Norwegian State-owned fund Norfund is angling for small-ticket deals as it looks to deepen its appetite for businesses in Kenya and the rest of Africa, which are scouting to raise capital away from commercial bank financing.
The fund said that it will trim its transaction ticket size to about Sh645 million ($5 million) from the standard Sh2.6 billion ($20 million) to unlock opportunities for a wider pool of Kenya’s budding medium-sized businesses to access growth capital.
