Norfund, established in 1997, is a Norwegian government organization based in Oslo. It is an economic development agency that provides equity, risk capital, and loans to businesses in selected countries and sectors where access to capital is scarce. Its primary focus is Sub-Saharan Africa, with additional investments in South East Asia and Central America. Norfund aims to contribute to poverty reduction and economic development in these regions by supporting sustainable businesses through strategic minority investments.
Executive Vice President, Green Infrastructure and Scalable Enterprises
Kjell Roland
Managing Director and CEO
Lisa Thomsen
Senior Investment Manager, Clean Energy
Kristoffer Valvik
Investment Manager
Donald Kariuki
Investment Manager
Past deals in Ethiopia
Verde Beef Processing
Private Equity Round in 2017
Verde Beef Processing PLC is a beef production company located in Adami Tulu, Ethiopia, established in 2014. The company operates a feedlot on a 1,300-hectare farm, specializing in cattle farming and industrial livestock production. Verde Beef is involved in the processing of raw beef and exports its products to markets in the Middle East, Africa, and Asia, offering premium quality Ethiopian beef. Led by experienced agribusiness managers, Verde Beef aims to enhance the local agribusiness landscape while meeting international demand for high-quality beef products.
Freight in Time
Private Equity Round in 2016
Freight in Time Limited is a logistics company based in Nairobi, Kenya, specializing in integrated freight and supply chain solutions across East Africa, including South Sudan, Ethiopia, and Djibouti. Established in 1998, the company offers a range of services, including sea freight, air freight, project cargo, express and courier services, as well as warehousing and distribution. Its operational footprint extends across key sectors such as perishables, pharmaceuticals, telecommunications, humanitarian relief, and oil and gas. Freight in Time provides both regional cross-border air and road freight services, along with full truckload and less than container load solutions, ensuring comprehensive support for its clients' logistical needs at major ports, airports, and border points throughout the region.
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