Norfund, the Norwegian Investment Fund for Developing Countries, was established by the Norwegian Parliament in 1997. Norfund’s objective is to contribute to reducing global poverty through contributing to the growth of sustainable commercial enterprises in developing countries. It offers equity, venture capital and other loans to companies in selected countries and business areas where the private sector lacks sufficient capital to grow and develop viable businesses.
Norfund in conjunction with NorFinance (a joint venture investment company between Norfund and Norwegian private investors) is the majority shareholder of Arise. NorFinance is an initiative by Norfund to mobilise private norwegian capital for financial service providers in Sub Saharan Africa.