Articles

Norsad Finance appoints Chief Investment Officer

Norsad Finance Limited has appointed Nathaniel Nyika as its Chief Investment Officer. Nathaniel was brought in from the Abraaj group based in Johannesburg where he was Associate Director of the US$990m Abraaj Africa Fund III (AAFIII) as well the thematic funds (Energy Infrastructure, Real Estate and Credit). Norsad Finance Limited is an impact investor that provides mezzanine and customized debt financing to mid-market companies and financial services providers in Southern Africa with the...

Norsad seeking new Chief Investment Officer

Norsad Finance is currently advertising and recruiting for a Chief Investment Officer (CIO) to help drive the development and implementation of the Mezzanine/Debt business and investment strategy of the Company. The successful candidate will lead all aspects of the investment process supported by a diverse and experienced investment team. With the previous CIO, Kenny Nwosu, succeeding Ms. Sari Nikka as CEO in January 2017, this created the need to fill the vacancy left in the CIO role.

Norsad relocates to Botswana

Norsad Finance has relocated to Botswana. After more than 20 years of operating in Lusaka, Zambia, the institution now operates from Gaborone’s new central business district not too far from the iconic I-towers building. The move follows the transformation of the former multilateral entity, NORSAD Fund, which has been incorporated as a limited liability company in Botswana and is accredited to International Financial Services Centre (IFSC). The Norsad Finance office in Lusaka was closed down at...

Norsad Board approves growth strategy

In their Meeting held in June 2012, the Norsad Board of Directors approved a growth strategy for the Company. Norsad Finance will be recognized as a provider of flexible and customised financing solutions to commercially viable, as well as socially and environmentally sustainable businesses in the Southern African region by: providing customised debt, mezzanine and equity financing to growth companies and financial institutions; trippling its investments by 2017 through a capital increase from...

Norsad attracts additional capital from its Nordic Shareholders

At the time of establishment of Norsad Finance Limited, it was agreed among the Shareholders that the company will simultaneously offer an option for the Shareholders to participate in a Preference Share issue. The Preference Share option is open to all the shareholders until end of February 2014. At the end of August 2013, all four Nordic Shareholders, IFU (Denmark), Finnfund (Finland), Norfund (Norway) and Swedfund (Sweden) subscribed altogether to 4,084 Preference Shares, bringing in...