IP/C/R/TTI/NOR/1  
 
4 December 2020  
(20-8731) Page: 1/15 
Council for Trade -Related Aspects of  
Intellectual Property Rights  Original: English  
 
REPORT ON THE IMPLEMENTATION OF ARTICLE 66.2  
OF THE TRIPS AGREEMENT  
NORWAY  
The following communication, dated 13 October  2020, from the delegation of Norway, is being 
circulated pursuant to paragraph 1 of the Decision on the Implementation of Article 66.2 of the 
TRIPS Agreement (IP/C/28).  
 
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1  INTRODUCTION  
1.  Article 66.2 of the TRIPS Agreement requires "developed country Members to provide incentives 
to enterprises and institutions in their territories for the purp ose of promoting and encouraging 
technology transfer to least  developed countr ies in order to enable them to create a sound and viable 
technological base ". The present note provides an overview of the relevant facilities provided by the 
Norwegian Agency fo r Development Cooperation (Norad) and the Norwegian Investment Fund for 
Developing Countries (Norfund).  
2.  Least developed countries are eligible for Norad and Norfund incentive schemes along with other 
developing countries.  
2  THE NORWEGIAN AGENCY FOR DEVELOPM ENT COOPERATION (NORAD)  
3.  Norad is a directorate under the Norwegian Ministry of Foreign Affairs, and is responsible for 
quality -assurance of Norwegian development cooperation. Norad also administers several grant 
programmes for specific purposes, among the m is private sector development. Norad provides 
incentives for technology transfer to least  developed countries (LDCs) through its facilities for 
pre-investment support, strategic partnerships, the Oil for Development programme and the Fish 
for Development  programme. Many other NORAD programmes also include elements of technology 
transfer.  
4.  The facilities for pre -investment support are application -based and untied. The main users are 
Norwegian enterprises. The schemes are open for all kinds of technology tra nsfer, but priority is 
given to investments in renewable energy, agriculture (particularly climate -resilient agriculture in 
Africa), information and communication technologies (ICT) as well as the marine and maritime 
sectors. Technical assistance is the ma in mode of technology transfer but the schemes also include 
investments in basic infrastructure. The financing facilities are fully utilized every year.  
5.  The purpose of the Norad facilities for pre -investment support is to encourage firms to invest in 
developing countries and LDCs. The support schemes intend to pave the way for long -term 
commercially viable investments through financial support for risk -reducing measures and/or 
measures that promote the sustainability and feasibility of private investment projects. The facilities 
promote cooperation, including cooperation relating to transfer of technology, through the support 
of feasibility studies for esta blishing joint ventures or foreign subsidiaries, training in order to 
strengthen the local staff and management of joint ventures or companies that are owned wholly or 
partially by one or more foreign companies, investments in basic environmental infrastru cture and 
basic infrastructure (road, water/sanitation, electricity and telecommunication). The additionality of IP/C/R/TTI/NOR/1  
 
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  Norad 's support to individual companies has been in helping direct investment towards countries 
and regions where companies would not necessari ly have invested otherwise, due to lack of contact 
to facilitate implementation and risk, among other reasons. Disbursements to LDCs for this facility 
in 2019 are listed in table 1.  
6.  The Clean Energy for Development Initiative aims to increase access to ren ewable energy in 
developing countries. The Initiative has provided lasting results for millions of people since it was 
started in 2007. The Initiative focuses on areas where Norway has a special expertise to offer, and 
mobilizes private capital and compete nce in areas such as hydropower, solar, wind and bio -energy. 
The NORAD facilities for pre -investment support has a special window for renewable energy 
investments. Disbursements to LDCs for this facility in 2019 are also included in table 1.  
7.  Norad has also  introduced an instrument called strategic partnerships. Under this grant scheme, 
Norad supports projects where private enterprises and non -commercial organizations jointly address 
specific framework impediments in value chains in developing countries. The  facility is 
application -based and untied. In the most recent application round, Ethiopia, Mozambique, Uganda 
and Malawi were prioritized LDC partner countries. The sectors prioritised for technology transfer 
were agriculture and agro -processing, informati on and communication technology (ICT), and fish 
and marine resources. Disbursements to LDCs for this facility in 2019 are listed in table 2.  
8.  The Norwegian Oil for Development Programme (OfD) aims at assisting developing countries and 
LDCs, upon their reque st, in their efforts to manage petroleum resources in a way that generates 
economic growth, and promotes welfare of the whole population in an environmentally sustainable 
way. The Oil for Development Programme is engaged in a number of other initiatives, e ither directly 
or via other donors and implementing partners. Disbursements to LDCs for this facility in 2019 are 
listed in table 3.  
9.  Within Norwegian development cooperation in fisheries and aquaculture one aim is to introduce 
appropriate technology and sy stems, and over time ensure that these are operated as intended. 
Norway has supported the Nansen Programme for more than 40 years. One central element in the 
programme is the research vessel "Dr. Fridtjof Nansen ". The programme aims at gathering 
informatio n about the marine resources and environment, and support developing countries and 
LDCs in utilizing these data for improved management of their marine resources.  
10.  Since 1990 the programme has mainly been operating in the coastal states of Africa, includin g 
LDCs like Angola, Benin, Democratic Republic of the Congo , The Gambia, Guinea, Guinea Bissau, 
Liberia, Madagascar, Mauritania, Mozambique, Senegal, Sierra Leone and Tanzania. The programme 
has also over the years conducted three surveys in Myanmar. Scientists and managers take part in 
the planning and operation of the surveys, as well as post -survey work. The participants learn about 
instruments and techniques to measure the size and composition of fish stocks as well as 
identification of other organisms in the ocean. Physical parameters of the marine environment  are 
measured continuously. The results are analysed  and formulated as basis for management decisions. 
With time series that are developed, information can be achieved about changes and trends in the 
marine environment and its resources. The data collected  are the property of the country in question. 
The Food and Agriculture Organization of the UN (FAO) manages the programme. The Institute of 
Marine Research in Norway provides scientific expertise.  
3  NORWEGIAN INVESTMENT FUND FOR DEVELOPING COUNTRIES ( NORFUND ) 
About Norfund  
11.  The purpose of Norfund is to contribute to building sustainable commercial businesses in 
developing countries by providing risk capital and expertise. Norfund contributes to economic 
development and sustainable jobs in poor countries throug h the development of profitable 
enterprises, particularly within the fields of clean energy, the financial sector and agribusiness, 
coupled with transfer of knowledge and technology.  
12.  Norfund 's main priority investment region is Sub -Saharan Africa. We also  invest in selected 
countries in South -East Asia and Central America. 33 % of our portfolio should be in least developed 
countries and 50 % in Sub -Saharan Africa. These are areas with a particular shortage of capital and 
expertise. Of new commitments in 2019 , the LDC share was 36% and the Africa share was 61%. 
This amounts to NOK 1.4 billion and NOK 2.4 billion, respectively. Of the total portfolio our IP/C/R/TTI/NOR/1  
 
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  commitment in LDCs is 40%, well above our target of 33%. Norfund has a local presence with offices 
and staff  in all the main geographic areas.  
13.  Norfund concentrate our investments in clean energy, food and agribusiness, and the financial 
sector. From 2019 the investment areas were broadened to also include manufacturing and green 
infrastructure, such as waste ma nagement, water supply and electric transmission. These are 
sectors with high developmental returns and where Norfund 's prerequisites for mobilizing expertise 
of international quality are good. Assistance from Norfund is untied and does not have to be in 
cooperation with Norwegian enterprises. Clean energy is the largest sector of investment, 
representing almost 50% of our total portfolio.  
14.  Norfund provides capital in the form o f equity and debt. Preference is given to equity 
investments because in most dev eloping countries equity is the scarcest type of capital that 
enterprises need. Our direct ownership enables us to be an influential investor and have direct impact 
on company governance. As an equity investor, we have a long -term perspective on our 
invest ments. Technology and competence transfers are an integral part of Norfund 's investment 
activities, both with regard to operational and industrial management, as well as health, safety and 
environmental issues. The development of these elements is core to the organization 's mission.  
15.  Norfund exercises active ownership in the companies and funds it invests in and it often requires 
seats on the investees ' boards or other decision -making bodies. This gives Norfund proximity to 
operations and the possibility of influencing practices and standards over time. Given an ownership 
horizon of 4 -10 years, Norfund works for the creation of a corporate culture that is engaged in 
continuous improvement of corporate governance, and environmental and social standards. Action  
plans are sometimes used to stake out a long -term course for how companies should shift from 
operating according to local standards to using international standards.  
16.  Norfund also has a special business development and support scheme, the Business Support , 
which is financed by the Norwegian Ministry of Foreign Affairs (MFA) to support sustainable 
investments. The Business Support was established in 2000 based on a mutual recognition by the 
MFA, Norad and Norfund of the need for technical and professional a ssistance in relation to 
investment in the private sector in developing countries. The grants contribute to strengthening the 
developmental impacts of Norfund 's investment activities. In 2019 Norfund disbursed NOK 14 million 
to 38 projects, which of 13 wer e exclusively in LDCs. Digitisation is one of the priorities in the 
Business Support strategies, and in 2020 we have seen an increase in applications focusing on 
digitisation after the COVID -19 outbreak.  
Investments in food and agribusiness  
17.  Within the food  and agribusiness sector Norfund in 2019 disbursed around NOK 67 million to 
our directs investments in investees ' operations in least  developed countries. Overview of Norfund 's 
investments in food and agribusiness with disbursements in LDC 's in 2019 are sh own in table 4.  
Investments in clean energy  
18.  Within the field of clean energy, Norfund has several investments involving transfer of state of 
the art technologies to developing countries. Almost NOK 145 million were disbursed to investees 
within clean energ y in LDCs in 2019. Disbursements to LDCs for clean energy investments in 2019 
are listed in table 5.  
Investments in the financial sector  
19.  Financial inclusion is critical to support growth and job creation. When investing in banks, 
microfinance providers, an d other financial institutions Norfund focuses on locally owned financial 
institutions with good growth potential that are suited to creating and delivering valuable services. 
Close to NOK 555 million were disbursed to our direct investments in LDCs within  the financial sector 
in 2019. Overview of Norfund 's equity investments in the financial sector with disbursements in LDCs 
in 2019 is shown in table 6.  
20.  In addition to direct investments, Norfund also invests in funds that focus on small and 
medium -sized en terprises (SMEs). SMEs are important for local value creation and employment, but 
are generally too small and too diverse for Norfund to invest in directly. By investing through local IP/C/R/TTI/NOR/1  
 
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  and regional funds, Norfund can reach enterprises that often have troubl e getting finance from 
formal banks.  
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  IP/C/R/TTI/NOR/1  
 
- 5 - ANNEX 1: ILLUSTRATIVE TABLES1 
The following six tables are provided to show concrete examples of disbursements to least  developed countries from the Norwegian facilities described above. 
When reading them, keep in mind that transfer of technology may be one of several objectives that the facility/incentive is m eant to serve. The amounts below 
are in Norwegian Kroner (NOK), and should not be interpreted as support exclusively to technology transfer. Please note also that there are some variations to 
the formats of the tables, due to different sources and reporting s ystems. For calculation purposes the exchange rate was the following at the end of 2019 
(30 December): USD 1 = 8.80 NOK.  
Table 1: Norad 's facilities for pre -investment support  
Title of project/  
programme incentive  Enterprise development for jobs  
Policy o bjective/purpose  To encourage firms to invest in developing countries and LDCs  
Funding agency  The Norwegian Agency for Development Cooperation (Norad)  
Actors eligible for support  Private companies  
Type of technology transfer  Privately owned technology related to investments within each sector mentioned below.  
Ongoing projects in LDCs  
(disbursements in NOK millions)  Recipient country  DAC Sub sector  2018  
 Myanmar  20 - Hydro -electric power plants  4.8 
  30 - Solar energy for centralised grids  0.1 
  20 - Fishery development  0.9 
  31 - Electric power transmission and distribution (isolated 
mini-grids)  0.9 
  81 - Agricultural education and training  0.2 
 Malawi  20 - Hydro -electric power plants  2.8 
  61 - Agro-industries  0.4 
 Tanzania  40 - Wind energy  2.1 
  67 - Energy manufacturing  0.6 
 Uganda  40 - Information and communication technology (ICT)  1.4 
 
1 In English and French only.   
  IP/C/R/TTI/NOR/1  
 
- 6 - Title of project/  
programme incentive  Enterprise development for jobs  
  31 - Solar energy for isolated grids and standalone systems  1.1 
 Bangladesh  30 - Solar energy for centralised grids  2.1 
 Mali 30 - Solar energy for centralised grids  1.7 
 Rwanda  20 - Hydro -electric power plants  1.4 
 Zambia  20 - Hydro -electric power plants  0.6 
 Ethiopia  91 - Medical services  0.5 
  30 - Solar energy for centralised grids  0.1 
 Myanmar  20 - Hydro -electric power plants  4.8 
 Grand Total    21.6 
 
   
  IP/C/R/TTI/NOR/1  
 
- 7 - Table 2: Norad 's Strategic Partnerships  
Title of project/ programme incentive  Strategic partnership for strengthening framework conditions for the private sector  
Policy objective/purpose  To address specific bottlenecks in value chains in developing countries and LDCs  
Funding agency  The Norwegian Agency for Development Cooperation (Norad)  
Actors eligible for support  Non-commercial actors in cooperation with the private sector  
Type of technology transfer  Technology within the specific sectors listed below  
Ongoing projects in LDCs (disbursements in NOK millions)  Recipient country  DAC Sub sector  2018  
 Ethiopia  20 - Agricultural development  4.9 
  50 - Agricultural inputs  8.2 
  61 - Food crop production  1.9 
  30 - SME development  11.8 
   30 - Vocational training  2.8 
 Uganda  20 - Agricultural development  7.9 
  62 - Industrial crops/export crops  2.0 
   40 - Information and communication technology (ICT)  4.9 
 Mozambique  30 - Vocational training  8.6 
   20 - Agricultural development  4.0 
 Zambia  81 - Fishery education and training  7.1 
 Nepal  30 - Vocational training  3.1 
 Tanzania  20 - Agricultural development  1.5 
 Grand Total    68.7  
  IP/C/R/TTI/NOR/1  
 
- 8 - Table 3: Oil for Development Programme  
Title of project/ programme incentive  Oil for Development Programme  
Policy objective/purpose  To offer assistance to developing countries in their effort to manage petroleum resources in a sustainable manner  
Funding agency  The Norwegian Agency for Development Cooperation (Norad)  
Actors eligible for support  Government institutions  
Type of technology transfer  Resource management, safety management, environmental management and revenue management within the pet roleum 
sector.  
Ongoing projects in LDCs (disbursements in NOK 
millions)  Recipient country  2018 
 Mozambique  28.3 
 Uganda  25.1 
 Myanmar  22.7 
 Tanzania  17.1 
 Angola  7.4 
 Somalia  5.7 
 Sudan  5.4 
 South Sudan  1.5 
 Benin  1.0 
 Grand Total  114.2  
 
   
  IP/C/R/TTI/NOR/1  
 
- 9 - Table 4: Norfund 's investments in food and agribusiness with disbursement in LDCs in 201 9 
(A short description of the investees is given below the table)  
Title of project /Programme incentive  DFI - Development Finance Institution  
Policy objective/purpose  Contribute to development of profitable enterprises  
Funding agency  Norfund  
Actors eligible for support  Private Sector Enterprises  
Field of Tech Transfer  Food and Agribusiness  
Type of Tech Transfer  Risk capital and expertise  
Ongoing projects in LDC 's 
(disbursements/commitments in NOK millions)  Country  Name of project  Sub sector  Disbursed 
in 201 9 
(NOK)   Total 
commitment 
(NOK)  Type of 
capital  Year of 
initial 
commitment  
Uganda, Zambia  African Century Foods (ACF)  Agriculture  3.883.000  3.388.000  Equity /loan 2013 
Malawi  Nyama World Malawi Ltd  Meat 
production/processing  1.353.000  233.010.000  Loan 2017 
Mozambique  African Century Real Estate  Construction  1.765.000   
Equity  2015 
Mozambique  Neofresh  Agriculture, forestry 
and fishing  8.430.000  42.972.000  Equity/loan  2017 
Ethiopia  Marginpar Group  Agriculture  3.132.000  11.302.000  Equity  2018 
Tanzania, Uganda , Mozambique  Green Resources  Forestry  47.863.000  288.129.000  Equity /loan 2009 
Tanzania  Vertical Agro (Sunripe & 
Serengeti Fresh)  Agriculture, forestry 
and fishing  499.000  9.775.000  Loan 2014  
  IP/C/R/TTI/NOR/1  
 
- 10 - A short description of the companies in table 4:  
Investee  Description  
African Century Foods  An integrated producer of fish, tilapia, with operations in Zimbabwe, Zambia and Uganda.  
Nyama World, Malawi  A meat production and processing company. The loan will contribute to the development of a modern Halaal certified abattoir a nd refrigerated 
transport services that will ensure proper slaughter, carcass preparation and preservation of meat and meat products.  
Africa Century Real Estates 
Ltd (ACRE)  Africa Century Real Estates Ltd (ACRE) is a developer of commercial and industrial property with opera tions in northern Mozambique.  
Neofresh, Mozambique  Neofresh specialize in the production, packing and marketing of litchi and papaya. The company has professional skills and te chnology in sub -tropical 
fruit production with operation in South Africa and Mo zambique.  
 
Neofresh invests significantly in genetic research and development of new papaya varieties for in -house propagation. This has resulted in achieving 
high yielding, disease resistant and well -shaped varieties well -suited to the local climate, and in high market demand.  
Marginpar Group (Starbright 
Holding Ltd.)  Marginpar is one of the leading players in marketing and sales of summer flowers from Tanzania, Kenya, Ethiopia and Zimbabwe.  Marginpar has as 
the first companies in the world developed a pr ocess for instant freezing of Avocado and are now exporting frozen avocado to China.  
Green Recources  Green Resources is East Africa 's largest forest development and wood processing company. The company has 38,000 ha of standing forest in 
Mozambique, Tanza nia and Uganda, established through its own planting activities. It operates East Africa 's largest sawmill in Tanzania and 
electricity pole and charcoal plants in Mozambique.  
Vertical Agro (Sunripe & 
Serengeti Fresh)  Vertical Agro Limited is one of the oldest horticulture exporters with presence in Kenya, Tanzania and Ethiopia. The three key business areas are: 
primary production of fruit and vegetables, packaging and marketing. Norfund loan facility allow Vertical Agro expand its pro duct range, improve 
yields and providing market access to smallholder farmers.  
 
   
  IP/C/R/TTI/NOR/1  
 
- 11 - Table 5: Norfund 's investments in clean energy with disbursements in LDC 's in 201 9 
A short description of the investees is given below the table  
Title of project /Programme incentive  DFI - Development Finance Institution  
Policy objective/purpose  Contribute to development of profitable enterprises  
Funding agency  Norfund  
Actors eligible for support  Private Sector Enterprises  
Field of Tech Transfer  Clean Energy  
Type of Tech Transfer  Risk capital and expertise  
Ongoing projects in LDC 's 
(disbursements/commitments in NOK 
millions)  Country  Name of project  Sub 
sector  Disbursed 
in 201 9 
(NOK)  Total 
commitment 
(NOK)  Type of 
capital  Year of initial 
commitment  
Uganda , 
Malawi, 
Zambia, Sierra 
Leone, Guinea, 
Rwanda  rAREH  Hydro  
and Solar  70.273.950  209.002.000  Equity  2017 
Myanmar  Yoma Micropower  Solar 19.088.941  30.306.000  Equity  2017 
Lao PDR  Nam Sim Power Company Ltd  Hydro  833.000  33.963.000  Loans  2017 
Zambia  New Africa Power  Hydro  3.235.000  15.876.000  Equity  2017 
Uganda  M-kopa Solar 6.613.242  20.815.000  Loan 2017 
Madagascar, 
Uganda, Mali, 
Burkina Faso WeLight  Solar 43.668.000  43.245.000  Equity/loan  2019 
 
   
  IP/C/R/TTI/NOR/1  
 
- 12 - A short description of the companies in table 5:  
Investee  Description  
Responsibility Renewable 
Energy Holding (rAREH)  A company with the aim to develop, construct and operate small -scale renewable energy projects in Africa. To date the company has invested 
in a number of hydropower and solar projects  
Yoma Micropower PD  Yoma Micro Power installs and operates hybrid energ y systems (solar, batteries, diesel generator) at telecom towers in rural Myanmar. In some 
locations the company will expand the power supply to the households in the village. The company is also expanding to provide  rooftop solar 
solutions to industrial a nd commercial customers in Myanmar.  
Nam Sim Power Company  The power plant has a critical role to increase the electrification rate in Huapha region, the poorest in Laos. Unfortunately , the operator has 
failed to meet their financial obligations and the pl ant is not completed. This underline the high risk of operating in LCD -countries. Norfund 
together with other financial lenders are in process of finding a solution so the plant can be completed and operated as plan ned.   
New Africa Power  
 New Africa Power plans to exploit the Zambia 's significant untapped hydropower resources by developing a  65 MW portfolio of small -scale run -of-
the-river hydropower projects, thereby ensuring alignment with the government 's economic and social development programme.  
M-Kopa M-KOPA Solar, headquartered in Nairobi, provides "pay-as-you-go" electricity from solar systems through mobile phone payments. Since its 
commercial launch in October 2012, M -Kopa has connected more than 750,000 homes in Kenya , Tanzania and Uganda to solar power and is 
the leading off grid "pay-as-you-go" electricity provider in East Africa. The main development effects relate to the improved electricity services 
for households not connected to or underserved by the national gr id. 
WeLight  WeLight is a mini -grid company with commitment to provide reliable, accessible and renewable energy to people in isolated rural areas of 
Madagascar, with expansion opportunities in other sub -Saharan African countries.   
 
   
  IP/C/R/TTI/NOR/1  
 
- 13 - Table 6: Norfund 's investments in Financial Institutions with disbursement in LDC 's in 201 9 
Title of project /Programme incentive  DFI - Development Finance Institution  
Policy objective/purpose  Contribute to development of profitable enterprises  
Funding agency  Norfund  
Actors eligible for support  Private Sector Enterprises  
Field of Tech Transfer  Financial Institutions  
Type of Tech Transfer  Risk capital and expertise  
Ongoing projects in LDC 's with 
disbursement in 2017 and/or 2018 
(disbursements/commitments in NOK 
millions)  Country  Name of 
project  Sub sector  Disbursed in 
2018  Total 
commitment  Type of 
capital  Year of initial 
commitment  
Angola, Zambia, 
Tanzania, 
Mozambique, Malawi, 
Madagascar, Rwanda  AfricInvest 
Financial 
Inclusion 
Vehicle 
(FIVE)  Banking  20.714.000  84.731.000  Equity  2018 
Tanzania, Uganda, 
Zambia, Mozambique, 
Burkina Faso, Rwanda, 
Benin, Mali, Senegal, 
Togo,  Arise B.V.  Banking  272.476.000  1.483.801.000  Equity  2016 
Bangladesh  Mutual 
Trust Bank 
Limited  Banking  185.311.000  351.799.000  Equity/loan  2019 
Myanmar, Cambodia, 
Uganda, Mozambique, 
Tanzania  NMI GP IV AS  Microfinance  10.075.000  10.080.000  Equity  2018 
Tanzania , Uganda, 
Zambia, Mozambique, 
Burkina Faso, Rwanda, 
Benin, Mali, Senegal, 
Togo Norfinance 
AS Banking  64.788.000  275.345.000  Equity  2013  
  IP/C/R/TTI/NOR/1  
 
- 14 - A short description of the companies in table 6:  
Investee  Description  
AfricInvest Financial 
Inclusion Vehicle (FIVE)  Is an evergreen investment firm which targets equity investments in financial institutions. FIVE 's core targets are established mid -size African banks 
and insurers, as well as microfinance and leasing institutions, and in the future the unbanked and SME segments.  
Arise B.V., SUB Sahara 
Africa  Through Arise, a holding company with investments in financial institutions, Norfund and partners are partners are committed to strengthen and 
develop effective, inclusive financial systems in Africa through among others technical assistance and management  services in innovation, compliance 
and risk management.  
Mutual Trust Bank Limited  A commercial bank which promotes access long -term loans for small and medium sized companies, green projects and export -oriented industries.  
NMI GP IV  NMI (Nordic Microf inance Initiative) is a fund owned by several Nordic private investors and Norfund. This is Norfund 's main vehicle for investing in 
microfinance in Africa and Asia.  
Norfinance  NorFinance  AS is a specialised investment company investing in the Financial Services sector in Africa. Norfund owns 49% in  NorFinance  along with 
3 other  Norwegian private investors.   IP/C/R/TTI/NOR/1  
 
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  For further information and details, please contact:  
 
Norwegian Agency for Development Cooperation (Norad)  
Department for Private Sector Development  
P.O. Box 8034 Dep., N -0030 Oslo, Norway  
Tel: +47 23 98 00 00  
Email: postmottak@norad.no  
Website: www.norad .no 
 
 
Norwegian Investment Fund for Developing Countries (Norfund)  
P.O. Box 1280 Vika,  
N-0111 Oslo, Norway  
Tel: +47 22 01 93 93  
Fax: +47 22 01 93 94  
Email: post@norfund.no  
Website: www.norfund.no  
 
 
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