Finland - Nigeria Business Seminar and Finance Workshop 10.12.2012

1. Finland – Nigeria Business Seminar
Finance Workshop
10 December 2012

2. Opening
Some observations on Nigeria
• Exports from Finland to Nigeria 23 million euros in 2011 (- 51 % y-o-y)
• Imports from Nigeria marginal
• Ranks 131/185 in the Doing Business rankings of the World Bank
– 23 in getting credit
– 70 in protecting investors
– 88 dealing with construction permits
– 98 in enforcing contracts
– …but 178 in getting electricity
• Is finance a constraint to developing the relationship to the next level?
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3. Finland – Nigeria Business Seminar
Brief Finnfund Presentation
Finance Workshop
10 December 2012

4. Finnfund in brief
• Finnish Fund for Industrial Cooperation Ltd. (Finnfund)
– development finance institution
• State of Finland 91.2 %, Finnvera Plc 8.7 %, Confederation of
Finnish Industries EK 0.1 %
• Founded in 1980
• Office in Helsinki, staff of 51 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
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5. Finnfund in numbers, 31 August 2012
Shareholders’ capital EUR 198 million
Portfolio EUR 272 million
Portfolio and undisbursed
EUR 408 million
commitments
Total assets EUR 313 million
Number of investments 122
Number of investment countries 28
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6. Finnfund’s target countries by income level
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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
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8. Portfolio and commitments - geographical distribution
(total EUR 408 million), 31 August 2012
Eastern
Europe & International
Central Asia 31
48
Asia 99
Latin America
62
The
Mediterran-
ean 1 Africa 167
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9. Portfolio and commitments by sector
(total EUR 408 million), 31 August 2012
Other 39 Forestry 46
Resource
Funds 124 based
industries 75
Manufactur-
ing 32
Energy and
Other environment 33
infrastructure 32 Hotels 14
Telecommuni- Health
cations 9 services 4
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10. Investment portfolio (EUR million)
250
200
150
100
50
0
2007 2008 2009 2010 2011
Equity Funds Loans
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11. Contacts
• www.finnfund.fi
• firstname.lastname@finnfund.fi
• tel. +358 9 348 434
• Uudenmaankatu 16 B
FI-00120 Helsinki, Finland
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