Norfund commits $30m to SeABank to boost SME and micro-enterprise support in Vietnam

Norfund commits $30m to SeABank to boost SME and micro-enterprise support in Vietnam

Norfund, the Norwegian Investment Fund for Developing Countries, has announced a significant investment of US$30 million in the form of a convertible loan to the Southeast Asia Commercial Joint Stock Bank (SeABank), furthering efforts to support economic growth in Vietnam. This convertible loan, which can be converted into common shares within four years, underscores a […]

Indian waste-to-energy company SAEL secures investment from Norwegian fund

Indian waste-to-energy company SAEL secures investment from Norwegian fund

Indian solar and agri waste-to-energy company SAEL will receive an equity investment of approximately INR 500 crores (NOK600 million or $60 million) from the new Norwegian Climate Investment Fund, managed by Norway’s state-owned Norfund. The renewable energy company will use the proceeds to generate 3GW of clean energy using crop stubble as fuel. The investment […]