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

Finnfund provides funding for 40 MW power plant in Argentina

Finnfund has provided a senior loan facility worth USD 20 million to Methax S.A. for building a power plant in Mendoza, Argentina. The project company Methax is owned by a power investor Grupo Galileo. The power plant is supplied by Wärtsilä. The power plant will generate electricity from liquefied natural gas (LNG) which will be […]

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Finnfund to provide an additional senior loan facility to Mobisol

Finnfund has provided an additional substantial senior loan facility to Mobisol, following an already provided senior loan in 2016 to Mobisol’s operations in Tanzania, Rwanda and Kenya. This additional funding, granted up to 10 million euros, will support Mobisol’s fast expansion in East Africa, where the company installed nearly 10 megawatts of capacity in those […]

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FMO and Finnfund finalize exit Agua Zarca

Two of the lenders of the Agua Zarca hydropower project in Honduras, FMO (Netherlands Development Finance Institution), Finnfund (Finnish Fund for Industrial Cooperation), together with owner and developer DESA, mutually agreed to end their existing contractual relations. This joint conclusion was reached after extensive consultations with a large number of local and international stakeholders and […]

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Solar brings electric light to Mary’s family

Mobisol sells individual solar systems to rural African households beyond the grid, paid for in low monthly instalments using mobile money. A secured loan from Finnfund is supporting the company’s growth in Africa. The aim is to raise living standards and increase the use of renewable energy. An old gutted Toyota Hiace van sits in […]

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Finnfund issues successfully a 5-year EUR 100 million bond

The Finnish Fund for Industrial Cooperation Ltd (Finnfund) has successfully priced a 5-year EUR 100 million private placement. The issue was oversubscribed, allocations were made to investors from Central Europe, Finland and Scandinavia. This transaction follows the EUR 50 million private placement made in 2013. It will further diversify the funding base and allow Finnfund […]

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Fuzu matches workers with jobs

It is hard to find a job in Nairobi. Even good qualifications do not open all the doors. The competition is ruthless. There is no shortage of applicants and the number swells by a million each year. Nairobi, full of smart young university graduates, may be Africa’s toughest job market. Sylvia Biwott and Gregory Oyolo are […]

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European development finance institutions met in Helsinki

EDFI, the association of European development financiers, held its annual meeting in Helsinki on 18-19 May. The group also celebrated 25 years of cooperation. One of the quest speakers was internationally renowned development economist Sir Paul Collier, professor of economics and public policy at the University of Oxford. “Development of the private sector is vital for […]

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Annual Report 2016 has been published

Read more about Finnfund’s activities in 2016 on our online Annual Report. Please visit https://annualreport.finnfund.fi/2016/en to learn more about our activities in 2016.  

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Finnfund to invest in Ethiopian poultry company – aiming to improve food security and living standards

By producing chicks which will provide eggs and poultry meat, EthioChicken supports families to improve their nutrition and livelihood, particularly in rural areas. Finnfund begins to finance EthioChicken, which aims to improve food security and reduce poverty in Ethiopia. By producing chicks which will provide eggs and poultry meat, the company supports families to improve their […]

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Frequently asked questions on the Agua Zarca run-of-river hydroelectric power generation project

The Agua Zarca Project is a proposed small-scale run-of-river hydro-electricity generation scheme of 21MW with an annual energy production of 99GWh. Finnfund has been one of the lenders since 2014. The other lenders of the Agua Zarca Project are the Dutch development finance institution FMO and CABEI (Central American Bank for Economic Integration). Finnfund participates […]

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