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.

Sarita Bartlett

Investment Manager of Social, Environment and Governance (SEG)

Vegard Benterud

Investment Director, Funds

Bernt Christian Brun

Vice President, Funds

Nic Christoforou

Senior Investment Manager

Cathrine Kaasen Conradi

Chief Financial and Risk Officer & Head, Human Resources

Mark Davis

Executive Vice President, Clean Energy

Elin Ersdal

Investment Director Food and Agribusiness

Vegard Halvorsen

Investment Director

Birgette Kolrud

Senior Investment Manager

Chishamiso Mawoyo

Investment Director, Southern Africa

Teeranun Newachuen

Senior Investment Associate

Kristin L. Sellevold

Senior Investment Manager, Funds

Hege Holst Skalmerud

Investment Manager

Tellef Thorleifsson

Chief Executive Officer

Andrew James Tillery

Senior Investment Manager

Past deals in Uganda

DFCU Bank

Private Equity Round in 2013
DFCU Bank, established in 1964 and headquartered in Kampala, Uganda, is a prominent financial institution offering a wide range of commercial banking products and services. The bank provides savings and investment accounts, personal and corporate credit, trade finance, and foreign exchange trading, alongside internet and mobile banking solutions. DFCU Bank also specializes in providing medium and long-term financing to various sectors, including agro-processing, education, health, manufacturing, transport, hospitality, tourism, and construction. With a network of 63 branches and 100 ATMs, DFCU Bank plays a significant role in promoting small and medium enterprises (SMEs) and supporting women in business, contributing to the economic development of Uganda. DFCU Limited operates as a subsidiary of Arise B.V.

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.

Green Resources

Private Equity Round in 2009
Green Resources is a afforestation company and a leader in East African wood processing. The company has 40,000 ha of standing forest in Mozambique, Tanzania and Uganda, established through its own planting activities. It operates East Africa’s largest sawmill in Tanzania and electricity pole and charcoal plants in Mozambique, Tanzania and Uganda.