News

We are looking for a (Junior) Investment Analyst to join our analyst team

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 200–250 million euros in 20-30 projects, emphasising renewable energy, sustainable forestry, sustainable agriculture and financial institutions. Today Finnfund’s investments and commitments total about 957 million euros, […]

August 19, 2020

Finnfund provides US$10 million loan to First National Bank Ghana to strengthen capacity in Ghanaian financial sector

Finnfund, a Finnish development finance company and impact investor, has provided a US$ 10 million senior loan to First National Bank Ghana Ltd. One of the key objectives of Finnfund’s investment is to support the Ghanaian financial sector and the growth of small and medium-sized enterprises (SMEs), and in particular, foster affordable housing in the […]

August 17, 2020

Finnfund Insights analyzes the impacts of the COVID-19 on markets and businesses 

The COVID-19 pandemic is an unprecedented shock to the world economy. New Finnfund Insights discusses some of the main channels through which businesses in the developing world feel the impact from pandemic. “As a development finance institution, we have good visibility to how businesses in emerging and developing markets are affected,” said Minna Kuusisto, Finnfund’s Economist.  “While many newspapers are covering the immediate impacts the […]

July 3, 2020

CDC Group and Finnfund commit US$70 million to AfricInvest Fund IV

CDC Group and Finnfund today announce a US$70 million commitment to AfricInvest Fund IV, a generalist pan-African fund aiming to foster the growth of African enterprises across the continent. CDC, the UK’s impact investor and development finance institution, committed US$50 million and Finnfund, the Finnish development financier, committed US$ 20 million. With offices in cities […]

July 2, 2020

Finnfund invests in Proximity Finance to help reach more smallholder farmers in Myanmar

Proximity Finance, Myanmar’s first farmer-focused finance institution, signs a 14 million US dollar equity package with Finnfund, Nordic Microfinance Initiative (NMI) and Proparco. Proximity Finance was launched in 2010 as the microfinance arm of Proximity Designs, one of the largest agricultural services platforms in Myanmar, that provides farm technology, agronomy advice and financial services to […]

July 1, 2020

2X Challenge exceeds initial target by committing and mobilizing $4.5 billion in capital towards women’s economic empowerment

Just two years after the launch of the 2X Challenge at the G7 Charlevoix Summit in Canada, the initiative has committed and mobilized a total $4.5 billion in gender-smart investments. Founding G7 DFIs contributed and mobilized $4.1 billion, surpassing the initial target of $3 billion by the end of 2020. DFIs remain the primary source […]

June 30, 2020

OP Finnfund Global Impact Fund I raised EUR 76 million in the first round of funding

OP Finnfund Global Impact Fund I raised EUR 76 million in the first round of funding. As the first Finnish impact fund to invest in emerging markets, the fund targets significant sustainability impacts in addition to profits. The fund made its first close on 17 June 2020. For example, Finland’s Church Pension Fund, Security Trading […]

June 17, 2020

Robert Wihtol: Finnfund to step in where we are needed the most

“During the pandemic, we have to be prepared to step in where we are needed the most”, says Mr Robert Wihtol. The new Chair of Finnfund’s Board of Directors, appointed this April, finds Covid-19 a great challenge but also an opportunity to finance innovative companies. Most importantly, the current situation offers Finnfund an opportunity to […]

May 27, 2020

Ritva Laukkanen: Privileged to be part of Finnfund’s transformation

Is this the new normal, asks Ritva Laukkanen, Finnfund’s former Chair of the Board of Directors, in the midst of the Covid-19 crisis. After being part of a major transformation in recent years, Laukkanen believes that Finnfund is well positioned to face the crisis. How does it look like when looking back on those years […]

Impact study highlights the transformative nature of jobs in one of the poorest counties in Kenya

Creating and supporting decent jobs is Finnfund’s key objective. A study by Niras Kenya on Socio-Economic Impact of Lake Turkana Wind Power in Marsabit highlights the transformative nature of jobs in one of the poorest counties in Kenya. The study found that with a job at the company, employees’ incomes more than doubled to nearly EUR 900 […]

May 26, 2020