Home News and publicationsNewsImpact study highlights the transformative nature of jobs in one of the poorest counties in Kenya News|26 May 2020Impact study highlights the transformative nature of jobs in one of the poorest counties in Kenya Creating and supporting decent jobs is Finnfund’s key objective. A study by Niras Kenya on Socio-Economic Impact of Lake Turkana Wind Power in Marsabit highlights the transformative nature of jobs in one of the poorest counties in Kenya. The study found that with a job at the company, employees’ incomes more than doubled to nearly EUR 900 a month. Salaries and employees‘ savings cooperative have had a tremendous impact on people’s wellbeing. Before employment, over 70% of employees’ households received relief aid. After employment, this dropped to 6%. Their houses now have concrete floors and roofs of iron sheets and 70% have solar panels. Over half of employees cook their food with gas instead of firewood as was the norm before. And their diet has changed from traditional milk and meat to also include vegetables, fruits, bread and rice. Much of the income is spent on children’s education, notably also daughters’ education. In addition to provision of jobs, the company has improved infrastructure in the area and supported provision of basic services such as water, health and education. The company refurbished over 200 kilometres of road that has enabled and increased transportation of goods and allowed people to move at affordable cost. Businesses have begun to flourish. Boreholes have reduced water borne diseases by 30%, child mortality has gone down due to better availability and quality of health services and education outcomes have improved with better furnished schools. Read the full study here More information: Juho Uusihakala Senior Development Impact Adviser, Finnfund juho.uusihakala (a) finnfund.fi tel. +358 50 549 3198 Categories: NewsImpact2020Africa Share: Link to Linkedin Link to Facebook Link to Twitter Link to Bluesky Latest news News and publications News 05 March 2026 Finnfund’s Economist Tangeni Shatiwa: A weaker dollar is steering global investors toward emerging markets International investors are now allocating funds to emerging market (EM) assets at the fastest… News 23 February 2026 Finnfund’s Hanna Loikkanen: Impact investing captivates private investors The allure of impact investing among private investors is surging, with an increasing number… News 19 February 2026 Finnfund expands support for digital infrastructure and climate action in South Sudan with follow-on investment in CREI Finnfund, the Finnish development financier and impact investor, makes a follow-on investment in Communication… News 29 January 2026 Finnfund’s Uusihakala: “Fixed broadband is the key to tackling poverty in developing countries” The three digital divides The Coverage Gap refers to people living in areas without… News 28 January 2026 Finnfund strengthens support to women entrepreneurs in Pakistan through Kashf Foundation Finnfund has announced a follow-on loan of 10 million US dollars to Kashf Foundation… News 26 January 2026 Finnfund’s Jussi Tourunen: “Energy solutions impact our planet’s future—Planetary boundaries now guide investment decisions” Investing in energy has become an increasingly central theme for development finance institutions such… News 22 January 2026 Softlogic Life sets up growth roadmap with long-term capital from OP Finnfund Global Impact Fund I and Norfund Softlogic Life Insurance PLC, Sri Lanka’s leading life insurer, has secured a landmark 15… News 21 January 2026 Finnfund announces new investment in Indian green financing Finnfund has announced a 12 million US dollars senior secured loan facility to Mufin… News 20 January 2026 Finnfund invests in Transvolt Mobility to support the electrification of heavy commercial vehicles in India Finnfund, the Finnish development financier and impact investor, announces a 15 million US dollar… News 04 December 2025 Finnfund’s Kuutti Kilpeläinen: “Fibre networks are the best way to bridge the digital divide and invest with impact in emerging markets” A major investment theme for next year: fibre networks. According to Kilpeläinen, fibre networks… Scroll left Scroll right