NORSAD is a joint Nordic/Southern African
Development Community (SADC) initiative, which started its operations in 1991.
The purpose is to contribute to the development of the
private sector in the participating SADC countries: Angola, Botswana, Lesotho, Malawi, Mauritius,
Mozambique, Namibia, Swaziland, Tanzania, Zambia and Zimbabwe.
This is done through direct or indirect
financing of SME's (small and medium sized enterprises) in order for
them to start and/or expand their activities.
NORSAD makes use of the capital of the NORSAD fund, which has
been provided by the participating Nordic countries: Denmark, Finland, Norway and Sweden.
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