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Year 2019


In 2019, Finnfund continued to expand its portfolio while maintaining a tight focus on high-impact investments in low-income countries. We made significant strides towards our strategic goal of tripling impact by 2025 without compromising the profitability or sustainability of our investments.

Read more about Finnfund’s year in the Annual Review.

Annual Review 2019 (pdf) Financial Statements 2019 (pdf)



million euros

Expected impact good or excellent


of new investment decisions

New investment decisions


million euros

Of new investment decisions


targeted countries in three lowest income categories
(€, OECD, DAC)

Finnfund investees generated


direct jobs (2018)

Finnfund investees generated


GWH of clean energy (2018)

Chief Executive Officer’s review

“What I am most proud of, though, is our recent work on gender investing.
Finnfund adopted a gender statement to guide our investment decisions to better promote gender equality and women’s economic empowerment. We joined the 2X Challenge, which aims to collectively mobilise USD 3 billion in commitments for women’s economic empowerment in developing countries.”


Chief Executive Officer’s review (pdf)


Jaakko Kangasniemi CEO of Finnfund

Watch the video


In 2019, Finnfund’s investment portfolio grew to 617 million euros. Seventy-eight per cent of new investment decisions target the least developed countries and countries of low or lower-middle income, in which the need for sustainable investments is the highest. Most of our new investment decision targeted Africa.

One of our investees is Sanergy in Kenya. The Fresh Life outdoor toilets, installed by Sanergy, help solve the sanitation problem while providing work and livelihood for the residents in the area. Sanergy employs over 250 people, and more than 60 per cent of them live in Nairobi’s unofficial settlements. In addition, more than 1,200 entrepreneurs operate according to a franchise model.

Read more about our investments