Norway's investment fund for developing countries; Norfund has appointed Zimbabwean finance veteran Pindie Nyandoro as their Regional Director for Southern Africa. Nyandoro is a non-practising lawyer by training with a banking background.
She previously worked for Standard Bank Africa as Regional Chief Executive for South Central Region from 2002 to 2021. Prior to that role, she worked for Standard Chartered Bank from 1991 to 2002.
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She previously worked for Standard Bank Africa as Regional Chief Executive for South Central Region from 2002 to 2021. Prior to that role, she worked for Standard Chartered Bank from 1991 to 2002.
This appointment is her first job in Development Finance. "I think I’ve always admired DFIs (Development Finance Institutions) from a distance. When you’re African and working with banks, you hear a lot about DFIs. So when the opportunity came, there was this history [for me]. It’s something I’ve always wanted to do. It coincided with the fact that I liked the developmental, the impact side, that DFIs tend to have as part of their mandate." she said in an update published on the Norfund blog.
Norfund is a development finance institution founded by the Norwegian Parliament in 1997 and owned by Norway's Ministry of Foreign Affairs. The fund receives its investment capital from the state budget. Its head office is located in Oslo with local offices in Thailand, Costa Rica, Kenya and Ghana.
Its Southern African office has operated from different regional locations since 2003. After having operated from Maputo, Mozambique for seven years, the current office in Cape Town was opened in February 2020. At the end of 2020, Norfund had committed investments totalling US$ 3 billion in 170 projects.