African Water facility launches a new financing window for sanitation and climate NDF has announced its EUR 12 million financing to the
African Water facility launches a new financing window for sanitation and climate NDF has announced its EUR 12 million financing to the Africa Urban Sanitation Investment Initiative (AUSII), which is hosted by the African Development Bank and its African Water Facility, where NDF has been a co-financier and a strategic ally. AUSII will develop new business models and financial instruments, prepare bankable and investment-ready projects, and implement innovative and inclusive approaches that can inspire and be replicated. In the next 10 years, this initiative aims to provide 15 million people with safely managed sanitation services. NDF's Managing Director Satu Santala participated in the launch event of AUSII at the World Water Week in Stockholm. |
Investing in climate insurance helps small businesses and farmers build resilience Leveraging the success of its predecessor fund, launched in 2015, the InsuResilience Investment Fund II is a unique private equity fund that invests directly into the climate insurance value chain. Its aim is to create affordable climate insurance products for people and small- and medium-sized businesses in emerging markets where weather impacts are the most pronounced and least protected. The fund, co-financed by NDF and managed by BlueOrchard, is operating in Africa, Asia, Latin America and the Caribbean, and has a strong focus on the agriculture sector. In this case, helping small farm holdings build climate resilience and reduce vulnerability to the economic, social and environmental shock brought on by extreme weather events. “This is the first investment into the climate insurance sector for NDF,” says Program Manager, Isabel Leroux, who oversees the fund from the NDF side. NDF has invested USD 13.5 million with an additional USD 1 million in technical assistance. |
SOFF receives additional financing from NDF The NDF Board has decided to support the Systematic Observation Financing Facility (SOFF) with additional financing of EUR 6 million to close basic weather and climate observations gaps through financial and technical assistance. In June, the SOFF Steering Committee convened in Iceland for its 8th meeting. The Committee brought together financiers and other stakeholders to discuss the progress and strategic direction of the Facility. Satu Santala, NDF’s Managing Director, announced the additional financing for SOFF: “We are extremely proud to be part of this initiative, and we have seen it grow from close. This initiative provides a foundation to develop much needed adaptation solutions that save lives and livelihoods in regions, where climate change impacts are devastating. The additional EUR 6 million and our total financing is a testimony of how important and foundational we perceive SOFF to be.” |
Malena Rosman, Director, Portfolio Origination & Management Malena has joined NDF as Director for the Portfolio Origination & Management. She is Swedish by origin, brings 16 years of experience in international development from management positions in Sida and UNDP. Her focus has been development finance and catalysing private sector investments for the SDGs, being based in Stockholm, Dar es Salaam and New York. |
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Hanna Uusimaa, Environmental & Social Safeguards Lead Specialist Hanna has joined us as the new Environmental & Social Safeguards Lead Specialist. Prior to NDF, she has worked at the Asian Development Bank, Inter-American Development Bank, UNEP, and bilateral development projects, on climate change and disaster risk finance, natural resource management, and more recently policy and business process development. She brings around 20 years of experience from working in Asia, Pacific, Africa and Latin America. Hanna holds a Master's degree of Ecology and Evolutionary Biology from the University of Helsinki. |
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Kelly Keodara, Program Officer for EEP Africa Kelly has started as a Program Officer (Communications) in the Energy and Environment Partnership Trust Fund (EEP Africa). Kelly brings a wealth of expertise in communications. She holds an Executive Education degree from MIT Sloan School of Management in USA and a Master’s degree in Media Education from Tampere University in Finland. |
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Kim Niemi, Executive Assistant Kim has started as an Executive Assistant to Managing Director of NDF. Kim is an experienced Executive Assistant with a strong background in supporting leadership teams in private sector companies. Originally from Vietnam, she moved to Finland in 2014 to pursue her education. She is excited to bring her skills, strong working experience and global perspective to our international team. |
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Nordic leadership in addressing climate change and development challenges Together with our strategic partners, we develop, launch and scale high-impact projects to support developing countries and the most vulnerable people affected by climate change. |
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