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New CEO

In coming Chief Executive Officer 39-year-old Sari Nikka is no stranger to Africa. She has, over the past ten odd years, been travelling to the continent about three times a year. As a project finance advisor for non OECD countries for Finnevera, a specialised financing company promoting finish exports by offering export credit guarantees she helped set up many projects and is particularly proud of one.

NORSAD Grants Largest Loan Ever

A NORSAD loan of US Dollars 5 million will assist the Industrial Credit Company provide financial facilities to projects that otherwise would be almost out of reach to NORSAD. NORSAD has granted its largest loan ever to the Industrial Credit Company (ICC), the leading leasing finance institution in Zambia.

NORSAD's First Project in Lesotho

GMT was established in 1995. It is located in the Capital Town of Lesotho; Maseru. With assistance from Africa Project Development Facility and South African International Business Linkages; GMT managed to secure a loan of ZAR 2,800, 000 from NORSAD in November 2004 to expand its operations by upgrading its facilities and increase its working capital.

NORSAD and ABC Partnership

NORSAD Hardly a year after granting USD5M credit line to Industrial Credit Company (ICC), NORSAD has approved yet another line of credit of the same value but this time to the African Banking Corporation Zambia Limited (ABC). However, this credit line is special.