Norfund

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.

Anders Blom

Investment Manager, Clean Energy

Fay Chetnakarnkul

Regional Director - Asia

Carlos Escobar

Senior Investment Manager, Financial Institutions

Naana Fynn

Regional Director - West Africa

Pal Helgesen

Investment Director

Panuvatvanich, Athivadee

Investment Associate

Ellen Rasmussen

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 a South African company specializing in renewable energy power projects. As an Independent Power Producer, it develops, owns, procures, builds, and operates both small-scale embedded generation and large utility-scale power plants. The company is a leading participant in the Renewable Energy Independent Power Producer Procurement (REIPPP) program in South Africa, focusing on projects that generate electricity from renewable sources to serve the African market.

Ecobank

Post in 2023
Ecobank Transnational Incorporated (ETI), a public limited liability company under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.

Lona Group

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 is a private equity firm established in 2008 and located in Grand Baie, Mauritius. The firm focuses on investments in various sectors, including food, financial services, real estate, and agriculture. Additionally, African Century Infrastructure Services, a subsidiary, specializes in leasing equipment to support the oil and gas industry in Tanzania and Mozambique. This division provides large-scale machinery and equipment, such as forklifts and portable heavy-duty cranes, to facilitate industrial development in these regions.

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.
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