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We publish news and press releases about our investments and other current topics.

Investors support Hewatele in its efforts to bring affordable medical liquid oxygen to healthcare facilities in East Africa

Hewatele, a medical oxygen producer in Kenya, has secured a 20 million USD funding package from Finnfund, DFC (the U.S. International Development Finance Corporation), SEDF (Soros Economic Development Fund), UBS Optimus Foundation and Grand Challenges Canada. Hewatele will use the debt and equity funds raised to finance the building of a liquid oxygen(LOX) manufacturing facility […]

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Ivory Coast’s successful Eurobond issuance raises hopes for easing Africa’s funding squeeze

For almost two years, the Sub-Saharan African economies have not received financing from international bond markets. Last week, there was a positive turn, as Ivory Coast successfully issued two Eurobonds. This raises hopes that the financing and debt crisis in Sub-Saharan Africa will begin to ease. The Covid-19 pandemic, the political uncertainty caused by the […]

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Let’s talk biodiversity – Finnfund’s nature and biodiversity statement in preparation

“Biodiversity is life in all its forms and the protection of life,” said Sami El Geneidy, Doctoral Researcher and Biodiversity Footprint Team Lead at the University of Jyväskylä. On 25th of January, Finnfund organised a workshop to discuss biodiversity and the role of investors in mitigating the negative impacts and enhancing positive impacts of businesses […]

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Finnfund is one of the investors enabling the growth of TBC’s green loan portfolio in Georgia

TBC Bank Group PLC (“TBC PLC”) announces that its subsidiary, JSC TBC Bank (“TBC Bank”), has signed a syndicated subordinated loan agreement in the amount of EUR 80 million with the Dutch entrepreneurial development bank FMO and its syndicate members. The loan facility bears a maturity of ten years and qualifies as Tier 2 capital […]

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Finnfund issues a EUR 100 million green bond

Finnfund, a Finnish development financier and impact investor, issues a EUR 100 million green bond. The 10-year bond bears interest at the rate of 3.5% per annum. The bond offering was placed to international investors, including a portion of dedicated green bond investors/portfolios. The bond represents Finnfund’s first ever green transaction and second issuance under […]

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Hanna Loikkanen appointed Finnfund’s Chief Investment Officer

Hanna Loikkanen, M.Sc., who has a long experience working as a board professional and in international investment management positions, has been appointed as the Chief Investment Officer of the state-owned development financier and impact investor Finnfund. Loikkanen will start as Finnfund’s CIO in January 2024. “Hanna has extensive experience in successfully financing private companies in […]

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Finnfund’s Annual Report awarded as the best annual report of the year in Finland

Finnfund’s 2022 Annual Report has been selected as the best annual report of the year in the “Oma Media” competition of Procom, The Finnish Association of Communication Professionals. Finnfund’s annual report was praised as a balanced and visually high-level entity that reflects the company’s operations well. “We are glad and grateful for this recognition,” said […]

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Finnfund’s investment bridges the digital divide in South Africa with help of technology from Nokia

Approximately 80 % of homes in South Africa remain unserved by fast and affordable broadband internet. Fiber access is expensive and limited to affluent suburbs, perpetuating the digital divide. Moreover, micropayments are prohibitively expensive due to high bank transaction fees leading to a cash-based mindset. Finnfund has decided to invest 2 million euros in the […]

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Martti Ahtisaari in memoriam

We would like to express our deepest condolences for the passing of the former President of Finland, the Nobel Peace laureate, and former member of the Board of Directors of Finnfund. President Martti Ahtisaari served as board chair in 1986-88 and was otherwise an important supporter for the company in the 1980s and 1990s. His […]

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