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Vice president of Norway Investment Fund expected in Angola

     Economy              
  • Luanda • Friday, 20 January de 2023 | 14h56
A view of Luanda city
A view of Luanda city
Tarcísio Vilela-ANGOP

Luanda - The Vice President of the Norwegian Investment Fund for Developing Countries (Norfund) Bernt Brun will visit Angola from January 23 to 27, the country's Embassy in Angola has said in a statement.

ANGOP has learnt that the visit by Bernt Brun, who is also an investor of the investment management society Angola Capital Partner (ACP) aims to strengthen Norfund's commitment to Angola and contribute to the sustainable development of this Southern African country.

Angola Capital Partner CEO, Pal Raaum. will also join the delegation, the statement added

 The visitors, along with the Norwegian ambassador to Angola, will meet with the Angolan authorities linked to the economic sector and with various partners and economic agents.

The Norwegian investors are expected to visit different Angolan companies in which Norfund has invested over the last decade, such as Fazenda Girassol, Angola Environmental Serviços and Orey Logística.

Norfund is owned by the Norwegian state and is Norway's  instrument for development assistance policy, whose aim is to support building of sustainable businesses in developing countries.

 The Norwegian investment fund's main lines of action are clean energy, financial institutions, food and agribusiness.

 Norfund was instrumental in establishing the private equity management institution Angola Capital Partners (ACP) in 2009 and substantial investments in strategically important sectors such as agriculture, fisheries, oil sector waste management and logistics.

Angola Capital Partners is jointly owned by Norfund and Angolan Investment Bank (BAI), with a team that has 13 years of investment experience in Angola and a relevant local presence.

 In addition, Norfund helped create the lending platform African Rivers Fund III that recently established activity in Angola to assist the small and medium enterprise sector with loans.

Its broad experience in investing commercially in Angola enables Norfund to continue its support for Angolan business sector.





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