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Norfund is the Norwegian Investment Fund for developing countries, investing to create jobs, improve lives and support the transition to net zero. We invest equity or debt in private companies and projects on commercial terms, as a responsible minority investor working closely with partners. Through local presence we seek solutions designed for the countries in which we invest and we hire mainly local staff in the regions. Norfund's geographical main focus is on Sub-Sahara Africa, where the fund has three regional offices (Nairobi, Cape Town and Accra). In addition, Norfund invests in selected countries in Asia and Latin America, with regional offices in Costa Rica and Bangkok. Norfund has three investment mandates: • Development: Create jobs and improve lives by investing in businesses that drive sustainable development • Climate: Investing in the transition to net zero in developing countries • Ukraine: supporting reconstruction and building a resilient economy. Under the Development Mandate and Ukraine Mandate, we invest in Renewable Energy, Financial Inclusion, Scalable Enterprises (comprising of Agriculture & Manufacturing and Investment Funds) and Green Infrastructure (Water and Waste management). Under the Climate Mandate we invest in Renewable Energy. Norfund is owned and funded by the Norwegian Government and is the Government’s most important tool for strengthening businesses that create jobs and reduce poverty in developing countries. For more details, please visit: www.norfund.no

Norfund Questions

The Norfund annual revenue was $24.4 million in 2026.

Tellef Thorleifsson is the CEO of Norfund.

158 people are employed at Norfund.

Norfund is based in Oslo, Oslo.

The NAICS codes for Norfund are [523920, 523, 52, 5239, 52392].

The SIC codes for Norfund are [62, 628].

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