Norfund has defined 30 core countries where we are actively building pipeline and have deep country knowledge. The countries were selected based on Norfund’s ability to be additional, have an impact and make successful investments. Norfund may also invest directly in other countries in Sub-Saharan Africa or LDCs in Norfund’s regions together with partners on a selective basis.
For the Climate Investment Fund, Norfund has chosen to prioritize 8 core countries, based on the climate impact, our ability to be additional and feasibility to execute successful investments.
The Norwegian Government is the funding source of all of Norfund’s investments, both under the Development Mandate and the Climate Mandate.
We are currently having some issues with the system showing our investments here, and as a result some investments might wrongly show as “exit”.
Investment | Country | Sector | Year** | Instrument | Status | Mandate | MNOK* |
---|---|---|---|---|---|---|---|
Abler Frontier Fund | Global | Financial Inclusion | 2008 | Funds | Active | Development | 39.8 |
Abler Fund III | Global | Financial Inclusion | 2013 | Funds | Active | Development | 139.0 |
Abler Global Fund | Global | Financial Inclusion | 2008 | Funds | Active | Development | 15.9 |
Abler Nordic AS | Global | Financial Inclusion | 2008 | Equity | Active | Development | 24.2 |
Abler Nordic Fund IV | Global | Financial Inclusion | 2018 | Funds | Active | Development | 216.0 |
Abler Nordic GP IV AS | Global | Financial Inclusion | 2018 | Equity | Active | Development | 24.0 |
Abler Norwegian AS | Global | Financial Inclusion | 2008 | Equity | Active | Development | 10.0 |
Access Bank Ghana | Ghana | Financial Inclusion | 2022 | Loans | Active | Development | 164.6 |
Accion Quona Inclusion Fund | Global | Financial Inclusion | 2019 | Funds | Active | Development | 85.0 |
ACI Motors Ltd | Bangladesh | SME Funds | 2021 | Equity | Active | Development | 41.7 |
Adenia Capital V | Regional | SME Funds | 2022 | Funds | Active | Development | 210.7 |
Advans MFI | Myanmar | Financial Inclusion | 2015 | Equity | Active | Development | 58.9 |
AFMF: ASEAN Frontier Markets Fund | Regional | SME Funds | 2021 | Funds | Active | Development | 106.5 |
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 | Active | Development | 36.5 |
African Century Nampula | Mozambique | Scalable enterprises | 2017 | Equity | Active | Development | 6.1 |
African Century Real Estates Ltd. | Mozambique | Scalable enterprises | 2015 | Equity | Active | Development | 33.1 |
African Forestry Impact Platform (AFIP) | Regional | Scalable enterprises | 2023 | Funds | Active | Development | 756.5 |
African Rivers Fund III | Regional | SME Funds | 2021 | Funds | Active | Development | 146.4 |
African Rivers Fund IV | Regional | SME Funds | 2023 | Funds | Active | Development | 159.2 |
AfriCap Microfinance | Regional | Financial Inclusion | 2007 | Funds | Active | Development | 9.4 |
AfricInvest FIVE | Regional | Financial Inclusion | 2018 | Equity | Active | Development | 282.6 |
AfricInvest Fund IV | Regional | SME Funds | 2020 | Funds | Active | Development | 303.2 |
Afrinord Hotel Investments | Regional | Scalable enterprises | 2005 | Equity | Active | Development | 22.7 |
AgDevCo | Regional | Scalable enterprises | 2022 | Equity | Active | Development | 211.7 |
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 | 172.2 |
Agua Imara | Global | Renewable Energy | 2021 | Equity | Active | Development | 824.8 |
AktivCo | Regional | Renewable Energy | 2021 | Loans | Active | Development | 201.7 |
Alterra Africa Accelerator Fund | Regional | SME Funds | 2022 | Funds | Active | Development | 212.0 |
Amret | Cambodia | Financial Inclusion | 2013 | Loans | Active | Development | 264.6 |
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 |
APIDC Biotech Fund | India | SME Funds | 2005 | Funds | Active | Development | 16.0 |
Apis Growth Markets Fund III SCSp | Global | Financial Inclusion | 2024 | Funds | Active | Development | 212.1 |
Arise (incl. Norfinance) | Regional | Financial Inclusion | 2016 | Equity | Active | Development | 3355.5 |
ARREND | Regional | Financial Inclusion | 2015 | Equity | Active | Development | 40.3 |
Ascent Rift Valley Fund II | Regional | SME Funds | 2020 | Funds | Active | Development | 98.3 |
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 | 15.9 |
Aureos East Africa Fund | Regional | SME Funds | 2003 | Funds | Active | Development | 3.9 |
Aureos South Asia Fund (Holdings) | Regional | SME Funds | 2006 | Funds | Active | Development | 42.1 |
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 |
AwanTunai | Indonesia | Financial Inclusion | 2024 | Equity | Active | Development | 96.9 |
BAC El Salvador | El Salvador | Financial Inclusion | 2023 | Loans | Active | Development | 211.7 |
Balaji EPZ Limited | Kenya | Scalable enterprises | 2023 | Loans | Active | Development | 134.2 |
Banco Atlantida | Honduras | Financial Inclusion | 2022 | Loans | Active | Development | 141.8 |
Banco BCT | Costa Rica | Financial Inclusion | 2019 | Loans | Active | Development | 52.9 |
Banco BDF | Nicaragua | Financial Inclusion | 2017 | Loans | Active | Development | 105.8 |
Banco BDI | Dominican Republic | Financial Inclusion | 2022 | Equity | Active | Development | 184.3 |
Banco Cuscatlan | El Salvador | Financial Inclusion | 2022 | Loans | Active | Development | 158.7 |
Banco Ficohsa Honduras | Honduras | Financial Inclusion | 2012 | Loans | Active | Development | 211.7 |
Banco Ficohsa Nicaragua | Regional | Financial Inclusion | 2022 | Loans | Active | Development | 105.8 |
Banco Multiple Ademi | Dominican Republic | Financial Inclusion | 2023 | Loans | Active | Development | 88.2 |
Banco Popular Honduras | Honduras | Financial Inclusion | 2024 | Loans | Active | Development | 106.0 |
Banco Promerica Costa Rica | Costa Rica | Financial Inclusion | 2018 | Loans | Active | Development | 156.1 |
Banco Promerica El Salvador | El Salvador | Financial Inclusion | 2015 | Loans | Active | Development | 169.3 |
Banco Promerica Guatemala | Guatemala | Financial Inclusion | 2016 | Loans | Active | Development | 119.1 |
Baobab+ | Regional | Renewable Energy | 2021 | Equity | Active | Development | 109.6 |
Basecamp Explorer | Kenya | Scalable enterprises | 2010 | Equity | Active | Development | 36.4 |
Bayport Mozambique | Mozambique | Financial Inclusion | 2022 | Loans | Active | Development | 57.4 |
Bayport Zambia | Zambia | Financial Inclusion | 2023 | Loans | Active | Development | 108.5 |
Berkeley Energy Commercial & Industrial Solutions | Regional | Renewable Energy | 2020 | Equity | Active | Development | 409.4 |
Bina Artha | Indonesia | Financial Inclusion | 2021 | Loans | Active | Development | 9.9 |
Bio2Watt Cape Dairy | South Africa | Renewable Energy | 2014 | Loans | Active | Development | 6.2 |
BPI Africa LLC | Regional | SME Funds | 2015 | Funds | Active | Development | 51.0 |
Brighter Life Kenya 2 | Kenya | Renewable Energy | 2022 | Loans | Active | Development | 54.3 |
Cambodia Laos Myanmar Development Fund II | Regional | SME Funds | 2015 | Funds | Active | Development | 94.9 |
Cambodia-Laos Development Fund | Regional | SME Funds | 2009 | Funds | Active | Development | 8.5 |
Candi Solar | Global | Renewable Energy | 2024 | Equity | Active | Climate | 213.9 |
CASEIF II | Regional | SME Funds | 2007 | Funds | Active | Development | 3.8 |
CASEIF III | Regional | SME Funds | 2014 | Funds | Active | Development | 73.8 |
CASEIF IV | Regional | SME Funds | 2020 | Funds | Active | Development | 153.3 |
Cepheus Growth Capital Fund | Ethiopia | SME Funds | 2018 | Funds | Active | Development | 148.1 |
CIFI | Regional | Financial Inclusion | 2004 | Equity | Active | Development | 116.2 |
CIFI Sustainable Fund | Regional | Financial Inclusion | 2023 | Funds | Active | Development | 215.9 |
City Bank Limited | Bangladesh | Financial Inclusion | 2023 | Loans | Active | Development | 211.7 |
CN Green Roof Asia | Vietnam | Renewable Energy | 2021 | Equity | Active | Development | 418.1 |
Continental Blue Investment (CBI) Ltd. | Ghana | Scalable enterprises | 2022 | Equity | Active | Development | 72.4 |
Copperbelt Energy Corporation | Zambia | Renewable Energy | 2023 | Equity | Active | Development | 737.0 |
CORECO | Regional | SME Funds | 2012 | Funds | Active | Development | 67.0 |
CRDB – AfDB CRP | Tanzania, United Republic Of | Financial Inclusion | 2022 | Loans | Active | Development | 158.7 |
CRDB Bank DRC | Congo, Democratic Republic Of The | Financial Inclusion | 2022 | Equity | Active | Development | 119.4 |
CrossBoundary Energy | Regional | Renewable Energy | 2022 | Equity | Active | Development | 205.6 |
d.light | Global | Renewable Energy | 2016 | Equity | Active | Development | 78.2 |
Desyfin | Costa Rica | Financial Inclusion | 2011 | Equity | Active | Development | 68.5 |
Development Partners International III | Regional | SME Funds | 2019 | Funds | Active | Development | 399.8 |
Eco-Nor | Regional | Renewable Energy | 2019 | Equity | Active | Development | 8.1 |
Ecobank | Regional | Financial Inclusion | 2021 | Loans | Active | Development | 370.4 |
EcoEnterprises Partners III, LP | Regional | SME Funds | 2018 | Funds | Active | Development | 58.8 |
ECP Africa Fund IV | Regional | SME Funds | 2018 | Funds | Active | Development | 225.1 |
Empower | Regional | Renewable Energy | 2022 | Equity | Active | Development | 158.6 |
Enel Coral | India | Renewable Energy | 2022 | Equity | Active | Climate | 439.1 |
Enel Thar Solar | India | Renewable Energy | 2022 | Equity | Active | Climate | 281.0 |
ERCO Energia | Colombia | Renewable Energy | 2022 | Equity | Active | Development | 310.8 |
ESCOTEL | Regional | Renewable Energy | 2020 | Equity | Active | Development | 99.2 |
European Financing Partners SA | Global | Scalable enterprises | 2006 | Equity | Active | Development | 188.6 |
Evolution Credit | South Africa | Financial Inclusion | 2009 | Equity | Active | Development | 93.3 |
Evolution Fund II (Through KNI) | Global | Renewable Energy | 2019 | Funds | Active | Development | 143.2 |
Evolution One Fund | Regional | SME Funds | 2009 | Funds | Active | Development | 1.2 |
Excelsior Vietnam | Vietnam | SME Funds | 2020 | Funds | Active | Development | 113.1 |
Fanisi Capital Fund II | Regional | SME Funds | 2017 | Funds | Active | Development | 119.6 |
FCMB | Nigeria | Financial Inclusion | 2019 | Loans | Active | Development | 105.8 |
FDL | Nicaragua | Financial Inclusion | 2013 | Equity | Active | Development | 41.1 |
Fedecredito | El Salvador | Financial Inclusion | 2016 | Loans | Active | Development | 95.2 |
FEI – Facility for Energy Inclusion | Regional | Renewable Energy | 2019 | Funds | Active | Development | 208.6 |
FES Limited | Regional | Scalable enterprises | 2020 | Equity | Active | Development | 124.2 |
Finsocial | Colombia | Financial Inclusion | 2022 | Loans | Active | Development | 86.5 |
FIPA II | Regional | SME Funds | 2016 | Funds | Active | Development | 174.3 |
First Finance | Cambodia | Financial Inclusion | 2013 | Loans | Active | Development | 0.0 |
First National Bank | Ghana | Financial Inclusion | 2020 | Loans | Active | Development | 95.2 |
Fourth Partner Energy | India | Renewable Energy | 2023 | Equity | Active | Climate | 1336.7 |
Freight in Time | Regional | Scalable enterprises | 2015 | Equity | Active | Development | 53.1 |
Frontier Fund | Bangladesh | SME Funds | 2010 | Funds | Active | Development | 50.9 |
Frontier Fund II | Bangladesh | SME Funds | 2016 | Funds | Active | Development | 30.4 |
Frontiir Co. Ltd. | Myanmar | SME Funds | 2019 | Equity | Active | Development | 26.9 |
Funding Societies | Indonesia | Financial Inclusion | 2023 | Loans | Active | Development | 52.9 |
Fundo de Investimento Privado-Angol | Angola | SME Funds | 2009 | Funds | Active | Development | 53.1 |
Gadag Transmission | India | Renewable Energy | 2023 | Equity | Active | Climate | 201.6 |
Genesis | Guatemala | Financial Inclusion | 2024 | Loans | Active | Development | 213.3 |
Globeleq | Regional | Renewable Energy | 2014 | Equity | Active | Development | 2139.6 |
Green Guarantee Company | Global | Renewable Energy | 2024 | Equity | Active | Development | 52.8 |
GroFin Africa Fund | Regional | SME Funds | 2008 | Funds | Active | Development | 39.8 |
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 | 187.6 |
H1 Kenhardt | South Africa | Renewable Energy | 2022 | Loans | Active | Climate | 434.4 |
H1 Pele SPV | South Africa | Renewable Energy | 2021 | Loans | Active | Development | 538.7 |
Hattha Bank | Cambodia | Financial Inclusion | 2007 | Loans | Active | Development | 127.0 |
Hela Investment Holdings | Regional | Scalable enterprises | 2022 | Loans | Active | Development | 148.2 |
Helios IV | Regional | SME Funds | 2021 | Funds | Active | Development | 249.7 |
ICCF | Global | Renewable Energy | 2010 | Equity | Active | Development | 218.2 |
InfraImpact Mid-Market Infrastructure Fund 1 | South Africa | Green Infrastructure | 2022 | Funds | Active | Development | 87.4 |
Integra Partners Fund II | Regional | Financial Inclusion | 2022 | Funds | Active | Development | 84.5 |
Kagera Sugar Limited | Tanzania, United Republic Of | Scalable enterprises | 2020 | Loans | Active | Development | 108.4 |
Katapult Africa | Regional | SME Funds | 2022 | Funds | Active | Development | 2.5 |
Kiangan | Philippines | Renewable Energy | 2021 | Loans | Active | Development | 106.3 |
Kinyeti Capital Ltd | South Sudan | SME Funds | 2012 | Equity | Active | Development | 64.5 |
Klinchenberg | Regional | Renewable Energy | 2021 | Equity | Active | Development | 784.6 |
Koppal Narendra | India | Renewable Energy | 2022 | Equity | Active | Climate | 69.2 |
KREDIT PLUS | Colombia | Financial Inclusion | 2023 | Loans | Active | Development | 82.7 |
KV Asia Fund II | Regional | SME Funds | 2022 | Funds | Active | Development | 161.4 |
LAAD | Regional | Financial Inclusion | 2004 | Loans | Active | Development | 306.9 |
LAFISE | Nicaragua | Financial Inclusion | 2014 | Loans | Active | Development | 8.1 |
Lafise Investment Management | Bahamas | SME Funds | 1999 | Equity | Active | Development | 0.0 |
Lake Harvest Group | Regional | Scalable enterprises | 2013 | Equity | Active | Development | 174.4 |
Lilongwe Dairy (2001) Limited | Malawi | Scalable enterprises | 2020 | Equity | Active | Development | 117.1 |
Lobu Dolom HPP | Indonesia | Renewable Energy | 2021 | Loans | Active | Development | 10.6 |
LOCFUND NEXT | Regional | Financial Inclusion | 2020 | Funds | Active | Development | 106.6 |
Lona Group | South Africa | Scalable enterprises | 2022 | Equity | Active | Development | 48.9 |
Lula Lend | South Africa | Financial Inclusion | 2021 | Loans | Active | Development | 113.6 |
Marginpar Group | Regional | Scalable enterprises | 2018 | Equity | Active | Development | 103.3 |
Meridiam Africa Fund II | Regional | SME Funds | 2021 | Funds | Active | Development | 227.0 |
Metier Sustainable Capital Fund II | Regional | Renewable Energy | 2019 | Funds | Active | Development | 186.5 |
MI BANCO | El Salvador | Financial Inclusion | 2022 | Loans | Active | Development | 66.1 |
Miniplast Limited | Ghana | Scalable enterprises | 2023 | Loans | Active | Development | 111.1 |
MOF II | Myanmar | SME Funds | 2018 | Funds | Active | Development | 85.6 |
Mutual Trust Bank | Bangladesh | Financial Inclusion | 2019 | Equity | Active | Development | 185.3 |
Myanmar Finance | Myanmar | Financial Inclusion | 2015 | Equity | Active | Development | 16.7 |
National Development Bank | Sri Lanka | Financial Inclusion | 2021 | Equity | Active | Development | 120.6 |
Navis CLMV | Regional | SME Funds | 2020 | Funds | Active | Development | 247.6 |
Nawiri Group Ltd. | Regional | Scalable enterprises | 2013 | Equity | Active | Development | 124.7 |
Neo1 Solar Plant | Lesotho | Renewable Energy | 2018 | Equity | Active | Development | 23.1 |
Neofresh | Regional | Scalable enterprises | 2017 | Equity | Active | Development | 85.9 |
Neoma Africa Fund | Regional | SME Funds | 2008 | Funds | Active | Development | 67.8 |
Neoma South-East Asia Fund II | Regional | SME Funds | 2010 | Funds | Active | Development | 19.9 |
NMBZ | Zimbabwe | Financial Inclusion | 2013 | Loans | Active | Development | 11.6 |
Nordic Horn of Africa Opportunities Fund | Somalia | SME Funds | 2018 | Funds | Active | Development | 35.3 |
Nordic Impact Cooperation (NIC) | Global | Renewable Energy | 2022 | Equity | Active | Development | 79.1 |
Norrsken22 Fund | Regional | SME Funds | 2023 | Funds | Active | Development | 105.7 |
Norsad | Regional | Financial Inclusion | 2011 | Equity | Active | Development | 56.8 |
Nouvelle Mici Embaci (NME) | Cote D'Ivoire | Scalable enterprises | 2023 | Equity | Active | Development | 133.3 |
Novastar Ventures Africa Fund II | Regional | SME Funds | 2020 | Funds | Active | Development | 74.9 |
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 | 34.9 |
Oasis Africa Fund | Regional | SME Funds | 2017 | Funds | Active | Development | 39.7 |
OH Ecosystems | Nigeria | Scalable enterprises | 2023 | Loans | Active | Development | 127.0 |
Openspace Venture Fund IV | Regional | SME Funds | 2024 | Funds | Active | Development | 132.9 |
Openspace Ventures III | Regional | SME Funds | 2020 | Funds | Active | Development | 148.4 |
Optima | El Salvador | Financial Inclusion | 2019 | Equity | Active | Development | 30.4 |
Orbital Energy | Sri Lanka | Renewable Energy | 2024 | Equity | Active | Climate | 43.0 |
Pele Green Energy | South Africa | Renewable Energy | 2023 | Equity | Active | Climate | 394.9 |
Phatisa Food Fund 2 | Regional | Scalable enterprises | 2021 | Funds | Active | Development | 193.8 |
PRAC: Prime Road Solar | Cambodia | Renewable Energy | 2021 | Loans | Active | Development | 39.8 |
Produbanco | Ecuador | Financial Inclusion | 2023 | Loans | Active | Development | 174.6 |
Quona Inclusion Fund III | Global | Financial Inclusion | 2021 | Funds | Active | Development | 133.0 |
Redsun Raisins and Nuts | South Africa | Scalable enterprises | 2022 | Equity | Active | Development | 70.0 |
responsAbility ACPF | Global | Renewable Energy | 2019 | Funds | Active | Development | 77.8 |
Rwimi | Uganda | Renewable Energy | 2015 | Loans | Active | Development | 7.7 |
SAEL | India | Renewable Energy | 2022 | Equity | Active | Climate | 1148.7 |
SAMANU | Ethiopia | Scalable enterprises | 2022 | Equity | Active | Development | 112.1 |
Sathapana | Cambodia | Financial Inclusion | 2008 | Loans | Active | Development | 127.0 |
Scatec Agua Fria | Honduras | Renewable Energy | 2014 | Equity | Active | Development | 227.0 |
Scatec Benban | Egypt | Renewable Energy | 2015 | Equity | Active | Development | 96.9 |
Scatec Los Prados | Honduras | Renewable Energy | 2015 | Equity | Active | Development | 58.5 |
Schneider Electric Energy Access Asia | Regional | Renewable Energy | 2019 | Funds | Active | Development | 69.8 |
SEACEF II | Regional | Renewable Energy | 2023 | Funds | Active | Climate | 106.3 |
Seba Foods | Zambia | Scalable enterprises | 2021 | Loans | Active | Development | 105.8 |
Serengeti Energy | Regional | Renewable Energy | 2017 | Equity | Active | Development | 273.7 |
Softlogic Life | Sri Lanka | Financial Inclusion | 2020 | Loans | Active | Development | 79.4 |
Solon Capital Holdings | Regional | SME Funds | 2020 | Funds | Active | Development | 35.8 |
Southeast Asia Commercial Joint Stock Bank | Vietnam | Financial Inclusion | 2024 | Loans | Active | Development | 317.5 |
Spear Africa Holding II | Regional | SME Funds | 2017 | Funds | Active | Development | 70.4 |
Sun King Financing Limited | Kenya | Renewable Energy | 2023 | Loans | Active | Development | 225.5 |
Sundry Foods | Nigeria | Scalable enterprises | 2019 | Equity | Active | Development | 80.8 |
Sunshine | Regional | Renewable Energy | 2017 | Loans | Active | Development | 3.9 |
SUSI Asia Energy Transition Fund (Through KNI) | Regional | Renewable Energy | 2021 | Funds | Active | Development | 71.9 |
Synercore Holdings Proprietary Limited | South Africa | Scalable enterprises | 2022 | Equity | Active | Development | 62.1 |
Terramar | Mozambique | Scalable enterprises | 2022 | Equity | Active | Development | 90.3 |
The Co-operative Bank of Kenya | Kenya | Financial Inclusion | 2022 | Loans | Active | Development | 169.3 |
TNB Aura Fund II | Regional | SME Funds | 2022 | Funds | Active | Development | 74.5 |
Transafrica Water Systems Limited | Regional | Green Infrastructure | 2021 | Loans | Active | Development | 21.2 |
Valency International Trading SARL | Cote D'Ivoire | Scalable enterprises | 2022 | Loans | Active | Development | 105.8 |
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 | 252.3 |
Vantage Mezzanine Fund IV – ZAR | Regional | SME Funds | 2021 | Funds | Active | Development | 51.9 |
Verod Capital Growth Fund III | Regional | SME Funds | 2019 | Funds | Active | Development | 192.9 |
Vertical Agro (Sunripe & Serengeti Fresh) | Regional | Scalable enterprises | 2014 | Loans | Active | Development | 64.3 |
Vietnam Investments Fund IV | Vietnam | SME Funds | 2021 | Funds | Active | Development | 157.8 |
Vietnam Prosperity Joint Stock Commercial Bank | Vietnam | Financial Inclusion | 2023 | Loans | Active | Development | 211.7 |
Volta INTL | Sri Lanka | Renewable Energy | 2023 | Equity | Active | Climate | 126.8 |
Water Access Accelerator Fund | Global | Green Infrastructure | 2022 | Funds | Active | Development | 58.3 |
Wave Mobile Money | Regional | Financial Inclusion | 2022 | Loans | Active | Development | 70.7 |
WeLight | Regional | Renewable Energy | 2019 | Equity | Active | Development | 143.1 |
Xurya | Indonesia | Renewable Energy | 2024 | Equity | Active | Climate | 270.3 |
Yoma Bank | Myanmar | Financial Inclusion | 2019 | Equity | Active | Development | 295.0 |
Yoma Micro Power | Myanmar | Renewable Energy | 2017 | Equity | Active | Development | 96.4 |
Hover over the map to see all countries we invest in.
*Million NOK committed
**H1 Capital was committed over the Development Mandate in December 2021 and moved to the Climate Mandate in 2022.
Activity level data
Activity level data are accessible for download from the OECD Creditor Reporting System (CRS) here.