Norfund is an economic development agency based in Oslo, Norway, established in 1997. As an active and strategic minority investor, it provides equity, risk capital, and loans to support the growth of businesses in countries with limited access to capital, primarily focusing on Sub-Saharan Africa, as well as select regions in Southeast Asia and Central America. Norfund aims to foster sustainable business development in areas where the private sector is underdeveloped, by investing in small and medium-sized enterprises and other targeted sectors. The agency's approach is designed to create significant economic impact and promote long-term growth in these developing markets.
Executive Vice President, Green Infrastructure and Scalable Enterprises
Kjell Roland
Managing Director and CEO
Lisa Thomsen
Senior Investment Manager, Clean Energy
Tellef Thorleifsson
CEO
Kristoffer Valvik
Investment Manager
Donald Kariuki
Investment Manager
Past deals in SADC
Bayport Financial Services Zambia
Debt Financing in 2024
Bayport Financial Services Zambia is a micro-finance institution in Zambia.
Pele Green Energy
Debt Financing in 2023
Pele Green Energy is an Independent Power Producer focused on the development, ownership, procurement, construction, and operation of renewable energy power projects in Africa. The company specializes in both small-scale embedded generation and utility-scale power plants, positioning itself as a leading participant in South Africa's Renewable Energy Independent Power Producer Procurement Programme. By delivering electricity generated from renewable sources, Pele Green Energy aims to contribute to sustainable energy solutions in the region.
Ecobank
Post in 2023
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, provides a range of retail, corporate, and investment banking services across Africa and internationally. Its operations include Corporate & Investment Banking, Commercial Banking, and Consumer Banking, offering products such as current and savings accounts, loans, cards, and digital banking services. The bank serves a diverse clientele, including individuals, small and medium enterprises, multinationals, government agencies, and non-governmental organizations. With a network of 888 branches and over 2,460 ATMs, Ecobank facilitates various financial services, including treasury, cash management, remittance, and bancassurance. Subsidiaries such as Ecobank Nigeria Limited and Ecobank Zimbabwe Limited extend its services, focusing on commercial and retail banking tailored to local markets.
Lona
Venture Round in 2022
Lona is a manufacturer and exporter of citrus products based in Cape Town, South Africa. The company specializes in a diverse range of agricultural products, including grapefruit, mangoes, grapes, pears, plums, avocados, pomegranates, lemons, and oranges, as well as various vegetables. Through its operations, Lona aims to deliver high-quality produce to international markets, leveraging South Africa's favorable climate for citrus cultivation.
African Century Infrastructure Services
Private Equity Round in 2014
African Century Infrastructure Services offers equipment on lease to support the development of the oil and gas industry in Tanzania and Mozambique. It provides large scale machinery and other equipment such as forklifts and portable heavy duty cranes.
Real People Home Finance
Private Equity Round in 2010
Real People is a financial institution that offers credit to small enterprises and individuals who otherwise have limited access to financial services in South Africa and other countries in the region. Real People is one of South Africa’s largest non-banking independent financial services provider that has been operating in Southern Africa for more than 15 years. Real People is a consumer finance and mortgage financing institution that targets customers from previously disadvantaged communities, with low to moderate household earnings who would traditionally not qualify for credit from the banking institutions in South Africa.
Green Resources
Private Equity Round in 2009
Green Resources AS is a forestation and wood processing company based in Oslo, Norway, with operations in East Africa, specifically Mozambique, Tanzania, and Uganda. The company manages approximately 40,000 hectares of plantation forest and is recognized as a leader in East African wood manufacturing. It operates the region's largest sawmill in Tanzania, along with electricity pole and charcoal production facilities in all three countries. Green Resources specializes in producing a variety of wood products, including sawn timber, pallets, and charcoal, while also generating renewable energy from biomass and hydro power. Additionally, the company develops carbon offset projects and offers advisory services in carbon markets, focusing on sustainable development initiatives across Africa. Founded in 1995, Green Resources aims to meet the demands of both local and global markets through its diverse product offerings and commitment to sustainable practices.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.