Impact investor Norsad Finance invests US$8.76m in commercial agricultural bank Grobank

SOUTH AFRICA – Norsad Finance, an impact investor providing structured financing solutions to mid-market growth companies in Southern Africa, has provided a R150 million (US$8.76m) medium-term facility to Grobank, a South African specialised commercial agricultural bank. The deal was completed in March 2020. This facility is Norsad’s second investment in South Africa and further supports its diversification across the Southern Africa region. “We are delighted to partner Grobank in their strategy to support the full value-chain of the food and agriculture sector. Agribusiness is one of the mainstays of the…

Read More