News
We publish news and press releases about our investments and other current topics.
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 […]
Read moreJune 10, 2019
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 […]
Read moreMay 14, 2019
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, […]
Read moreMay 10, 2019
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 […]
Read moreApril 26, 2019
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 […]
Read moreApril 18, 2019
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 […]
Read moreApril 5, 2019
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 […]
Read moreApril 2, 2019
Seminar: Sustainable development and climate action from African forests
How are the forests in Africa doing? What are the most cost-effective climate actions and can deforestation be slowed down? Is there demand for sustainably produced wood? Why is it so difficult to get private funding? What could the EU do? Forests, food production and climate change are closely linked to one another, professor Markku […]
Read moreMarch 7, 2019
Finnfund invests in sustainable avocado farming in Tanzania
Finnfund, a Finnish development finance company, provides a EUR 2.5 million secured loan to Africado, a Tanzanian avocado producer. Sustainable avocado farming is a viable alternative for Tanzania’s Kilimanjaro region farmers whose livelihoods have been shaken by the plunging price of coffee. The price of coffee has fallen sharply in recent years primarily due to […]
Read moreFebruary 4, 2019
We are looking for an Environmental and Social Analyst
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 700 million euros, […]
Read moreJanuary 25, 2019