Sub-Saharan Africa is Norfund’s priority investment region.
Core–Climate Mandate
Core–Development Mandate
Core–Development and Climate Mandate
Filters:
| Investment | Country | Sector | Year** | Instrument | Status | Mandate | MNOK* |
|---|---|---|---|---|---|---|---|
| Access Bank Ghana | Ghana | Financial Inclusion | 2022 | Loans | Active | Development | 187.7 |
| Adenia Capital V | Regional | SME Funds | 2022 | Funds | Active | Development | 210.3 |
| Africa Health Fund (Aureos) | Regional | SME Funds | 2011 | Funds | Active | Development | 43.4 |
| Africado Ltd. | Tanzania, United Republic Of | Scalable enterprises | 2009 | Equity | Active | Development | 4.5 |
| African Century Infrastructure Services Ltd. | Regional | Scalable enterprises | 2014 | Equity and Loans | Active | Development | 36.4 |
| African Century Nampula | Mozambique | Scalable enterprises | 2017 | Equity and Loans | Active | Development | 6.1 |
| African Century Real Estates Ltd. | Mozambique | Scalable enterprises | 2015 | Equity and Loans | Active | Development | 33.1 |
| African Forestry Impact Platform (AFIP) | Regional | Scalable enterprises | 2023 | Funds | Active | Development | 755.7 |
| African Rivers Fund III | Regional | SME Funds | 2021 | Funds | Active | Development | 145.4 |
| AfriCap Microfinance | Regional | Financial Inclusion | 2007 | Funds | Active | Development | 9.4 |
| AfricInvest FIVE | Regional | Financial Inclusion | 2018 | Equity | Active | Development | 279.8 |
| AfricInvest Fund IV | Regional | SME Funds | 2020 | Funds | Active | Development | 302.3 |
| Afrinord Hotel Investments | Regional | Scalable enterprises | 2005 | Equity and Loans | Active | Development | 22.1 |
| AgDevCo | Regional | Scalable enterprises | 2022 | Equity | Active | Development | 211.1 |
| Agri-Vie | Regional | SME Funds | 2010 | Funds | Active | Development | 20.2 |
| Agri-Vie II | Regional | SME Funds | 2017 | Funds | Active | Development | 138.8 |
| Agrivision | Zambia | Scalable enterprises | 2012 | Equity | Active | Development | 161.6 |
| AktivCo | Regional | Renewable Energy | 2021 | Loans | Active | Development | 213.4 |
| Alterra Africa Accelerator Fund | Regional | SME Funds | 2022 | Funds | Active | Development | 211.5 |
| ANB | South Africa | Scalable enterprises | 2023 | Equity | Active | Development | 106.6 |
| Angola Capital Partners LLC | Angola | SME Funds | 2009 | Equity | Active | Development | 1.4 |
| Antler East Africa Fund I | Regional | SME Funds | 2020 | Funds | Active | Development | 15.3 |
| Arise (incl. Norfinance) | Regional | Financial Inclusion | 2016 | Equity | Active | Development | 3355.1 |
| Ascent Rift Valley Fund II | Regional | SME Funds | 2020 | Funds | Active | Development | 100.7 |
| Ascent Rift Valley Fund Ltd | Regional | SME Funds | 2013 | Funds | Active | Development | 71.6 |
| Associated Foods Zimbabwe (AFZ) | Zimbabwe | Scalable enterprises | 2016 | Loans | Active | Development | 15.8 |
| Aureos East Africa Fund | Regional | SME Funds | 2003 | Funds | Active | Development | 3.9 |
| Aureos Southern Africa Fund | Regional | SME Funds | 2003 | Funds | Active | Development | 7.5 |
| Aureos West Africa Fund | Regional | SME Funds | 2003 | Funds | Active | Development | 2.2 |
| Balaji EPZ Limited | Kenya | Scalable enterprises | 2023 | Loans | Active | Development | 132.2 |
| Baobab+ | Regional | Renewable Energy | 2021 | Equity and Loans | Active | Development | 108.7 |
| Basecamp Explorer | Kenya | Scalable enterprises | 2010 | Equity | Active | Development | 36.4 |
| Bayport Mozambique | Mozambique | Financial Inclusion | 2022 | Loans | Active | Development | 71.0 |
| Bayport Zambia | Zambia | Financial Inclusion | 2023 | Loans | Active | Development | 94.7 |
| Bio2Watt Cape Dairy | South Africa | Renewable Energy | 2014 | Loans | Active | Development | 5.7 |
| BPI Africa LLC | Regional | SME Funds | 2015 | Funds | Active | Development | 51.0 |
| Brighter Life Kenya 2 | Kenya | Renewable Energy | 2022 | Loans | Active | Development | 150.6 |
| Cepheus Growth Capital Fund | Ethiopia | SME Funds | 2018 | Funds | Active | Development | 148.2 |
| Continental Blue Investment (CBI) Ltd. | Ghana | Scalable enterprises | 2022 | Equity | Active | Development | 70.3 |
| CRDB – AfDB CRP | Tanzania, United Republic Of | Financial Inclusion | 2022 | Loans | Active | Development | 158.4 |
| CRDB Bank DRC | Congo, Democratic Republic Of The | Financial Inclusion | 2022 | Equity | Active | Development | 120.2 |
| CrossBoundary Energy | Regional | Renewable Energy | 2022 | Equity | Active | Development | 205.6 |
| d.light | Global | Renewable Energy | 2016 | Equity and Loans | Active | Development | 79.9 |
| Development Partners International III | Regional | SME Funds | 2019 | Funds | Active | Development | 398.8 |
| Eco-Nor | Regional | Renewable Energy | 2019 | Equity | Active | Development | 8.1 |
| Ecobank | Regional | Financial Inclusion | 2021 | Loans | Active | Development | 422.3 |
| ECP Africa Fund IV | Regional | SME Funds | 2018 | Funds | Active | Development | 225.1 |
| Empower | Regional | Renewable Energy | 2022 | Equity and Loans | Active | Development | 158.4 |
| Equity Bank | Regional | Financial Inclusion | 2019 | Loans | Active | Development | 158.4 |
| ESCOTEL | Regional | Renewable Energy | 2020 | Equity and Loans | Active | Development | 107.3 |
| Evolution Credit | South Africa | Financial Inclusion | 2009 | Equity | Active | Development | 93.3 |
| Evolution One Fund | Regional | SME Funds | 2009 | Funds | Active | Development | 1.2 |
| Fanisi Capital Fund II | Regional | SME Funds | 2017 | Funds | Active | Development | 119.7 |
| FCMB | Nigeria | Financial Inclusion | 2019 | Loans | Active | Development | 105.6 |
| FEI – Facility for Energy Inclusion | Regional | Renewable Energy | 2019 | Funds | Active | Development | 208.3 |
| FES Limited | Regional | Scalable enterprises | 2020 | Equity and Loans | Active | Development | 124.1 |
| FIPA II | Regional | SME Funds | 2016 | Funds | Active | Development | 174.1 |
| First National Bank | Ghana | Financial Inclusion | 2020 | Loans | Active | Development | 110.8 |
| Freight in Time | Regional | Scalable enterprises | 2015 | Equity | Active | Development | 53.1 |
| Fundo de Investimento Privado-Angol | Angola | SME Funds | 2009 | Funds | Active | Development | 53.1 |
| Globeleq | Regional | Renewable Energy | 2014 | Equity and Loans | Active | Development | 2111.8 |
| GroFin Africa Fund | Regional | SME Funds | 2008 | Funds | Active | Development | 40.2 |
| GroFin SGB Fund Limited Partnership | Regional | SME Funds | 2015 | Funds | Active | Development | 125.6 |
| H1 Capital | South Africa | Renewable Energy | 2021 | Equity | Active | Climate | 212.7 |
| H1 EDF NFBII | South Africa | Renewable Energy | 2022 | Loans | Active | Climate | 174.5 |
| H1 Kenhardt | South Africa | Renewable Energy | 2022 | Loans | Active | Climate | 393.2 |
| H1 Pele SPV | South Africa | Renewable Energy | 2021 | Loans | Active | Development | 493.5 |
| Hela Investment Holdings | Regional | Scalable enterprises | 2022 | Loans | Active | Development | 147.8 |
| Helios IV | Regional | SME Funds | 2021 | Funds | Active | Development | 249.3 |
| InfraImpact Mid-Market Infrastructure Fund 1 | South Africa | Green Infrastructure | 2022 | Funds | Active | Development | 83.8 |
| Kagera Sugar Limited | Tanzania, United Republic Of | Scalable enterprises | 2020 | Loans | Active | Development | 129.7 |
| Katapult Africa | Regional | SME Funds | 2022 | Funds | Active | Development | 2.5 |
| Kinyeti Capital Ltd | South Sudan | SME Funds | 2012 | Equity | Active | Development | 64.3 |
| Klinchenberg | Regional | Renewable Energy | 2021 | Equity | Active | Development | 784.6 |
| Lake Harvest Group | Regional | Scalable enterprises | 2013 | Equity and Loans | Active | Development | 170.2 |
| Lilongwe Dairy (2001) Limited | Malawi | Scalable enterprises | 2020 | Loans | Active | Development | 117.2 |
| Lona Group | South Africa | Scalable enterprises | 2022 | Equity | Active | Development | 48.9 |
| Lula Lend | South Africa | Financial Inclusion | 2021 | Loans | Active | Development | 13.0 |
| Marginpar Group | Regional | Scalable enterprises | 2018 | Equity | Active | Development | 110.4 |
| Meridiam Africa Fund II | Regional | SME Funds | 2021 | Funds | Active | Development | 223.8 |
| Metier Sustainable Capital Fund II | Regional | Renewable Energy | 2019 | Funds | Active | Development | 188.1 |
| Miniplast Limited | Ghana | Scalable enterprises | 2023 | Loans | Active | Development | 110.8 |
| Nawiri Group Ltd. | Regional | Scalable enterprises | 2013 | Equity and Loans | Active | Development | 143.4 |
| Neo1 Solar Plant | Lesotho | Renewable Energy | 2018 | Equity | Active | Development | 22.0 |
| Neofresh | Regional | Scalable enterprises | 2017 | Equity and Loans | Active | Development | 85.8 |
| Neoma Africa Fund | Regional | SME Funds | 2008 | Funds | Active | Development | 67.8 |
| NMBZ | Zimbabwe | Financial Inclusion | 2013 | Loans | Active | Development | 12.4 |
| Nordic Horn of Africa Opportunities Fund | Somalia | SME Funds | 2018 | Funds | Active | Development | 35.3 |
| Norrsken22 Fund | Regional | SME Funds | 2023 | Funds | Active | Development | 105.3 |
| Norsad | Regional | Financial Inclusion | 2011 | Equity | Active | Development | 56.8 |
| Nouvelle Mici Embaci (NME) | Cote D'Ivoire | Scalable enterprises | 2023 | Equity | Active | Development | 86.3 |
| Novastar Ventures Africa Fund II | Regional | SME Funds | 2020 | Funds | Active | Development | 75.5 |
| Novastar Ventures East Africa Fund | Regional | SME Funds | 2013 | Funds | Active | Development | 83.3 |
| Nyama World Malawi Ltd | Malawi | Scalable enterprises | 2017 | Loans | Active | Development | 34.8 |
| Oasis Africa Fund | Regional | SME Funds | 2017 | Funds | Active | Development | 39.6 |
| OH Ecosystems | Nigeria | Scalable enterprises | 2023 | Loans | Active | Development | 126.7 |
| Pele Green Energy | South Africa | Renewable Energy | 2023 | Equity and Loans | Active | Climate | 367.7 |
| Phatisa Food Fund 2 | Regional | Scalable enterprises | 2021 | Funds | Active | Development | 195.9 |
| Redsun Raisins and Nuts | South Africa | Scalable enterprises | 2022 | Equity | Active | Development | 70.0 |
| Renewable Energy Holdings | South Africa | Renewable Energy | 2014 | Loans | Active | Development | 4.6 |
| Rwimi | Uganda | Renewable Energy | 2015 | Loans | Active | Development | 9.9 |
| SAMANU | Ethiopia | Scalable enterprises | 2022 | Equity | Active | Development | 111.4 |
| Scatec ASYV | Rwanda | Renewable Energy | 2014 | Equity and Loans | Active | Development | 39.7 |
| Scatec Benban | Egypt | Renewable Energy | 2015 | Equity and Loans | Active | Development | 101.8 |
| Seba Foods | Zambia | Scalable enterprises | 2021 | Loans | Active | Development | 63.3 |
| Serengeti Energy | Regional | Renewable Energy | 2017 | Equity | Active | Development | 273.7 |
| Solon Capital Holdings | Regional | SME Funds | 2020 | Funds | Active | Development | 35.8 |
| Spear Africa Holding II | Regional | SME Funds | 2017 | Funds | Active | Development | 70.4 |
| Sun King Financing Limited | Kenya | Renewable Energy | 2023 | Loans | Active | Development | 180.4 |
| Sundry Foods | Nigeria | Scalable enterprises | 2019 | Equity | Active | Development | 80.8 |
| Synercore Holdings Proprietary Limited | South Africa | Scalable enterprises | 2022 | Loans | Active | Development | 55.2 |
| Terramar | Mozambique | Scalable enterprises | 2022 | Equity | Active | Development | 58.4 |
| The Co-operative Bank of Kenya | Kenya | Financial Inclusion | 2022 | Loans | Active | Development | 168.9 |
| Transafrica Water Systems Limited | Regional | Green Infrastructure | 2021 | Loans | Active | Development | 21.1 |
| Valency International Trading SARL | Cote D'Ivoire | Scalable enterprises | 2022 | Loans | Active | Development | 105.6 |
| Vantage Mezzanine Fund II | Regional | SME Funds | 2011 | Funds | Active | Development | 21.6 |
| Vantage Mezzanine Fund IV – USD | Regional | SME Funds | 2021 | Funds | Active | Development | 251.0 |
| Vantage Mezzanine Fund IV – ZAR | Regional | SME Funds | 2021 | Funds | Active | Development | 49.2 |
| Verod Capital Growth Fund III | Regional | SME Funds | 2019 | Funds | Active | Development | 199.3 |
| Vertical Agro (Sunripe & Serengeti Fresh) | Regional | Scalable enterprises | 2014 | Loans | Active | Development | 64.1 |
| Voxtra East Africa Agribusiness Ini | Regional | SME Funds | 2011 | Funds | Active | Development | 20.6 |
| Wave Mobile Money | Regional | Financial Inclusion | 2022 | Loans | Active | Development | 136.5 |
| WeLight | Regional | Renewable Energy | 2019 | Equity and Loans | Active | Development | 134.1 |