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Finnfund adapts its operations to protect staff and ensure continuity of business

Over the past weeks Finnfund has taken increasing measures to protect its staff and partners from the COVID-19 virus while securing the continuity of its business operations. We have limited all physical contacts to the very minimum and conduct our work and meetings online. As a responsible impact investor and development financier we have made […]

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Finnfund’s new Sustainability Policy finalized and approved

Finnfund’s new Sustainability Policy has been finalized and approved by Finnfund’s key decision making bodies, including Finnfund’s management, Board of Directors and Supervisory Board. The Sustainability Policy now applies to all new investments approved from March 2020 onwards. We’d like to thank all stakeholders involved in the revision process. The new overarching Sustainability Policy was […]

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Finnfund finances development of high-quality hospitals in Egypt and Morocco

Finnfund supports the development of high-quality hospitals in Egypt and Morocco together with other international financial institutions. Finnfund’s share of the total 125 million US dollar financing facility is 18,75 million. Thanks to the financing Humania, a private healthcare company, will be able to expand health services and improve medical care in Morocco and Egypt […]

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Bringing together executives of Africa’s most promising, fast-growing agribusiness

Last week, the African Cheetahs Roundtable was held in Nairobi, Kenya. Development finance institutions FMO, IFC, and Finnfund brought together executives of Africa’s most promising, fast-growing agribusiness companies (the “Cheetahs”) for a thought-provoking, interactive two-day roundtable. Exclusively for this roundtable, Prof. Peer Ederer analyzed strategic challenges faced by Cheetahs and explored solutions with the participants. Based on his […]

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Financial service providers boost women’s careers and entrepreneurship

Finnfund invests 10 million euros in the Advans Group, an international microfinance group, and 10 million US dollars in Bank of Georgia, leading universal bank in Georgia. Both investments strengthen women’s financial and economic position, and qualify for the 2X Challenge, a G7 initiative to mobilise financing for women’s empowerment. Since 2018, the 2X Challenge […]

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Modern agricultural technology increases productivity in Madagascar

The company JTF Madagascar SARL was established by the Italian renewable energy company Tozzi Green SpA in 2010 and is specialized in sustainable agriculture activities such as food crops and essential oils. Tozzi Green practices large-scale agriculture in Madagascar on an area of about 8,000 ha total, where it mainly cultivates corn and soybeans for […]

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Sustainable teak and cocoa plantation in Nicaragua scores top impact points

A project to expand FSC certified teak and UTZ certified cocoa plantations in the rural Siuna region of Nicaragua scores exceptionally high points in Finnfund’s development impact assessment. The high score is based on the project’s contribution to carbon capture, protection of fauna and curbing deforestation as well as the various social impacts, such as […]

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