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 the end of December 2012.The investment professional team and office equipment was relocated to Gaborone during the Christmas break 2012. The new office opened its doors in the middle of January 2013.
As part of the growth strategy the company adopted in 2012, four additional Batswana investment professionals were recruited at the beginning of 2013.