# Norsad Capital

Norsad Capital is a Corporate Investor based in Gaborone, Botswana.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Gaborone, Botswana
- **Region:** Africa
- **Address:** First Floor, Peelo Place, Western Commercial Road, CBD, Gaborone, Botswana
- **Founded:** 1990
- **Assets under management:** Undisclosed
- **Website:** norsadcapital.com
- **LinkedIn:** https://www.linkedin.com/company/norsad-capital-limited

## Regulatory record

- **Reports private funds:** No

## About

Norsad Capital is an impact investor and private credit provider offering structured debt to mid-market growth companies in Africa.

## Sectors

- Private Credit
- Financial Institutions
- Food Value Chain
- Soft & Social Infrastructure
- Manufacturing

## Offices

- Johannesburg, South Africa

## People

- Vusi Raseroka — Chief Executive Officer
- Mpho Ratladi — Chief Financial Officer
- Allan Mutenda — Chief Risk Officer
- Carol–Jean Harward — Portfolio Director
- John Rossouw — Portfolio Director

## Questions

### Is Norsad Capital a fund manager or a corporate investor?

Norsad Capital operates as a corporate investor deploying proprietary capital rather than managing third-party limited partner commitments. This balance-sheet structure eliminates fund-life constraints and allows the firm to offer bespoke private credit terms. The firm does not solicit external LP capital.

### How does Norsad measure impact?

Norsad targets companies that can demonstrate positive social or economic impact alongside financial returns, framing this as "profit with purpose." The firm has set a public goal to positively affect the lives of 100 million Africans by 2030. Specific impact metrics per investment are not disclosed on its public website.

### What is Norsad's geographic footprint?

Norsad covers sub-Saharan Africa, with its principal operational area in Southern Africa. It maintains offices in Gaborone, Botswana and Johannesburg, South Africa. The firm's portfolio includes investments in Zimbabwe and Zambia, validating its cross-border sub-Saharan reach.

## Related profiles

- [Norrsken VC](https://altss.com/profile/norrsken-vc)
- [Norselab Group](https://altss.com/profile/norselab-group)

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Last updated: 2026-06-03T20:00:00.000Z

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