Norfund

Norfund is the Norwegian Investment Fund for Developing Countries and is owned by the Government of Norway. Established in 1997, it supports business development in developing markets through equity investments, loans, and fund participation. The institution invests as a minority partner and works with private sector companies across several industries.

The organization operates under three mandates. The development mandate targets job creation and income growth. The climate mandate supports renewable energy and the transition to net zero. The Ukraine mandate focuses on economic recovery and reconstruction. In addition, it prioritizes markets where access to capital remains limited and investment risks are relatively high.

Operations focus on about 30 core countries, mainly in Sub-Saharan Africa, as well as selected markets in Asia and Latin America. In Kenya, investments cover agribusiness, renewable energy, financial services, and manufacturing. For example, support has gone to poultry production, horticulture businesses, and agribusiness investment funds. Financial institutions that lend to smallholder farmers and rural enterprises also receive backing.

Alongside financing, Norfund provides technical support. This includes improving governance, strengthening operations, and enhancing financial management. As a result, investments increase productivity, expand market access, and create jobs. Activities also support agricultural value chains and rural development in Kenya and other developing economies.