemployment rates and less economic opportunity. Founded in 2010, BCS is a wholesale telecommunications operator […]
Read moreFebruary 10, 2022
OP Finnfund Global Impact Fund I joins a group of investors supporting India’s leading MSME lending platform Indifi
CX Partners and OP Finnfund Global Impact Fund I (the first Finnish global emerging markets impact fund) along with existing investors CDC Group (the UK’s development finance institution), Omidyar Network, Elevar Equity, and Accel, have invested 19 million US dollars in Series D round of Equity Capital raise for Indifi Technologies, a digital financial services […]
Read moreNovember 24, 2021
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
Digital banking transformation is no longer an attractive option for banks but crucial for survival
Financial inclusion aims individuals and businesses to have access to useful and affordable financial products and services that meet their needs. As World Bank highlights, a transaction account is a first step towards broader financial inclusion. Once people have bank accounts, they are more likely to use other financial services, such as credit and insurance. […]
Read moreSeptember 29, 2021
Finnfund’s investment in digital connectivity increases access to internet in East, Central and Southern Africa
Finnfund provides a 12 million US dollar senior loan to Bandwidth and Cloud Services Group (BCS), a telecom infrastructure provider operating in several African countries. With Finnfund’s help as a key project investor, BCS is expanding its operations in East, Central and Southern Africa. The project increases reliability, accessibility and affordability of the internet when […]
Read moreAugust 13, 2021
The great digital divide – investing in access, inclusivity, and equality
The COVID-19 pandemic has given rise to a new wave of technological enthusiasm. Businesses and policymakers are imagining the post-COVID world where physical location, thanks to digital connectivity, loses importance. Surely, if this is the case, then we could solve some of the most complex issues of our time? A teacher in Finland could educate […]
Read moreApril 15, 2021