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

Finnfund and DFC commit 15 million US dollars in equity and loan financing to Kentegra Biotechnology to boost the expansion of pyrethrin production in Kenya

Kentegra Biotechnology was founded in 2017 and has quickly grown to become the leading pyrethrin producer in Kenya. Finnfund, the Finnish development financier and impact investor, and the United States International Development Finance Corporation (DFC), a development finance institution and agency of the United States federal government, participated in the funding round, which gathered equity […]

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Diving into the deep end of impact investing – Finnfund trainees share their experiences

For the spring/summer period of 2023, we were looking for trainees to work in our Compliance, Development Impact, Finance and Risk Management teams. One by one, the four trainees started working at Finnfund, quickly becoming important players in their teams. Once they had all started, our People and Culture team arranged a Trainee Day where […]

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Finnfund and FMO back SATYA MicroCapital with USD 35 million to make formal finance more accessible to women in India

Finnfund, the Finnish development financier and impact investor, and FMO, the Dutch entrepreneurial development bank, have announced a USD 35 million debt funding to SATYA MicroCapital Ltd, a Delhi-based RBI registered NBFC-MFI which provides affordable microcredit to women from low-income households across the rural areas of India. Finnfund invested USD 10 million ECB facility, with […]

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Solar panel production with Finnish know-how in Thailand: local conditions as a starting point for panel design

Solar Finland from Salo in Finland is a pioneer in solar energy. The first solar energy systems supplied by the company were commissioned more than 40 years ago and many of these systems are still operational. These sustainable, high-quality solar panels are now being produced at Salotech Thailand, a joint venture among Solar Finland, Finnfund […]

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Frontier markets are facing a credit crunch and heightened risk of debt distress

During the last decade, new sources of financing opened, especially for those lower-income countries catching up with emerging economies, many of which are called frontier markets[1]. The decade after the global financial crisis was characterised by ample liquidity and low interest rates in global financial markets and leading to investors seeking for yield in riskier […]

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Finnfund’s investment portfolio grew with a profitable result

Finnfund is a development financier and impact investor. Last year, the company’s investment portfolio grew from EUR 780 million to EUR 810 million. Finnfund’s investments, commitments and investment decisions totalled about EUR 1.22 billion at the end of the year. Africa remains Finnfund’s primary investment destination, accounting for 57 per cent of volume and 54 […]

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Finnfund’s 15 million USD investment in Horizon Capital Growth Fund IV provides growth equity capital to Ukrainian technology and export-oriented companies

Kyiv-based Horizon Capital Surpasses its 250 million USD target at in-person signing ceremony with president Volodymyr Zelenskyy and investors Horizon Capital, a U.S. private-equity firm investing primarily in fast-growing tech and export-oriented companies in Ukraine, announced that its latest fund, Horizon Capital Growth Fund IV, has reached $254 million at its Interim Closing held today […]

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Finnfund invests in Evolution III to foster the availability of clean energy and climate mitigation in Africa

Finnfund, a Finnish development financier and impact investor, has announced a USD 20 million commitment to Evolution III Fund, a Pan-African equity fund aiming to foster the availability and accessibility of clean energy and increase energy efficiency. Riikka Molander, Associate Director & Head of Funds at Finnfund said: “Our investment in Evolution III Fund marks […]

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Finnfund sells its shares in Lake Turkana Wind Power to BlackRock

– “Undeniably one of the best wind sites in the world” Finnfund, a Finnish development financier and impact investor, has entered into an agreement to sell its shares in Lake Turkana Wind Power Limited (LTWP) in Kenya, owning and operating the largest wind farm in Africa. Finnfund has been a shareholder in the company ever […]

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Finnfund and MLR Forestal to work on an innovative biodiversity remediation programme in Nicaragua

Finnfund, a Finnish development financier and impact investor, and MLR Forestal, a Nicaraguan agroforestry company, launched an innovative pilot project to restore 554 hectares of degraded forest lands with significant biodiversity potential in Nicaragua. MLR Forestal, established in 2013, a Finnfund investee since 2019, is an agroforestry company focusing mainly on production of teak and […]

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