Norsad: Best Impact Investor Africa 2020

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Norsad celebrated its 30th anniversary, reflecting a legacy of purpose-driven work alongside like-minded partners for the co-creation of a more resilient and sustainable Africa. Norsad’s purpose is to build a better Africa. The company provides tailored long-term financing solutions of between USD5m and USD10m to companies that are profit-oriented and contribute to the SDG’s in the region.

The company is backed by a balanced mix of Nordic and African institutional investors. Norsad’s international shareholders — European Development Finance Institutions: Finnfund, IFU, Norfund, and Swedfund — are ahead of the curve in ESG and responsible investing, and Norsad has benefitted from their industry knowledge and mentorship. Norsad’s African shareholders provide strong support in commercially viable regional projects with desirable ESG impacts. Norsad has provided total financing in excess of $400m to over 140 businesses and projects across 12 Southern Africa countries. Norsad invests in impact projects — focused on clean and renewable energy, food and agribusiness, education, financial accessibility, and inclusion — and tracks such impact. In 2019, companies financed by Norsad employed more than 11,000 people, 30 percent of which were women and 14 percent youth.

Norsad is a signatory of the UN-supported Principles for Responsible Investment (UNPRI) and reports its impact in line with PRI reporting requirements. In the 2020 PRI reporting and assessment cycle, Norsad outperformed peers in all categories and achieved the highest possible rating (A+) for strategy and governance. CFI.co also declared Norsad Finance as the worthy winner of the 2020 award for Best Impact Investor (Africa).

Norsad Scores A+ in Strategy and Governance

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Norsad Scores A+ in Strategy and Governance

The Principles for Responsible Investment (UNPRI or PRI) is a United Nations supported international network and the world’s leading advocate supporting responsible investors. It has over 3,200 global signatories. The PRI annual reporting framework evaluates our Responsible Investing (RI) progress against best industry-standard framework, benchmarks our performance against peers and supports signatories on strengthening internal processes and building ESG capacity.

We are pleased to inform that in this year’s 2020 Assessment Report, Norsad Finance has been awarded the highest rating of A+ for our Strategy and Governance, and we have outperformed our peers in all reporting categories. Norsad has been investing for impact for over 30 years and this rating is authoritative testimony that as an impact investor, we are committed to incorporating ESG considerations and features into our investment process and throughout all our business activities.

This achievement is in line with our efforts to continually improve our commitment to ESG and advance our Impact strategy towards fulfillment of our massive transformative purpose of ‘Building a Better Africa’.

Norsad – Specialist Investor of the Year 2020

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We are proud to announce that in line with our mission of being “the premier provider of customised longer-term risk capital to Southern African companies and financial services providers that are financially, socially and environmentally sustainable,” Norsad has been recognised at the Private Equity Africa Awards 2020, as the winner of the Specialist Investor of the Year under the Regional and Specialist Investors category.

Click to here to download/view award certificate.