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

Finnfund invites comments on the human rights statement draft

Preparing to its human rights statement, Finnfund wishes to give all those willing to comment on the first draft a chance to do so. Comments can be submitted until 14 November. Finnfund’s mission is to build a better world by investing in responsible and profitable businesses in developing countries. Finnfund holds human rights in high […]

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Wind power replaces imported oil in Cape Verde

Cabeólica wind farms in the West African island state Cape Verde cover more than 14% of the country’s current energy demand. Besides the obvious climate impact, the wind farm has generated economic growth, jobs and improved income for the benefit of Cape Verdeans. In spring 2018, Finnfund commissioned an external evaluation of the project’s impact. […]

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FinDev Canada and Finnfund sign cooperation agreement to advance the sustainable development goals

The Development Finance Institutions will seek joint engagement opportunities and collaborate on best practices to contribute to the SDGs. The Development Finance Institutions (DFIs) of Canada and Finland, FinDev Canada and Finnfund, signed a Memorandum of Understanding (MoU) to foster cooperation to advance the Sustainable Development Goals. Finnfund and FinDev Canada share a common focus […]

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Finnfund to finance a power plant to reduce the emissions from a steelworks in Bosnia Herzegovina

Finnish development financier Finnfund has committed 1,8 million euros to a power plant in the city of Zenica, in Bosnia Herzegovina. The power plant will utilize the coke and blast furnace gases from the Arcelor Mittal’s steelworks as fuel and significantly reduce the air emissions of the power production. The plant will replace an old […]

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Special risk financing instrument reintroduced

According to the Government’s ownership steering policy, the investment portfolio of the State’s development financing company Finnfund must invest in the poorest countries in particular, as well as in high-risk projects that have significant development impacts. In line with this policy, the Government has decided to reintroduce the special risk financing instrument worth EUR 75 […]

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New forestry fund projected to sequester 20 million metric tons of CO2

Finnish development financier Finnfund has committed 10 million USD to a new impact fund for sustainable forestry, the Arbaro Fund (Arbaro). Arbaro is projected to sequester over 20 million metric tons of CO2 in its lifetime and create more than 5,000 jobs in remote areas. Arbaro aims to invest in and actively manage a well-diversified […]

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Finnfund invests USD 19 million in Zain Iraq to rebuild Iraqi network

Finnfund today announced a USD 19 million loan to Iraq’s leading mobile network provider Atheer Telecom Iraq, known by its brand name Zain Iraq. Zain Iraq, a member of Kuwait-based Zain Group, has been operating in Iraq since 2004. The financing allows Zain Iraq to modernize its network in Northern Iraq as well as enhancement […]

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Lenita Toivakka to Finnfund Supervisory Board, Antero Toivainen to Board of Directors

The Annual General Meeting of the Finnish development finance company Finnfund has appointed Ms. Lenita Toivakka, MP, to its Supervisory Board and Mr Antero Toivainen to its Board of Directors. Lenita Toivakka served as Finland’s Minister for Foreign Trade and Development in 2014-16 and currently holds a seat in the Foreign Affairs Committee of the […]

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Finnfund updated its strategy

Finnfund’s Board of Directors has approved a new strategy for the company, setting operational guidelines until 2025. Finnfund’s mission is to build a better world by investing in responsible and profitable businesses in developing countries. The company’s vision is to be, by 2025, a valued partner and frontrunner in impact among European development finance institutions. […]

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Evaluation of Finnfund’s special risk financing completed – the focus successfully shifted to the poorest countries

The evaluation of the special risk financing, commissioned by the Ministry for Foreign Affairs, which is responsible for steering Finnfund’s operations, has been completed. According to the evaluation, the special risk financing has worked out as planned, as the focus of Finnfund’s investment portfolio has shifted to the poorest countries and to high-risk projects with […]

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