News

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 […]

June 15, 2023

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 […]

June 7, 2023

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 […]

May 26, 2023

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 […]

May 25, 2023

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 […]

April 28, 2023

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 […]

March 20, 2023

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 […]

March 16, 2023

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 […]

December 16, 2022

Finnfund invests 8 million US dollars in Menengai Geothermal Project in Kenya

Finnfund is one of the investors financing a geothermal project in Nakuru County, Kenya.  Globeleq, the leading private power company in Africa, has signed financing agreements with the African Development Bank (AfDB), Finnfund and the Eastern and Southern African Trade & Development Bank (TDB) with regard to the US$72 million debt funding for the 35MW Menengai […]

December 15, 2022

Season’s Greetings from Finnfund

December 14, 2022