Norfund provides US$8-million equity investment to Redsun Dried Fruits & Nuts (South Africa)

Norfund has provided an US$8-million equity investment to Redsun Dried Fruits & Nuts, a company that produces raisins and pecans in the Northern Cape province of South Africa. Redsun Dried Fruits & Nuts was established in 2009 and intends to expand its processing capabilities for exports to predominantly the US and EU regions. The company operates in the main raisin producing region of South Africa, where 90% of the product is produced.

Norfund is the Norwegian investment fund for developing countries with a mission to create jobs and to improve lives by investing in businesses that drive sustainable development. Norfund is owned and funded by the Norwegian Government to strengthen the private sector in developing countries and for reducing poverty in line with the UN Sustainable Development Goals. Norfund is willing to assume more risk to prioritise projects that have strong potential development effects and profitability.

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