Creating jobs - Improving lives

Annual Report 2022

Last year Norfund had an IRR of 5.1% and created 24,500 new jobs in our portfolio companies.

The Climate Investment Fund

Find out more about Norway’s most important tool in accelerating the global energy transition

About the Fund

Norfund is the Norwegian Investment Fund for developing countries.

The Norfund Conference

The Norfund Conference 2023 took place in Oslo on 6. June. See recordings here.

Our Investment Areas

Renewable Energy

Financial Inclusion

Green Infrastructure

Scalable Enterprises

Our News

New head of Climate Investment Fund

Norfund entering plastic recycling in Nigeria and Ghana

Investing to expand leading Ivorian packaging company

Norfund invests in OH Ecosystems to create jobs in cocoa processing in Nigeria

Climate Fund and KLP invest in large Indian wind power plant 

More news

Our Investment Regions

Latin America

Africa

Asia

All investments

Our Impact

Development and growth of sustainable businesses have been the main drivers of the global poverty reduction over the past 25 years. The businesses Norfund invests in create jobs, pay taxes and supply goods and services to their communities. Our aim is to invest where we can have the greatest impact. (Figures below are as of end 2021.)

451,000
jobs
 

in the portfolio

13.8
TWh
 

clean electricity produced

464 billion NOK
 

lent to clients by direct investments

The Fund’s Development

Norfund’s mandate is to contribute to development by providing equity capital and other risk capital to sustainable businesses in low-income countries. Our investments have grown substantially to more than 5000 MNOK per year

Committed investments per year (MNOK)