In Stavanger next week? Join us for an evening with focus on renewable energy in emerging markets!⚡🔌 Together with Norad - Norwegian Agency for Development Cooperation and Corporate Communications we welcome you to join us for presentations, panels and networking at Kraftwerket from 18:00☀️
Norfund
Risikokapital og forvaltning for aktiv eierkapital
Oslo, Oslo 45,070 følgere
Norfund creates jobs and improves lives by investing in businesses that drive sustainable development.
Om oss
Norfund - The Norwegian Investment Fund for Developing Countries, is owned by the Norwegian Government and serves as an instrument in Norwegian development policy. Norfund contributes to poverty reduction and economic development in the poorest countries through investments in profitable businesses and transfer of knowledge and technology. Norfund invests equity and/or debt capital, always as a financial minority together with partners, international or Norwegian. The main sector for investment is clean energy. Norfund is Norway's biggest investor in microfinance through the Norwegian Microfinance Initiative (NMI), and is also a prominent investor in small and medium sized businesses through regional funds and direct investments. Norfund's geographical focus is on Sub-Sahara Africa, where the fund has three regional offices (Nairobi, Cape Town and Accra). In addition, Norfund invests in selected countries in Asia and Latin America, with regional offices in Costa Rica and Bangkok. Norfund seeks to hire local staff in the regions, and 15 nationalities are represented among the staff.
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http://www.norfund.no
Ekstern lenke til Norfund
- Bransje
- Risikokapital og forvaltning for aktiv eierkapital
- Bedriftsstørrelse
- 51–200 ansatte
- Hovedkontor
- Oslo, Oslo
- Type
- Offentlig virksomhet
- Grunnlagt
- 1998
- Spesialiteter
- Frontier market investments, Renewable energy investements, Agricultural investments, Private Equity, Venture capital, Financial Sector Investment
Beliggenheter
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Primær
Klingenberggata 4
Oslo, Oslo 0161, NO
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Ansatte i Norfund
Oppdateringer
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Last week SeABank invited us for a signing ceremony for the $30 million convertible loan investment from Norfund 🤝 Only 31% of Vietnamese people above 15 have a bank account, and 62% of small and medium sized enteprises have unmet financing needs 🏦 “Financial inclusion is at the core of Norfund’s mandate and is aligned with SeABank’s strong commitment to finance and support individual customers and SMEs in Vietnam. Norfund and SeABank’s partnership will look to be a catalyst to help uplift the unbanked and underbanked in the country.” says our Asia director, Fay Chetnakarnkul
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We are proud to announce our partnership for green infrastructure with Veolia 🤝 The partnership aims to develop, finance, build and operate solutions that offer low-carbon energy, optimized water cycle and sustainable waste management on the African continent♻ 🌍 Read more about it here: https://lnkd.in/d5mAYvyr
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We are investing $20 million in Apis Partners' new fund! The Apis Growth Markets Fund III continues to focus on pivotal trends such as cashless payments and embedded finance, to increase financial inclusion and enhance livelihoods in Africa and South/Southeast Asia🧑💻📱 Read more about the investment, and our FinTech strategy: https://lnkd.in/dHU29362 👈
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Three exiting news for the Climate Investment Fund in Indonesia! This morning we had the honor of having the Energy Minister of Norway, Terje Aasland, and of Indonesia, Arifin Tasrif present as we signed three agreements: 🌞 🏢 25 million USD equity investment in Xurya Daya Indonesia, for rooftop solar rental 🔋 🌞 Partnership with EMITS - Empat Mitra Indika Tenaga Surya on integrated solar- and battery facilities on remote islands 💧 ⚡ Partnership with Tinfos AS on small scale hydro “Norway and Indonesia have had close energy cooperation over the past thirty years. The Climate Investment Fund contributes to further strengthening this collaboration", said Terje Aasland. Norway was one of the countries that contributed on a Just Energy Transition Partnership with Indonesia in 2022, where Norways pledge was that up to 280 million USD could be invested by the Climate Investment Fund in the Country.
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"Achieving a just transition, means investing in sectors that are key to development including sectors with potentially high emissions, with the aim of decarbonising those over time", said Karoline Teien Blystad, our Senior Manager for Climate and Impact to AsianInvestor during the Norfund Conference. Read more about our work towards net-zero, reflections on energy transition from Norway's Foreign Minister, and insights from Clara Barby of Just Climate on impactful capital allocation: https://lnkd.in/dyz-TGmG 👈 All sessions from the Norfund Conference are available https://lnkd.in/dcStQyH3 👈
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Norfund has granted a US$30 million convertible loan to SeABank with the aim to increase financial access for SMEs in Vietnam, driving sustainable development and creating jobs. “The partnership between SeABank and Norfund shares the joint purpose of impacting Vietnamese economy growth in general, while enhancing financial access for SeABank’s SMEs and retail banking customers in particular. The loan also support the Bank’s sustainable development strategy to the utmost in the upcoming period”, says Ms. Le Thu Thuy – Vice Chairwoman of the BOD, SeABank. The investment will contribute to the Bank’s strategic goals of improving financial access for SMEs, individual customers, and microenterprises in Vietnam; to be the additional sources of finance to fulfill their long-term capital demands. The loan can be converted into common shares of SeABank within a 4-year term. “Financial inclusion is Norfund’s core mandate and is aligned with SeABank’s strong commitment to finance and support retail banking customers and SMEs in Vietnam. Norfund and SeABank’s partnership will look to be a catalyst to help uplift the unbanked and underbanked in the country,” says Ms. Fay Chetnakarnkul, Regional Director Asia in Norfund.
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The annual report for 2023 shows that Norfund’s investees are delivering record results in terms of new jobs, avoided emissions, and increased tax revenues 👏 Our investees provided: 👷♂️ 37,200 new jobs 💳 11.5 million new clients with access to financial services and 🔌420,000 new households with access to electricity 🧾 NOK 32.7 billion in taxes paid We are proud to report: 📈 An IRR of 4.8% since inception. 🏭That projects financed by the Climate Investment Fund in 2023 are expected to avoid 8.5 million tons CO2e Explore the report: https://lnkd.in/dqTXsB_q 👈
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🌿 Transforming the Cashew Industry in Cote d’Ivoire! 🌿 Traditionally, cashews from Cote d’Ivoire are exported raw for processing in Vietnam and India before being shipped to end markets in Europe and the US, making for a lengthy and costly journey 🌍 🚢 With a €9 million investment from Norfund investee AgDevCo, Cashew Coast is set to double its processing capacity to 19,000 tonnes annually. This expansion will not only boost local employment, benefiting the 750 employees and over 7,000 smallholder farmers, but also ensure higher prices for fully traceable, organic cashew nuts. Norfund is already invested directly in local cashew processing in Cote d’Ivoire since 2022 through Valency International Trading SARL, a subsidiary of Valency International Pte Ltd. which will soon commission a 45000 tons RCN processing plant on the outskirts of Abidjan. These consecutive investments, continue to demonstrate Norfund commitment to its development mandate - creating value at origin in our respective markets in West Africa.
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🌞 Norfund invests USD 20 million in candi solar! 🌞 We're excited to announce that the Climate Investment Fund is investing in candi solar to bring affordable and clean solar energy to SMEs in India and South Africa 🔌 “There is great untapped potential in these countries for giving smaller businesses access to affordable and clean energy from solar power,” says Sofie Kamsvåg, Investment Manager at Norfund. This investment is part of a USD 38 million funding round to deliver innovative solar and financial solutions, aiming to build an additional 200 MW in solar projects. The total expected energy production of 571 GWh will avoid 493,000 tons of CO2 annually 🏭
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