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Finnfund finances energy efficient solar power solutions in Nigeria’s banking sector

Finnish development financier Finnfund has signed a pioneering 5 million US dollar long-term senior debt financing to Starsight Power Utility Limited group. Starsight offers solar-diesel-battery hybrid generation and efficient cooling and lighting solutions to commercial and industrial clients throughout Nigeria. Starsight’s solution will cut the customer’s use of fossil fuels by up to 70% thanks […]

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2X Challenge group welcomes new members from the world of development finance

PRESS RELEASE Four new members have joined the founding group of seven industrialised countries committing to the “2X Challenge: Financing for Women”. The group behind the initiative, which aims to collectively mobilize $3 billion in commitments for women’s economic empowerment in developing countries, now includes the development finance institutions (DFIs) of the Netherlands (FMO), Sweden […]

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We are looking for a legal trainee

Finnfund is a Finnish development financier and professional impact investor. We build a sustainable world by investing in responsible and profitable businesses in developing countries. Each year we invest 150–200 million euros in 20-30 projects, emphasising renewable energy, sustainable forestry, sustainable agriculture and financial institutions. Today Finnfund’s investments and commitments total about 800 million euros, […]

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Stakeholders expect Finnfund to invest in climate action

Research company Innolink conducted a survey for approximately one hundred Finnfund stakeholders. The interview questions dealt with Finnfund’s visibility and image, its mission and success with it, as well as the quality of cooperation with stakeholders. The respondents included representatives of Finnfund’s investment projects, co-investors, civil society organisations, political influencers and academia. “This information is […]

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Finnfund invests in Ukraine’s largest windfarm

Finnish development financier Finnfund has decided to make a 15 million euro co-investment in the Syvash wind farm to be built in Kherson province, southern Ukraine. With a generating capacity of 250 MW, Syvash will be the largest wind farm in Ukraine. It will have significant impact on Ukraine’s energy security and contribute to the […]

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The bank-in-phone wasn’t a joke after all

Many things changed when two Ethiopian friends opened their first bank accounts. It is evening in the Ethiopian capital Addis Ababa. Horse entrepreneur Eyob Lema carries in his pocket a 100 birr banknote, his earnings for the day. The sum equals to about three euros. Thirty-year-old Eyob Lema is a typical Ethiopian in the sense […]

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Finnfund’s new Gender Statement guides future investment decisions

Finnfund has adopted a statement on promoting gender equality. The document compiles the measures through which Finnfund guides its investment decisions to better promote gender equality, women’s role in the markets, and women’s economic empowerment. The promotion of the rights of women and girls is a long-term priority of Finnish development policy and one of […]

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