Norfund

New Chief Investment Officer and new EVP for Renewable Energy

Åse — Mon, 10 Aug 2026 07:47:09 +0000

We are pleased to announce that Mark Davis has been appointed Norfund’s first Chief Investment Officer (CIO). Mark has been part of Norfund’s management team for nearly two decades, and will now take on responsibility for investment strategy across the portfolio spanning our three mandates. “Developing countries need far more capital than they’re getting…

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Strengthening packaging manufacturing in East Africa

Åse — Tue, 04 Aug 2026 09:17:01 +0000

The investment forms part of a total investment of USD 30 million to establish an aseptic packaging production facility, with commercial commissioning targeted for late 2026. The facility will be equipped with the latest generation of aseptic packaging technology, in line with international manufacturing standards. The new production line will introduce local manufacturing capacity for a…

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Norfund appoints Naana Winful Fynn as new EVP for Financial Inclusion

Åse — Mon, 13 Jul 2026 08:53:40 +0000

Naana Winful Fynn has for the past nine years been Norfund’s Regional Director for West Africa, where she has led ��ԭ��Ƶ across one of the Norfund’s key regions, as well as the team based in Accra. She has also been a member of Norfund’s Credit Committee for the last five years. She will now take on responsibility for leading Norfund’s work on financial inclusion ��ԭ��Ƶ…

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Norfund’s new CEO Erik Sandersen

Åse — Tue, 07 Jul 2026 13:45:04 +0000

It’s a privilege to lead an organisation that creates jobs, improves lives, and supports the transition to net zero in some of the world’s most promising, and most overlooked, markets. New CEO at Norfund…

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Investing in Ukrainian biscuit manufacturer Yarych

Åse — Mon, 06 Jul 2026 07:41:23 +0000

The company employs around 500 people at its production facility in the Lviv region in western Ukraine, close to the EU border – an important advantage for maintaining exports. “Yarych’s impressive development in recent years, despite the war, reflects the strength and commitment of its management, entrepreneur and owners. Supporting strong teams and helping solid…

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Increasing financial inclusion in Sri Lanka

Åse — Tue, 30 Jun 2026 09:35:12 +0000

Swedfund is joining with a further USD 15 million. The funding will support LB Finance’s growth in MSME lending across the country, including vehicle financing and gold-backed loans, products that provide essential liquidity to small business owners and self-employed individuals. Part of the financing will also go toward electric and fuel-efficient hybrid vehicles.

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Investing in solar energy for mobile connectivity in Mali, South Sudan and Central African Republic

Åse — Thu, 18 Jun 2026 06:48:01 +0000

Norfund ��ԭ��Ƶ in the company together with Facility for Energy Inclusion (“FEI”), a debt fund managed by Cygnum Capital, where Norfund is also one of the investors. Read the joint press release from Cygnum Capital, CREI, two33 Group and Norfund here -> “Affordable and reliable access to mobile connectivity is crucial for communication as a foundation for economic…

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What is the climate impact of the Climate Investment Fund?

Åse — Mon, 08 Jun 2026 07:55:28 +0000

If the world is to succeed in limiting the climate crisis, we are running out of time to phase out fossil energy. The good news is that renewable energy is now competitive. The bad news is that new coal power is still being built in developing countries, because higher perceived risk in these countries means there is not sufficient access to affordable capital for the ��ԭ��Ƶ renewable energy…

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Investing in West Africa’s next wave of startups

Åse — Thu, 04 Jun 2026 11:19:10 +0000

Nigeria has 242 million inhabitants, nearly 3 percent of the world’s population. Despite its considerable potential, 2025 proved a drought year for venture capital in Nigeria. “When private capital pulls back, long-term investors like Norfund become more important. They bear risk, keep the ecosystem alive, and show up for entrepreneurs delivering scalable solutions…

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Strong numbers on development effects for 2025

Åse — Thu, 04 Jun 2026 07:52:39 +0000

29,100 new jobs were created, 1.6 million people gained access to electricity, and 12.7 million gained access to banking services through companies that paid NOK 41 billion in taxes in developing countries, according to figures from Norfund’s annual report for 2025. The Climate Investment Fund continues to deliver significant avoided emissions with solid returns. Norfund’s annual report is being […]