Norfund asks for NOK 1b aid crisis package

Business April 01, 2009

The Norwegian aid-financed risk capital fund Norfund has requested an extraordinary NOK 1 billion injection of capital to invest in Sub-Saharan Africa to counter a downward trend in foreign investments in the region following the international finance crisis. The requested funds amount to 0.7 per cent of Norway’s domestic financial package to meet the crisis.

If you are new to Development Today and would like to continue reading this article, send us a mail at subscribers@devtoday.no, including your name, title, organisation, and email contact, and you will receive a free Guest Pass, along with weekly updates.