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 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… News 28 November 2025 Best wishes for the holiday season and a happy New Year! News 25 November 2025 Finland and the EU launch major programme targeting to mobilise up to 2 billion euros for projects that advance digitalisation in Africa, Asia and Latin America Finnfund, a Finnish impact investor, is joining forces with the European Union to launch… News 22 October 2025 Finnfund and OeEB invest in CRDB Bank Burundi to support financial inclusion Finnfund, the Finnish development financier and impact investor, and OeEB, the Development Bank of… News 14 October 2025 Merja Rissanen returns to Finnfund as Chief People Officer: “Culture does not emerge on its own” Merja Rissanen has been appointed as Chief People Officer at Finnfund and joins the… News 11 September 2025 Finnfund’s economist Tangeni Shatiwa: “Investor confidence in Nigeria got a boost” The current government of Nigeria has implemented a series of bold policy reforms to… News 27 August 2025 Finnfund closed a 4 million US dollar debt investment with Kenyan Poa Internet to expand affordable broadband Finnfund closed a 4 million US dollar debt investment with Poa Internet Kenya Ltd.… News 22 August 2025 Finnfund announces successful first closing of Finnfund Digital Access Impact Fund I LP Finnfund, a Finnish development financier and impact investor, announces the first closing of Finnfund… News 21 August 2025 Notice of voluntary total redemption of notes due 24 October 2025 Finnish Fund for Industrial Cooperation Ltd (Finnfund) as the Issuer hereby gives notice to… News 30 June 2025 Wave raises EUR 117 million to accelerate financial inclusion across the African continent Wave Mobile Money, Africa’s fastest-growing mobile money platform, has raised EUR 117 million in… Scroll left Scroll right