Select language

About Norfund

Norfund – the Norwegian Investment Fund for Developing Countries – invests in the establishment and development of profitable and sustainable enterprises in developing countries.


By contributing to the development of local businesses, jobs and economic growth, Norfund aims at reducing poverty.


Norfund cooperates with partners that have the best potential for commercial success - Norwegian or international.

Arise is set to accelerate financial sector growth in Africa

On February 2nd, Arise was launched in Cape Town. Arise is a collaborative partnership between Norfund, FMO and Rabobank and will play a pivotal role in advancing the financial sector in Africa.

Will play a pivotal role in Africa

“The main objective of establishing this company was to strengthen and develop effective, inclusive financial systems in Africa in order to contribute to economic growth and poverty reduction,” announces Arise’s CEO, Deepak Malik. “Arise will take and manage minority stakes in Sub-Saharan African Financial Service Providers (FSPs) with the core aim of building strong and stable institutions that will serve retail, Small and Medium Enterprises (SMEs), the rural sector, and clients who have not previously had access to financial services. 

Arise currently manages assets in excess of USD 660 million and is operational in over 10 countries.

Supporting growth of Sub-Saharan African Financial Service Providers (FSPs)

“The company will support the growth and development of FSPs through providing among others technical assistance and management services in the field of governance, management, marketing, innovation, compliance and risk management”, says Malik. “Arise will increase the availability of financial services to SMES and will provide a platform for people in Sub-Saharan Africa to empower themselves by opening bank accounts and taking loans – in turn building a better life for their families,” added Malik.

Malik says that in order to ensure the success of this venture we have put in place a diverse team of local and international specialists and industry experts. Capital will also be allocated for new investments and it is our aim to grow our current assets in excess of USD 1 billion.

“We are excited to be spearheading this new venture and sincerely believe that we can make a difference in our own small way”, Malik concluded.


Photo: Arise staff

"Going beyond aid" Breakfast-seminar 14/2 at 08.00

Justin Lin, former chief economist, World Bank, speaks about how the successful economic transformation of countries like China has forced a change in the way we think about aid and development.

Solar power to rural areas

KLP Norfund Invest AS has signed an agreement to invest d.light - the leading provider of off-grid solar solutions


Providing off-grid solar solutions

d.light is the leading provider of off-grid solar solutions and has commanding market share in emerging markets, with a focus on Africa and Asia. The company has impacted over 65 million people through its sales of more than 15 million solar light and power products in 62 countries. d.light continues to sell hundreds of thousands of units per month, while maintaining excellent quality at scale.

Access to energy is a key for development

“Norfund invests in profitable and sustainable enterprises that contribute to economic growth and poverty alleviation. Access to energy is a key input for development, and we believe energy mix for the foreseeable future also will include off grid solutions, in particular for rural households and businesses. As the leading provider of off-grid solutions in emerging markets, d.light is a good addition to our energy portfolio, mostly consisting of utility scale projects connected to the grid,” said Mark Davis, Head of Clean Energy investments of Norfund.

“In countries where energy access is low for the vast majority, solar has the ability to impact people living there in a multitude of ways. We are proud to support d.light’s work to bring solar-powered solutions to rural households in these countries.”

The $5 million equity investment in d.light is done by the co-investment vehicle, KLP Norfund Investments. KLP is Norway’s largest pension fund manager and participates with funding in this vehicle.

Download press release here

Norfund - Fridtjof Nansens Plass 4, N-0160 Oslo - Phone +47 22 01 93 93 - Fax: +47 22 01 93 94