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Funding private projects in challenging markets

Funding private projects in challenging markets. Hanna Skelly / Tanzania - Finland Business Prospects seminar 6 Oct 2010 Dar Es Salaam. Finnfund in brief. Finnish Fund for Industrial Cooperation Ltd. (Finnfund) – development finance institution

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Funding private projects in challenging markets

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  1. Funding private projects in challenging markets Hanna Skelly / Tanzania - Finland Business Prospects seminar 6 Oct 2010 Dar Es Salaam

  2. Finnfund in brief • Finnish Fund for Industrial Cooperation Ltd. (Finnfund) – development finance institution • State of Finland 89,0 %, Finnvera Plc 10,9 %, Confederation of Finnish Industries EK 0,1 % • Founded in 1980 • Office in Helsinki, staff of 45 persons • Member of European Development Finance Institutions (EDFI) • Risk capital for projects in developing countries and Russia • Investment criteria include:- profitability - social and environmental responsibility - development impacts

  3. Finnfund in numbers, 31 August 2010

  4. Finnfund’s target countries by income level

  5. What does Finnfund finance? • Profitable private projects • establishment or additional investments • from small and medium-sized companies to large companies • in different sectors • Positive development and environmental impacts • Finnish interest • In developing countries and Russia

  6. Finnish interest • Finnish partner • Long-term partnership • e.g. subcontractor, raw material producer, long-term customer • Transfer of Finnish technology • Significant positive environmental impacts • e.g. renewable energy and energy efficiency • In low-income countries also co-financing with other development finance institutions

  7. What is Finnfund’s role? • Financial investor with minority stake, EUR 1-10 million • Long-term investor • Sharing country risks • Sharing political risks • Expert of development financing • Partner of the project sponsor with industry knowledge

  8. European Development Finance Institutions Norway Sweden United Kingdom Finland SOFID Portugal Belgium the Netherlands Germany Belgium France Denmark Italy Austria Spain Switzerland

  9. European Financing Partners • Co-financing for large projects in Africa, the Caribbeanand the Pacific • Way for an EDFI member to arrange financing for its clients • Financiers other development finance institutions and EIB • 1 € → 4 € • Loans, equity, mezzanine financing or guarantees

  10. Financial instruments • Equity - risk-sharing as a minority shareholder • Mezzanine - subordinated and convertible loans • Loans - medium to long-term investment loans • Guarantees to local financiers

  11. Portfolio and commitments - geographical distribution(total EUR 464 million), 31 August 2010 (total number of commitments 138)

  12. Portfolio and commitments by sector (total EUR 464 million), 31 August 2010 (total number of commitments 138)

  13. Finnpartnership - Finnish Business Partnership Programme • Financed by the Ministry for Foreign Affairs, operated by Finnfund • Goal to increase business cooperation between companies in Finland and developing countries • New business opportunities and partners (Matchmaking) • Advisory services and Business Partnership Support Facility (grant) for Finnish companies www.finnpartnership.fi

  14. Contacts • www.finnfund.fi • firstname.lastname@finnfund.fi • tel. +358 9 348 434 • Uudenmaankatu 16 BFI-00120 Helsinki, Finland

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