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President Kagame receives founder of Norrsken Foundation, Adalberth

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President Paul Kagame yesterday received Mr. Niklas Adalberth, Founder of the Norrsken Foundation, a Swedish non-profit, non-religious and non-partisan foundation which supports and invests in entrepreneurs that have a positive impact on society by working with the world’s greatest challenges, such as poverty, famine, environmental issues, mental health and discrimination.

Before holding talks with Kagame after meeting with Rwanda’s entrepreneurs including those registered to benefit from its programs.

Norrsken Foundation is currently building East Africa’s largest hub for entrepreneurship and innovation in the old premises of the Ecole Belge in Kigali which is set to offer business incubation programs to over 1,000 entrepreneurs and provide funding to grow their businesses.

When Norrsken purchased the site in 2019, it had been vacant since the school’s relocation in 2017. Norrsken seeks, among other things, to revive one of the most important landmarks in Kigali and turn it into a place where education, innovation and entrepreneurship will join to generate solutions for scalable growth and development in Kigali and throughout the region.

Before heading to Village Urugwiro, Adalberth met with the Minister of Trade and Industry, Béata Habyarimana; the Minister of Technology and Innovation, Paula Ingabire and the CEO of Rwanda Development Board (RDB), Clare Akamanzi.

In 2005, Niklas Adalberth co-founded Klarna, Europe’s highest valued private fintech company.

Adalberth co-founded the company with colleagues Victor Jacobsson and Sebastian Siemiatkowski from Stockholm School of Economics.

Currently, the company has estimated assets of over US$30 billion and netted US$700 million profit last year.

In 2015 Niklas left Klarna with the aim to give back to the world. Adalberth founded Norrsken Foundation, a Swedish non-profit foundation supporting and investing in impactful start-ups with the potential to radically improve the world. He has, so far, injected US$126 million in the foundation.

In 2020, Norrsken Foundation worked with 450 entrepreneurs from 130 companies.

Norrsken Foundation plans to establish 20 hubs worldwide.

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