D I V E R S I F I E D I N V E S T I N G
Investment Portfolio
Norsad has invested in more than 170 companies in various sectors and countries in Africa. We seek diversified opportunities towards our portfolio construction and target investments that generate attractive returns and create positive social impact. Our current diversified investment portfolio comprises over 30 companies.
Case Study: Targeting attractive niches in the South African market Norsad’s investment in Bridge Taxi Finance contributes to SDGs 8 (Decent Work and Economic Growth), 10 (Reduced Inequalities) and 11 (Sustainable Cities and Communities).
One of the many barriers faced by SMEs in the African continent is access to financial services including access to finance. According to an article published by the African Development Bank, 80% of South African Taxi clients are unbanked and may not qualify for traditional bank loans. Creating an enabling environment for SMEs to access finance and start earning an income can help reduce poverty and income inequality. Financial inclusion through SMEs financing– Bridge Taxi Finance SMEs play a key role in job creation; proving access to finance to SMEs in the taxi industry is enhancing SME's ability to contribute to the labour force leading to economic growth. In 2021 Norsad made an investment of US$ 9.81 million into Bridge Taxi Finance, a South African provider of minibus taxi finance solutions. Bridge Taxi Finance offers instruments to taxi owners, who have long been excluded from formal financial services. Norsad’s investment in Bridge Taxi Finance looks to assist in the effort to financially include this impactful sector of South Africa’s economy.
