Our investments

As a publicly-owned body, Norfund is accountable to a wide range of stakeholders, including the Government and the public. Norfund, therefore, aims to provide accurate information to all its stakeholders and other interested parties about its activities and investments.

Filter

  • Region

  • Country

  • Sector

  • Year

  • Domicile

  • Instrument

  • Company

  • Investering

  • Status

Investment Country Sector Year Domicile Instrument Original commitment (MNOK)
ACAF - Exited Regional Investment funds 2002 Mauritius 64.4
AMRET - Exited Cambodia Microfinance 2008 None 15.9
AMSCO - Exited Regional Financial services 2001 Netherlands 1.8
APIDC Biotech Fund India Investment funds 2005 Mauritius Fund 16.7
ARREND Central America Regional Financial services 2015 Guatemala Equity and loan 60.1
ASILIA (African Spirit Group Limited) Regional Tourism 2013 Mauritius Equity and loan 50.2
Abacus - Exited Regional Financial services 2007 None 11.9
Access Bank Nigeria Regional Banking 2017 Nigeria Loan 123.1
Acleda Bank Lao Ltd. Laos Banking 2014 Laos Loan 55.8
Across Forest AS Nicaragua Food and agribusiness 2012 Norway Loan 1.8
Adenia Capital Ltd II Regional Investment funds 2007 Mauritius Fund 41.4
Advans MFI Myanmar Company Limited Myanmar Microfinance 2015 Myanmar Equity 9.7
AfriCap Microfinance Investment C Regional Microfinance 2007 Mauritius Fund 17.4
Africa Health Fund (Aureos) Regional Investment funds 2011 South Africa Fund 67.7
Africado Ltd. Tanzania Food and agribusiness 2009 Mauritius Equity and loan 26.2
African Banking Corporation Zambia - Exited Zambia Banking 2011 Zambia 29.3
African Century Foods Ltd. Regional Food and agribusiness 2013 Mauritius Equity 100.0
African Century Infrastructure Services Ltd. Tanzania Other services 2014 Mauritius Equity and loan 58.3
African Century Nampula Mozambique Other industrial partnerships 2017 Mozambique Equity 5.0
African Century Real Estates Ltd. Mozambique Other industrial partnerships 2015 Mauritius Equity 124.6
Afrinord Hotel Investments Regional Tourism 2005 Denmark Equity and loan 57.5
Agri-Vie Regional Food and agribusiness 2010 South Africa Fund 54.6
Agri-Vie II Regional Food and agribusiness 2017 Mauritius Fund 122.9
Agrica Tanzania Food and agribusiness 2010 Guernsey Equity and loan 136.2
Agrivision Zambia Food and agribusiness 2012 Mauritius Equity 161.6
Agua Imara - Exited Regional Energy 2008 Norway 123.5
Alios Finance Tanzania Ltd Tanzania Financial services 2012 Tanzania Loan 27.8
Alios Finance Zambia Zambia Financial services 2013 Zambia Loan 30.6
Amret II (USD) Cambodia Microfinance 2013 Cambodia Loan 74.8
An Binh Commercial Joint Stock Bank Vietnam Banking 2017 Vietnam Loan 164.1
Angola Capital Partners LLC Angola Investment funds 2009 Delaware Equity 1.4
Arise B.V. Regional Banking 2016 Netherlands Equity 2 639.6
Ascent Rift Valley Fund Ltd Regional Investment funds 2013 Mauritius Fund 82.2
Associated Foods Zimbabwe (Pvt) Ltd Zimbabwe Manufacturing 2016 Zimbabwe Loan 16.7
Aureos Africa Fund Regional Investment funds 2008 Mauritius Fund 248.5
Aureos CA Growth Fund (EMERGE) Regional Investment funds 2006 Mauritius Fund 18.9
Aureos Capital - Exited Global Investment funds 2001 None 34.3
Aureos East Africa Fund Regional Investment funds 2003 Mauritius Fund 49.1
Aureos Latin America Fund (ALAF) Regional Investment funds 2007 Canada Fund 142.2
Aureos South Asia Fund (Holdings) Regional Investment funds 2006 Mauritius Fund 112.8
Aureos South Asia Fund 1 - Exited Regional Investment funds 2004 Mauritius 33.9
Aureos South-East Asia Fund Regional Investment funds 2004 Mauritius Fund 120.2
Aureos South-East Asia Fund II Regional Investment funds 2010 Canada Fund 34.7
Aureos Southern Africa Fund Regional Investment funds 2003 Mauritius Fund 69.9
Aureos West Africa Fund Regional Investment funds 2003 Mauritius Fund 96.9
BANCO INDUSTRIAL SALVADOR El Salvador Banking 2014 El Salvador Loan 74.2
BPI East Africa LLC Regional Investment funds 2015 Mauritius Fund 49.8
BRAC - Exited Bangladesh Microfinance 2007 Bangladesh 54.2
Banco BDF Nicaragua Banking 2017 Nicaragua Loan 102.6
Banco Promerica El Salvador El Salvador Banking 2015 El Salvador Loan 86.8
Banco Promerica Guatemala Guatemala Banking 2016 Guatemala Equity 81.8
Banco Terra - Exited Mozambique Banking 2006 Mozambique 100.7
Basecamp Explorer Kenya Ltd Kenya Tourism 2010 Kenya Equity 16.5
Biotherm Solar Zambia - Exited Zambia Energy - solar 2014 Zambia 0.0
Brac Africa Microfinance Ltd - Exited None Microfinance 2008 Cayman Islands 15.7
Brac Bank Bangladesh Banking 2010 Bangladesh Equity and loan 122.2
Bronkhorstspruit Biogas Plant Pty Ltd South Africa Energy - bio 2011 South Africa Equity 22.2
Bugoye HPP - Exited Uganda Energy 2008 Uganda 66.6
Business Partners Madagascar SME Fu - Exited Madagascar Investment funds 2006 Mauritius 10.6
CAIF - Exited Regional Investment funds 1999 British Virgin Islands 8.2
CASEIF - Exited Regional Investment funds 2000 Bahamas 39.8
CASEIF II Regional Investment funds 2007 Bahamas Fund 24.6
CASEIF III Regional Investment funds 2014 Canada Fund 82.5
CIFI Regional Financial services 2004 Panama Equity 520.9
CORECO Regional Financial services 2012 Delaware Fund 74.4
Cambodia Laos Myanmar Development Fund II Regional Investment funds 2015 Singapore Fund 82.5
Cambodia-Laos Development Fund Cambodia Investment funds 2009 Luxembourg Fund 25.9
Cape Dairy Biogas Plant Pty Ltd South Africa Energy - bio 2014 South Africa Loan 4.9
Capitec Bank - Exited South Africa Financial services 2009 South Africa 121.0
Carifin - Exited Cuba Financial services 2003 None 20.7
Casquip Starch - Exited Swaziland Food and agribusiness 2008 Swaziland 43.0
Central Solar de Mocuba S.A. Mozambique Energy - solar 2016 Mozambique Loan 111.3
Cepheus Growth Capital Fund Regional Investment funds 2018 Mauritius Fund 123.1
China Environment Fund 2004 China Investment funds 2005 Cayman Islands Fund 18.2
City Bank Limited Bangladesh Banking 2017 Bangladesh Loan 82.1
Confianza Regional Microfinance 2014 El Salvador Equity 16.0
Corporacion Interfin S.A. - Exited Costa Rica Financial services 2005 None 33.4
Craft Silicon - Exited Kenya Communication 2009 None 16.2
DFCU Limited Uganda Banking 2004 Uganda Loan 253.5
DFCU Limited - USD - Exited Uganda Banking 2007 Uganda 16.3
Desyfin Costa Rica Financial services 2011 Costa Rica Equity 64.5
Diaconia, Liberia Liberia Microfinance 2017 Liberia Loan 16.4
E&Co (Persistent Energy) Regional Energy 2009 Delaware Loan 18.9
ECP Africa Fund (Afr Infr Fnd) - Exited Regional Investment funds 1999 Mauritius 37.9
EXIM Bank (Tanzania) Ltd. - Exited Tanzania Banking 2007 Tanzania 51.1
Equity Bank Ltd - Exited Kenya Microfinance 2008 None 31.4
Euro TechBridge - Exited Kenya Communication 2008 Norway 2.5
European Financing Partners SA Regional Investment funds 2006 None Equity and loan 371.2
Evolution One Fund Regional Energy 2009 South Africa Fund 35.7
FDL Nicaragua Microfinance 2013 Nicaragua Equity and loan 125.6
FEDHA Fund - Exited Tanzania Investment funds 1998 None 12.3
FINARCA - Exited Nicaragua Financial services 1999 None 53.2
FIPA II Regional Investment funds 2016 Luxembourg Fund 148.6
Family Bank Limited Kenya - Exited Kenya Microfinance 2010 None 18.0
Fanisi Capital Fund II Regional Investment funds 2017 Mauritius Fund 123.1
Fanisi Management II Regional Investment funds 2017 Mauritius Equity and loan 20.5
Fanisi Venture Capital Fund Regional Investment funds 2009 Luxembourg Fund 101.0
Fanisi Venture Management Company Regional Investment funds 2009 Luxembourg Equity and loan 2.9
Fedecredito El Salvador Microfinance 2016 El Salvador Loan 87.2
Ficohsa Gua Guatemala Banking 2013 Guatemala Loan 17.9
Ficohsa Honduras Financial services 2012 Honduras Loan 72.7
First Finance Plc. Cambodia Microfinance 2013 Cambodia Equity and loan 35.0
Fjord Marine Tyrkia - Exited Turkey Food and agribusiness 2003 None 66.5
Focus Financial Services Limited Zambia Financial services 2014 Zambia Loan 48.3
Fotovoltaica Los Prados SA - Exited Honduras Energy - solar 2015 Honduras Equity 0.0
Freight in Time Regional Other industrial partnerships 2015 Mauritius Equity and loan 68.8
Frontier Fund Bangladesh Investment funds 2010 Cayman Islands Fund 62.3
Frontier Fund II Bangladesh Investment funds 2016 Cayman Islands Fund 65.3
Fula Rapids HPP PDF - Exited South Sudan Energy - hydro 2013 South Sudan 12.5
Fundo de Investimento Privado-Angol Angola Investment funds 2009 Luxembourg Fund 65.1
Future and Hope - Exited Global Manufacturing 2001 None 1.7
GLAD Ltd Uganda Food and agribusiness 2012 Uganda Loan 4.6
Genomar - Exited Philippines Food and agribusiness 2000 None 20.5
Gigawatt Global Rwanda Ltd Rwanda Energy - solar 2014 Rwanda Equity and loan 37.9
Globeleq Ltd Regional Energy 2014 United Kingdom Equity 1 985.3
GrameenPhone - Exited Bangladesh Communication 2004 None 65.2
Green Resources AS - Exited Tanzania Food and agribusiness 2003 None 4.0
Green Resources USD Regional Food and agribusiness 2009 Norway Equity and loan 183.7
GroFin Africa Fund Regional Investment funds 2008 Mauritius Fund 94.7
GroFin SGB Fund Limited Partnership Regional Investment funds 2015 Mauritius Fund 125.6
HEFF Regional Microfinance 2011 Delaware Fund 38.8
HFC Limited Kenya Banking 2014 Kenya Loan 71.3
Hattha Kaksekar Ltd (HKL) - Exited Cambodia Microfinance 2007 Cambodia 124.6
Hattha Kaksekar Ltd - KHR - Exited Cambodia Microfinance 2010 None 11.7
Hidro Santa Cruz - Exited Guatemala Energy 2011 Guatemala 10.4
Horizon Equity Partners Fund III South Africa Investment funds 2007 South Africa Fund 18.3
Horizon TechVentures - Exited South Africa Investment funds 2001 South Africa 24.2
Horizonte BiH Enterprise Fund - Exited Bosnia and Herzegovina Investment funds 1998 Netherlands 4.0
Indian Ocean II - Exited Regional Investment funds 1999 None 25.8
Interact Climate Change Facility Regional Energy 2010 Luxembourg Loan 318.5
Interkraft Nepal AS (BPC) - Exited Nepal Energy 2003 None 3.0
Jambo Roses - Exited Uganda Food and agribusiness 2002 None 0.4
Jiffy Kenya AS - Exited Kenya Manufacturing 2001 None 3.0
KLP Norfund Investments AS Regional Investment funds 2013 Norway Equity 490.0
Kabul Serena Hotel Afghanistan Tourism 2005 Afghanistan Equity 33.8
Kikagati Power Company Ltd - Exited Uganda Energy - hydro 2012 Uganda 9.8
Kinangop Wind Park Limited Kenya Energy - wind 2013 British Virgin Islands Equity 94.3
Kinangop Wind Park PDF - Exited Kenya Energy 2012 None 10.8
Kinyeti Capital Ltd South Sudan Financial services 2012 South Sudan Equity and loan 38.8
LAAD Regional Financial services 2004 Netherlands Antilles Loan 315.0
LAFISE NICARAGUA Nicaragua Banking 2014 Nicaragua Loan 231.5
LOCFUND - Exited Regional Microfinance 2007 Delaware 8.8
LOCFUND (loan) - Exited Regional Microfinance 2007 Delaware 9.0
LOCFUND II Regional Microfinance 2013 Delaware Fund 53.8
Lafise Investment Management Bahamas Investment funds 1999 Bahamas Equity 0.0
Lake Turkana Wind Power Limited Kenya Energy - wind 2013 Kenya Loan 111.7
Lake Turkana Wind Project PDF - Exited Kenya Energy 2011 Kenya 12.9
M-Kopa Regional Energy - solar 2017 United States of America Loan 102.4
MINCO - Exited Mozambique Investment funds 1998 None 24.5
Matanuska Africa - Exited Mozambique Food and agribusiness 2008 Mauritius 173.5
Maxi Vigas - Exited Paraguay Manufacturing 0 None 12.7
Micro Africa Ltd. - Exited Kenya Microfinance 2006 None 4.9
Micro Africa Ltd_KES - Exited Kenya Microfinance 2011 Kenya 9.9
Micro Africa Ltd_UGX - Exited Uganda Microfinance 2011 Uganda 9.8
Micro Kenya Ltd - Exited Kenya Microfinance 2003 None 2.0
Msele Nedventures - Exited South Africa Investment funds 1999 None 15.9
Myanmar Finance International Limited Myanmar Microfinance 2015 Myanmar Equity 14.5
NMBZ Holdings Limited Zimbabwe Banking 2013 Zimbabwe Loan 36.9
NMI Frontier Fund Regional Microfinance 2008 Norway Fund 108.0
NMI Fund III Regional Microfinance 2013 0 Fund 184.0
NMI Global Fund Regional Microfinance 2008 Norway Fund 162.0
Nam Sim Power Company Ltd Laos Energy - hydro 2011 Laos Loan 33.0
Neofresh Regional Food and agribusiness 2017 Mauritius Equity 36.5
New Africa Power Zambia Energy - hydro 2017 Mauritius Equity 15.1
Nicafish - Exited Nicaragua Food and agribusiness 2004 None 12.1
Nividhu - Exited Sri Lanka Energy 2001 None 1.1
Nordic Microfinance Initiative AS Global Microfinance 2008 Norway Equity 28.4
Norfinance AS Regional Financial services 2013 Norway Equity 419.9
Norfininvest - Exited Regional Banking 2014 Norway 1 373.6
Norfish Blagaj - Exited Bosnia and Herzegovina Food and agribusiness 2000 None 19.4
Norsad Regional Financial services 2011 Botswana Equity 56.8
Norwegian Microfinance Initiative AS Regional Microfinance 2008 Norway Equity 30.0
Novastar Ventures East Africa Fund Regional Investment funds 2013 Mauritius Fund 79.5
Nsongezi Power Company Ltd - Exited Uganda Energy - hydro 2012 Uganda 3.4
Nyama World Malawi Ltd Malawi Food and agribusiness 2017 Malawi Loan 22.3
ODEF - Exited Honduras Microfinance 2012 Honduras 17.4
OMEGA SmartBuild - Exited Uganda Financial services 2010 Norway 2.0
Oasis Africa Fund Regional Investment funds 2017 Ghana Fund 41.0
Palnorec - Exited Ecuador Food and agribusiness 1998 None 3.5
Pan Fish Shanghai - Exited China Manufacturing 2003 None 0.5
Pan Marine Qingdao - Exited China Food and agribusiness 2002 None 20.9
Prasac Microfinance Institution Cambodia Microfinance 2013 Cambodia Loan 182.7
Prospero Regional Microfinance 2011 Cayman Islands Fund 31.7
Proximity Designs - Exited Myanmar Microfinance 2013 Myanmar 12.1
Pure Power Ltd, Uni-Power Ltd, Young Power Ltd Kenya Energy - hydro 2011 Kenya Loan 8.4
Real People Investment Holdings (Pty) Limited Regional Financial services 2009 South Africa Equity and loan 503.8
Renewable Energy Holdings Pty Ltd South Africa Energy - hydro 2014 South Africa Equity 35.4
Rwimi EP Company Ltd Uganda Energy - hydro 2015 Uganda Equity and loan 31.8
SAMIC Ltd (CHC) - Exited Cambodia Microfinance 2008 None 2.5
SEAF Blue Waters Growth Fund - Exited Vietnam Investment funds 2008 Cayman Islands 32.4
SEAF Sichuan Small Investment Fund China Investment funds 2000 Delaware Fund 20.0
SEAF Trans-Balkan Fund - Exited Regional Investment funds 2000 Delaware 37.2
SN Power AS Regional Energy - hydro 2013 Norway Equity 7 959.7
Sacombank - Exited Vietnam Financial services 2011 Vietnam 139.0
Sacombank Leasing Limited - Exited Vietnam Financial services 2011 Vietnam 27.5
Safa Marine Industries Ltd - Exited India Manufacturing 2003 India 0.8
San Antonio - Exited Guatemala Energy - wind 2014 Guatemala 33.4
Sathapana Cambodia Banking 2008 Cambodia Loan 180.2
Scancement - Exited Bangladesh Manufacturing 1999 None 40.2
Scanwater AS - Exited Uganda Other industrial partnerships 2009 Norway 2.5
Scatec Mocuba PDF - Exited Mozambique Energy - solar 2015 Mozambique 11.6
Scatec Norfund Investments Ltd - Exited Kenya Energy - solar 2015 United Kingdom 11.9
Scatec Solar Kalkbult (RF) Pty Ltd South Africa Energy - solar 2012 South Africa Equity 72.3
Scatec Solar SA Netherlands BV South Africa Energy - solar 2015 Netherlands Loan 20.5
Siam Investment Fund II - Exited Thailand Investment funds 2000 Cayman Islands 38.0
Sinor/Daiyoo - Exited China Manufacturing 1999 None 19.9
Socremo - Exited Mozambique Microfinance 2009 Mozambique 40.5
Solidus Investment Fund S.A. - Exited Regional Microfinance 2005 Panama 11.9
Spear Africa Holding II Regional Manufacturing 2017 Mauritius Fund 61.5
Star bright Holding Ltd. Regional Food and agribusiness 2018 Guernsey Equity 17.4
Statkraft International Hydro Invest AS - Exited Regional Energy - hydro 2002 Norway 3 006.9
Sunshine Regional Energy - solar 2017 Costa Rica Equity 12.3
TC Trading - Exited China Food and agribusiness 2003 None 0.2
TMP (Telecom Management Partner) - Exited Namibia Communication 2006 None 93.6
TMP-NAD - Exited Namibia Communication 2007 None 8.5
TMP-NOK - Exited Namibia Communication 0 None 48.8
TPS Dar es Salaam Tanzania Tourism 2011 Kenya Equity and loan 55.6
TPS Pakistan - Exited Pakistan Tourism 2007 Pakistan 21.2
TPS Rwanda Rwanda Tourism 2010 Rwanda Equity 12.5
TTS China - Exited China Manufacturing 2005 None 10.0
Techcombank - Exited Vietnam Banking 2011 Vietnam 87.1
The Currency Exchange (TCX) - Exited Regional Financial services 2007 Netherlands 55.0
ToughStuff - Exited Regional Energy 2011 Jersey 31.4
Trustco Group Holdings Ltd Namibia Microfinance 2014 Namibia Loan 55.2
UAP Properties Limited South Sudan Other industrial partnerships 2013 South Sudan Loan 34.5
Uganda Microfinance Limited - Exited Uganda Microfinance 2005 None 13.4
Vantage Mezzanine Fund II Regional Investment funds 2011 South Africa Fund 64.7
Verde Beef Processing Ethiopia Food and agribusiness 2017 United Kingdom Equity 62.5
Vertical Agro (Sunripe & Serengeti Fresh) Regional Food and agribusiness 2014 Mauritius Equity 37.7
Vietnam Equity Fund - Exited Vietnam Investment funds 2005 Cayman Islands 23.1
Voxtra East Africa Agribusiness Ini Regional Food and agribusiness 2011 Norway Fund 33.1
Yara fertiliser terminal Dar Tanzania Manufacturing 2012 Tanzania Loan 36.6
Yoma Micopower PDF Myanmar Energy - solar 2017 Singapore Equity 8.0
responsAbility Renewable Energy Holding Regional Energy - hydro 2017 Mauritius Equity 82.1

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

Subscribe to our newsletter