The creation of new jobs is Task No. 1 in efforts to achieve the goals of global development and poverty reduction. The need is enormous. Although there is general agreement about this, Western development aid is doing little, or nothing, to help create new jobs.
This refinancing of Uganda’s major power dam will amongst others contribute to lower electricity costs and access stable to electricity in Uganda.
The time to invest in Somalia is now, said the Prime Minister of Somalia, Mr Khaire, at the launch of the "Nordic Horn of Africa Opportunities fund". Norfund, Shuraako and IFU have launched a new - and first in its kind - fund for investing in small and medium sized companies in Somalia.
On the 18th of June 2018, Ms Madsen was appointed as a new member of the Norfund board of directors by Norfund's General Assembly . the General Assembly is constituted by the Norwegian Minister of International Development, Nikolai Astrup,
Nordic Microfinance Initiative (NMI) invests in and builds up Micro Finance Institutions in developing countries. After 10 years of investments, NMI presents 10% return since inception and loyal investors sign record-high commitments for the fourth NMI fund.
Thorleifsson has more than 20 years experience as investor and he was one of the founders of the venture.company Northzone. "We are glad to have Thorleifsson on board" says Kristin Clemet, Chair of Norfund board.
Norfund presented a record high IRR of 9% (in NOK) since inception at the Norfund Finance Seminar today . For 2017 alone, the IRR was 14%. This shows the huge investment potentials that exist in developing countries.
Norfund, together with TripleJump and Developing World Markets, have arranged an up to USD 6.0 million facility agreement with Myanmar Finance International, MFIL.
Norfund seeks new CEO as Kjell Roland has decided to resign after almost 12 years in the position.
ABBANK has signed a senior loan agreement worth US$40 million with DEG and Norfund for on-lending to SMEs in Vietnam - particularly to women-run enterprises.
Scatec Solar and Norfund have signed three new solar projects in South Africa totaling 258 MW.
IFC will be joining Norfund and Yoma Strategic Holdings Ltd. as investment partner in Yoma Micro Power. The aim is to to electrify hundreds of telecommunications towers and rural communities across Myanmar.
The launch was arranged in conjunction with the Norway Ghana Business and Investment Forum organized by the Norwegian Embassy in Ghana and NABA.
After almost 12 years in the position as CEO for Norfund, Kjell Roland has informed the Norfund Board that he wishes to resign.
Norfund's investee in Kenya, Asilia Africa, has established the only safari resort in the world run entirely by women. “With women, they will go the extra mile, " says camp manager Namshali.
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Norfund - The Norwegian Investment Fund for Developing Countries Fridtjof Nansens Plass 4 |
