6 posts found.
Selected Category: ICT
OP Finnfund Global Impact Fund I to join a financing package to improve broadband access in rural Indonesia
OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, has contributed USD 12.5 million to foster the work of Net1 Indonesia in bringing internet connectivity to underserviced areas in the fourth most populous country in the world. OP Finnfund Global Impact Fund I joins a group of investors, led […]
Read moreNovember 13, 2020
Mobile career boost – what we learned from the Bidi Bidi refugee camp
Did you know that 375 million African youths will become of working-age within the next 15 years according to the United Nations? Simultaneously, the size of the working-age population in Africa will reach 1.1 billion by 2035, surpassing that of China and India. By 2050, up to one third of all young people in the […]
Read moreJuly 3, 2020
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 moreApril 5, 2019
Finnfund invests USD 19 million in Zain Iraq to rebuild Iraqi network
Finnfund today announced a USD 19 million loan to Iraq’s leading mobile network provider Atheer Telecom Iraq, known by its brand name Zain Iraq. Zain Iraq, a member of Kuwait-based Zain Group, has been operating in Iraq since 2004. The financing allows Zain Iraq to modernize its network in Northern Iraq as well as enhancement […]
Read moreJune 26, 2018
Finnfund invests in financial services technology platform Jumo
Finnfund, a Finnish development finance company, has made an investment in Jumo, a financial services platform providing mobile financial services in emerging markets. JUMO is a multi-sided platform for Mobile Network Operators and Financial Service Providers. To date, JUMO has served over 5 million people in Africa and Asia using behavioural data from mobile usage. […]
Read moreNovember 1, 2017
Fuzu matches workers with jobs
It is hard to find a job in Nairobi. Even good qualifications do not open all the doors. The competition is ruthless. There is no shortage of applicants and the number swells by a million each year. Nairobi, full of smart young university graduates, may be Africa’s toughest job market. Sylvia Biwott and Gregory Oyolo are […]
Read moreJune 15, 2017