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GroFin Africa Fund

GroFin Africa Fund offers loans and equity capital in local currency to small enterprises in South Africa, Kenya, Uganda, Tanzania, Rwanda, Nigeria and Ghana. The fund’s total capital corresponds to NOK 990 million. Norfund’s co-investors include IFC, CDC, FMO, the African Development Bank (AFDB), Shell Foundation, EIB and Proparco, in addition to GroFin itself. GroFin takes an active approach to its investments, and in addition to providing equity capital and loans, GroFin acts as advisors to its borrowers in fields such as management, marketing, financial planning and reporting. This is a good starting point for establishing viable small enterprises over time, thereby contributing to poverty alleviation, establishment of new places of employment and economic growth.


  • Company: GroFin Africa Fund
  • Sector: Investment fund
  • Investment year: 2008
  • Instrument: Fund
  • Committed amount (MNOK): 73,2