Norfund

Norfund is a Norwegian government organization founded in 1997, based in Oslo, that focuses on reducing poverty and enhancing economic development in low-income countries. It serves as an active, strategic minority investor, providing risk capital, equity, and loans to businesses in regions where access to financing is limited. Primarily operating in Sub-Saharan Africa, as well as selected areas in Southeast Asia and Central America, Norfund aims to foster sustainable business growth in environments where the private sector is underdeveloped. The organization also invests in small and medium-sized enterprises (SMEs) to further support local economic initiatives. Through its investments, Norfund seeks to create a significant positive impact on the economies of the countries it targets.

Fay Chetnakarnkul

Investment Director, Head of Asia Region

Carlos Escobar

Senior Investment Manager, Financial Institutions

Finn Marum

Executive Vice President

Athivadee Panuvatvanich

Investment Associate

Kjell Roland

Managing Director and CEO

Lisa Huun Thomsen

Senior Investment Manager, Clean Energy

Tellef Thorleifsson

CEO

Past deals in Zambia

Advans Group

Private Equity Round in 2015
Advans Group is an international microfinance organization established in August 2005 and headquartered in Luxembourg. As the venture capital investment arm of Horus Development Finance, it specializes in providing equity, loans, and guarantees primarily to microfinance institutions across Africa, the Middle East, and Asia. Advans Group aims to strengthen local businesses, enhance job creation, and improve living standards, thereby promoting private sector-led economic and social development in these regions. One of its subsidiaries, Advans Tunisie, focuses on offering microfinance and credit solutions tailored for retailers, wholesalers, artisans, small industries, services, and small-scale farmers in Tunisia. As a majority shareholder in its investments, Advans Group typically assumes a lead role in the microfinance institutions it supports.

SN Power

Private Equity Round in 2013
SN Power invests in clean, renewable energy on commercial basis in emerging markets. The company has operations in Southeast Asia, Africa, and Central America and the focus is to acquire, develop, construct and operate hydropower assets. SN Power has several running Hydropower plants in The Philippines, Laos, Zambia and Panama, and the company consist of a multinational team of people employed globally in its operations and projects. In addition to the operating assets, SN Power has an office in Amsterdam, Netherlands and is Head-quartered in Oslo, Norway.

African Century Foods

Private Equity Round in 2013
African Century Foods (ACF) is Sub-Sahara Africa’s aquaculture producer with tilapia farms in Zimbabwe, Zambia and Uganda. Its supply of affordable, high-quality fresh protein is important in countries facing challenges related to the availability and affordability of food supplies.
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