Norfund has an increasing focus on Sub-Saharan Africa. In 2010 we invested appromiximately NOK 385 million in the region, and 46 per cent of new engagements were in Sub-Saharan Africa. Excluding investments in SN Power, the share was 70 per cent.

At the end of 2010 37 per cent of the portfolio was in Africa, 34 per cent in Latin America and 27 per cent in Asia. The large shares in Latin America and Asia are mainly due to SN Power’s investments in renewable energy. Excluding SN Power’s investments, 64 per cent of Norfund’s portfolio at year-end 2010 was in Africa.

Portfolio as of 31 December 2010 and new investments by region

Share of new investments in Africa