Browsing: norfund east africa

Norfund investments in Kenya
  • Norfund invested US$32 million in Kenya in 2022 and plans to further increase financing to local enterprises seeking growth support in 2023
  • The fund said it would continue to invest in the region, focusing on profitable enterprises with the potential to contribute to economic and social development
  • Norfund is owned and funded by the Norwegian Government and has a portfolio of US$372 million invested in Kenya across various sectors of the economy

The Norwegian Investment Fund (Norfund) invested US$32 million in Kenya in 2022 and plans to further increase financing to local enterprises seeking growth support in 2023.

On February 9, 2023, Norfund said it would continue to invest in the region, focusing on profitable enterprises with the potential to contribute to economic and social development.

Norfund helps build sustainable businesses that would not otherwise be developed because of the high risks involved by providing equity and other risk capital …