Norfund's strategy is to concentrate the investments to a limited number of geographical regions and sectors where we can have the greatest impact. Equity is the principal instrument. 

The strategy has remained relatively stable since 2007, and it reflects the overarching priorities of the Norwegian government's development assistance policy.

Priority business areas: 

  • Clean energy
  • Financial Institutions
  • Food and agribusiness

In addition, Norfund invests in selected SME-Funds in all geographical priority regions.

Priority geographical regions: 

  • East Africa: Kenya, Uganda, Tanzania, Burundi, Rwanda, South Sudan, Ethiopia and Somaliland. 
  • Southern Africa: Angola, Namibia, South Africa, Lesotho, Swaziland, Mozambique, Zimbabwe, Zambia, Madagascar, Malawi. 
  • West Africa: Ghana (as a starting point for building a portfolio in the region). 

Norfund also invests in selected countries in Asia and Central America

  • Central AmericaGuatemala, El Salvador, Nicaragua, Honduras, Panama, Costa Rica. 
  • Southeast and South Asia: Bangladesh, Vietnam, Laos, Cambodia, Myanmar. 

Investments via investment platforms and funds may have a broader geographical coverage.


Norfund's portfolio as of 01.06.2016