Andreas Motzfeldt Kravik - Deputy Foreign Minister, Norwegian Ministry of Foreign Affairs; Naana Winful Fynn - Regional Director, West Africa, Norfund; Kola Aina - Founding Partner, Ventures Platform; Svein Baera - Ambassador of Norway to Nigeria, Togo, Cameroon, and Benin.

The Norwegian Investment Fund for developing countries (Norfund) has committed capital to Ventures Platform Pan-African Fund II (VP PAF II), marking a fresh vote of confidence in Africa’s technology ecosystem and signalling deeper Norwegian interest in Nigeria’s fast-growing startup sector.

The investment commitment was announced during a visit to Lagos by a high-level Norwegian delegation led by Andreas Motzfeldt Kravik, Deputy Foreign Minister, Norwegian Ministry of Foreign Affairs, which engaged with key players in Nigeria’s innovation ecosystem as part of efforts to strengthen partnerships around entrepreneurship, technology and long-term economic development.

Speaking during the engagement, Naana Winful Fynn, Head of West Africa at Norfund, said Nigeria remains one of Africa’s most vibrant innovation hubs, driven by entrepreneurs developing solutions to pressing economic and social challenges.

“Nigeria’s innovation ecosystem is one of the most dynamic on the African continent, driven by talented, resilient entrepreneurs who are building solutions to real and pressing challenges,” she said.