Norfund and the Coronavirus

Norfund keeps up the daily business and support affected portfolio companies, while following instructions from the Norwegian government to help prevent the spread of the Coronavirus.

The East African flower-producer and -exporter, Marginpar, lost almost all income when the flower stock marked in Amsterdam closed down due to the corona crisis.

The coronavirus is seriously affecting the financial markets, and volatility is to be expected for quite some time. A number of Norfund’s investee companies will most likely be affected. We are staying in touch with them, monitoring the developments and helping them prepare pro-active measures when needed.

We keep up the daily business although all Norfund staff work from home and international travels are cancelled. Each of the Norfund offices, our head quarter in Norway and our five regional offices, are manned with a minimum staffing to make sure that vital functions are delivered.