What stage does Norsad Capital invest at?

Norsad Capital invests at the Growth stage.

What is Norsad Capital's typical check size?

Norsad Capital typically writes checks of $5M.

Where is Norsad Capital located?

Norsad Capital is headquartered in Gaborone, BW.

Norsad Capital

Venture debt

Gaborone · Growth · 13 people tracked

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Investment thesis

Norsad Capital is a pure-play private credit and impact investor focused on sub-Saharan Africa, with its principal operational area in the Southern Africa region. It provides flexible debt financing to profitable companies that can generate positive social impact while delivering strong financial returns under a 'profit with purpose' approach. The firm seeks financing opportunities of USD 5 million or more and offers a range of debt instruments including stretch senior, unitranche, second-lien and mezzanine finance. Its sector focus spans financial institutions, food value chains, soft and social infrastructure, and manufacturing, aiming to build industry champions and regional players while positively impacting the lives of 100 million Africans by 2030.

Invests inAdvanced Manufacturing AgTech Fintech Impact & Social GoodSector AgnosticAfrica

Source: firm website, verified Aug 3, 2026.

Stage

Growth

Check

$5M

Gaborone, BW

Instruments

Debt

Tracked investments

Team · 13 people

from the firm's website

Vusi Raseroka· Chief Executive Officer· City of Johannesburg, Gauteng, South Africain

Holds a Bachelor's in Accounting from the University of Botswana and is a Fellow Certified Chartered Accountant, with over 20 years of experience in advisory, private capital and fund management focused on infrastructure and project finance in Sub-Saharan Africa. Serves on various boards across Africa.

Allan Mutenda· Chief Risk Officer· Gaborone, Botswanain

Holds an honours degree in Banking and is pursuing an MSc in Financial Management at Heriot-Watt University, with over 20 years of experience as a Chief Risk Officer across Southern African institutions covering enterprise, credit, market, liquidity, capital and operational risk.

Bopelo Maika· Portfolio Analyst· Gaborone, Botswanain

Holds a Bachelor's in International Finance and Banking from Sheffield Hallam University, is a certified Commercial Banking and Credit Analyst, and holds a postgraduate certificate in credit risk analysis. Began her career in private credit and joined Norsad in March 2023.

Carol-Jean Harward· Portfolio Director

Holds a Bachelor of Finance from the University of Botswana, an MBA in Finance from the University of New Brunswick and is a Certified International Investment Analyst, experienced across equities, structured credit and fixed income with multilateral and regional financial institutions.

Felicia Fanikiso· Finance Manager

Holds a BBusSci in Finance with Accounting and a Postgraduate Diploma in Accounting from the University of Cape Town and is a registered Chartered Accountant (SA), experienced in external audit, financial reporting, tax and risk management.

Gorata Ogotseng· Stakeholder Relations Manager· Gaborone, Botswanain

Holds a Postgraduate Diploma in Business Management and Administration from Stellenbosch Business School and a Bachelor in Business Administration, with experience in corporate and investment banking, insurance and pension fund consulting in Southern Africa.

John Rossouw· Portfolio Director· City of Johannesburg, Gauteng, South Africain

A Certificated Associate of the Institute of Bankers with a Bachelor of Commerce in Accountancy, experienced in portfolio risk and operations management across Southern African banks and financial institutions.

Mabedi Mphinyane· Portfolio Manager

A Chartered Accountant and member of both CIMA and the Botswana Institute of Accountants, holding a postgraduate certificate in enterprise risk management, with experience in auditing, corporate finance and risk management.

Mpho Raditladi· Chief Financial Officer

Holds a BCom in Accounting and an honours degree in Accounting Science and is a registered Chartered Accountant (SA), with experience in financial reporting, corporate finance, banking and M&A.

Mpho Ratladi· Chief Financial Officerin

Holds a BCom in Accounting and an honours in Accounting Science and is a registered Chartered Accountant (SA), with experience in financial reporting, corporate finance, banking and M&A.

m•••@norsadcapital.comreveal

Prince Matlapeng· Junior Portfolio Analyst· Gaborone, Botswanain

Holds an honours degree in International Finance and Banking from Sheffield Hallam University and is a CFI-certified Financial Modeling and Valuation Analyst. Joined Norsad in March 2023.

Shaka Dhlodhlo· Portfolio Manager

Holds a BCom in Investment Management from the University of Pretoria, the PRM designation and an MBA from the Australia Institute of Business, with a track record in investment banking and risk management focused on financial solutions in Africa.

Sinothile Bulose· Portfolio Manager

A Chartered Global Management Accountant (CIMA) with an honours degree in Financial Management from the University of Johannesburg, experienced in risk control, governance, finance and investment banking across Sub-Saharan Africa.

Investments · 1 tracked

founders shown can be your intro path

Riverside Solar Power Station

Solar power station in Zimbabwe from which Norsad Capital announced a successful exit.

Frequently asked questions

What stage does Norsad Capital invest at?: Norsad Capital invests at the Growth stage.
What is Norsad Capital's typical check size?: Norsad Capital typically writes checks of $5M.
What sectors does Norsad Capital focus on?: Norsad Capital focuses on Advanced Manufacturing, AgTech, Fintech, Impact & Social Good, Sector Agnostic.
Where is Norsad Capital located?: Norsad Capital is headquartered in Gaborone, BW.

Media · Podcasts & interviews

from their channel

Kenny Nwosu CEO Norsad Finance

Norsad Finance

Images

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