History of Norsad Financing
Norsad Finance Limited is an impact investor established to contribute to the private sector development of Southern African economies by providing funding to enterprises that are financially, socially and environmentally sustainable. Norsad prioritizes investments to businesses that create sustainable employment, diversify local economies and are keen to adopt or maintain decent working conditions and good governance practices. The Company was incorporated in Botswana in 2011 and is IFSC accredited.
Though Norsad Finance was incorporated in November 2011, the Company has a history spanning over 25 years. It first started operating in 1990 as a multilateral agency based in Lusaka. The establishment of Norsad Agency followed an agreement between four Nordic countries (Denmark, Finland, Norway and Sweden) and 11 Southern African countries (Angola, Botswana, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Swaziland, Tanzania, Zambia and Zimbabwe) to establish an organisation that can contribute to the economic development and self-reliance of the participating SADC countries by extending foreign currency facilities for the operations of private sector enterprises in the region. The institution evolved into a limited liability company by 2012.
"To be the premier provider of customized long-term risk capital to Southern African companies and financial services providers that are financially, socially and environmentally sustainable."
"To be acknowledged as a preferred impact investor providing flexible and customised financing solutions."