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 09 July 2026 Finnfund invests EUR 15 million in Bank Respublika to support green finance and MSMEs in Azerbaijan Finnfund is investing EUR 15 million equivalent in Azerbaijani manat in Bank Respublika, the… News 29 June 2026 Finnfund-backed Hewatele facility to cover 60% of Kenya’s oxygen demand Global supply disruptions can have very local consequences. In Kenya, recent disruptions in international… News 25 June 2026 EU Finnfund Global Connected Guarantee initiative expands to new regions and energy investments The European Union and Finnfund, a Finnish impact investor, have agreed to expand the… News 25 May 2026 Finnfund invests in landmark Ecobank Nature Bond to boost sustainable agriculture and biodiversity in Africa Finnfund has invested 15 million US dollars in a Nature Bond issued by Ecobank… News 04 May 2026 Finnfund’s portfolio totals 857 million euros – more focus on advancing digitalisation and mobilising private capital through EU guarantees Global tensions, shifting market conditions and growing geopolitical challenges shaped Finnfund’s operating context in… News 15 April 2026 Finnfund invests USD 15 million in Toucan Forestal to restore forests and advance nature‑positive impact in Panama Finnfund, the Finnish development financier and impact investor, has signed a 15 million US… News 08 April 2026 Finnfund makes its first investment in Kyrgyzstan with a 10 million US dollar loan to Bailyk Finance, one of Kyrgyzstan’s largest microfinance institutions Finnfund, the Finnish development financier and impact investor, has signed a 10 million US… News 16 March 2026 Finnfund Digital Access Impact Fund I invests in Ecofy to accelerate India’s retail green finance market Ecofy, a pioneering green NBFC backed by Eversource Capital, today announced the successful closure… 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… Scroll left Scroll right