Scalable Enterprises – Direct portfolio 2020

InvestmentCountryInvestment yearSectorInstrumentNorfund owner shareDomicileCommitted amount (MNOK)
Kagera Sugar LimitedTanzania2020AgribusinessLoansTanzania127.6
Lilongwe Dairy (2001) LimitedMalawi2020AgribusinessLoansMalawi49.4
FESMalawi2020AgribusinessEquity and Loans23 %Mauritius115.9
Sundry FoodsNigeria2019Retail trade, except of motor vehicles and motorcyclesEquity13 %Nigeria64.9
Marginpar GroupAfrica2018AgribusinessEquity and Loans18 %Mauritius114.6
Verde Beef ProcessingEthiopia2017AgribusinessLoansUnited Kingdom41.8
African Century NampulaMozambique2017Real estate Equity32 %Mozambique4.9
NeofreshAfrica2017AgribusinessEquity and Loans34 %Mauritius73.4
Nyama World Malawi LtdMalawi2017AgribusinessLoansMalawi28.2
Associated Foods Zimbabwe (AFZ)Zimbabwe2016AgribusinessLoansZimbabwe17.0
African Century Real Estates Ltd.Mozambique2015Real estateEquity21 %Mauritius32.9
Freight in TimeAfrica2015Transportation and storageEquity and Loans24 %Mauritius70.2
Vertical Agro (Sunripe & Serengeti Fresh)Africa2014AgribusinessLoansMauritius51.8
African Century Infrastructure Services Ltd.Tanzania2014Other service activitiesEquity and Loans17 %Mauritius56.0
ASILIA (African Spirit Group Limited)Africa2013TourismEquity and Loans30 %Mauritius130.2
UAP Properties LimitedSouth Sudan2013Real estate LoansSouth Sudan14.2
Lake Harvest GroupAfrica2013Fishing and aquacultureEquity and Loans33 %Mauritius117.9
AgrivisionZambia2012AgribusinessEquity24 %Mauritius161.5
Across Forest ASNicaragua2012Forestry and loggingLoansNorway1.0
TPS Dar es SalaamTanzania2011TourismLoans29 %Kenya5.0
Basecamp ExplorerKenya2010TourismEquity39 %Kenya21.7
Africado Ltd.Tanzania2009AgribusinessEquity33 %Mauritius7.1
Green Resources USDAfrica2009Forestry and loggingEquity42 %Norway560.7
European Financing Partners SAGlobal2006Investment fundsEquity and Loans6 %None514.5
Afrinord Hotel InvestmentsAfrica2005TourismEquity and Loans20 %Denmark25.9

About Norfund’s investments in scalable enterprises