Norfund, FMO and Rabobank pool African financial services investments.

on

The Norwegian state-owned fund Norfund and the two Dutch lenders, Rabobank and FMO,  have created Arise, a new venture based in South Africa, which starts with $660 million in assets in over 10 countries and expects to grow to $1 billion in five years.

New European banking regulations have made it more expensive to hold foreign investments, so Rabobank teamed up with the development banks rather than exit its African investments. Arise aims to boost access to financial services for Africa’s unbanked individuals, small businesses and agriculture sector.

- Promotion -

 

Picture: (c) Sarine-Arslanian—shutterstock.com

Partner content

In the current economic environment, even the strongest companies will face challenges from the impact of the COVID-19 pandemic. Perhaps now more than ever, understanding the factors that could have a material impact on a company’s sustainability will play a role in investment decision-making.

NordSIP Insights

Most read this week

Stakeholders React to Proposed ESG Amendments to MIFID II

Stockholm (NordSIP) - In the latest step of the process of legislating a sustainable investment infrastructure for the European Union, the European Commission requested...