News
We publish news and press releases about our investments and other current topics.
Minister Ville Tavio visits Kentegra’s state-of-the-art pyrethrum processing plant in Naivasha, Kenya
Finland’s Minister for Foreign Trade and Development Ville Tavio, accompanied by Finnish development financier and impact investor Finnfund, was one of the first visitors at Kentegra Biotechnology’s cutting-edge pyrethrum processing facility in Naivasha, Kenya. The visit underscores the strong collaboration between the Finnish government, Finnfund, and Kentegra in revitalizing Kenya’s pyrethrum industry. Kentegra Biotechnology Holdings […]
Read moreJune 17, 2024
Finnfund’s investment portfolio grew up to EUR 830 million – more focus on digitalisation and mobilisation of private capital
Finnfund, a Finnish development financier and impact investor, has published its Annual Report 2023. The report collates key information about Finnfund’s financial performance, sustainability, and impact. Last year, the company’s investment portfolio grew from EUR 810 million to EUR 830 million. Finnfund’s investments, commitments, and investment decisions totalled about EUR 1.23 billion at the end […]
Read moreMay 14, 2024
OP Finnfund Global Impact Fund I invests in the insurance sector to strengthen resilience in the Philippines
Triple P Capital, leading a group of investors, has completed the acquisition of an 85% stake in MAA General Assurance Philippines Inc. (“MAAGAP”) from MAA Group Berhad. The consortium of investors also include the International Finance Corporation (IFC), the German development finance institution DEG – Deutsche Investitions- und Entwicklungsgesellschaft MBH, Belgian Investment Company for Developing […]
Read moreMay 6, 2024
Draft act on the State’s new capital investment company sent out for comments – Finnfund not to be merged with the new Finnish Industry Investment
The Ministry of Economic Affairs and Employment will organise a consultation round on the draft act on the new state capital investment company from 10 April to 8 May 2024. The new company will be given an industrial policy task with a stronger focus on economic growth, renewal and promotion of investments. The Government proposal […]
Read moreApril 11, 2024
OP Finnfund Global Impact Fund I invests in AwanTunai to foster the digitalisation and growth of the MSMEs in Indonesia
OP Finnfund Global Impact Fund I, the first Finnish global emerging markets impact fund has invested USD 5 million in equity in AwanTunai, an Indonesian fintech company. AwanTunai offers affordable inventory purchase financing, integrated online ordering, and inventory management solutions to merchants and wholesalers across the country. Through this investment, OP Finnfund Global Impact Fund […]
Read moreApril 10, 2024
Lenna Koszarny, Horizon Capital: “This is the moment when Ukrainians need help the most”
Lenna Koszarny, Founding Partner and CEO of private equity firm Horizon Capital, and her team recently raised over $300 million in funding from international investors. Now Koszarny explains how the role of women in Ukraine’s economy has only increased since the start of the war, and what it’s like when air raid sirens sometimes interrupt […]
Read moreApril 4, 2024
BII and Finnfund continue their support to women-led micro-enterprises in Pakistan through Kashf Foundation
Today, both British International Investment (BII), the UK’s development finance institution and impact investor, and Finnfund announced their continuing support to Kashf Foundation (Kashf), one of the leading microfinance institutions in Pakistan. BII has committed $15 million US dollars while Finnfund has committed $10 million US dollars as follow on investments. In 2021, Finnfund and […]
Read moreMarch 14, 2024
New Finnfund Insights focuses on Vietnam
“Vietnam has enjoyed robust economic growth and development throughout the 2000s, and the country has succeeded in reducing poverty significantly,” says Nea Tiililä, Economist at Finnfund. New Finnfund Insights covers the economic and political situation as well as the investment environment in Vietnam. Vietnam is one of the fastest-growing economies in Southeast Asia and globally, […]
Read moreMarch 13, 2024
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 […]
Read moreFebruary 14, 2024
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 […]
Read moreFebruary 1, 2024