Scalable Enterprises – Direct portfolio 2021

InvestmentCountryInvestment yearSectorInstrumentOwner shareDomicileCommitted (MNOK)
Phatisa Food Fund 2Africa2021Agriculture forestry and fishingFunds0%Mauritius172.8
SPECIAL ICE COMPANY LIMITEDGhana2021Manufacture of beveragesLoans0%Ghana61.7
Seba FoodsZambia2021Manufacture of beveragesLoans0%Zambia44.1
Kagera Sugar LimitedTanzania2020Crop and animal productionLoans0%Tanzania132.2
FESMalawi2020Agriculture forestry and fishingLoans Equity23%Mauritius117.4
Lilongwe Dairy (2001) LimitedMalawi2020Crop and animal productionLoans0%Malawi86.4
Sundry FoodsNigeria2019Manufacture of food productsEquity13%Nigeria65.1
Marginpar GroupAfrica2018Crop and animal productionEquity18%Mauritius93.3
NeofreshAfrica2017Crop and animal productionLoans Equity34%Mauritius78.9
Nyama World Malawi LtdMalawi2017Crop and animal productionLoans0%Malawi29.1
African Century NampulaMozambique2017Real estate activitiesEquity32%Mozambique4.9
Associated Foods Zimbabwe (AFZ)Zimbabwe2016Manufacture of food productsLoans0%Zimbabwe17.6
Freight in TimeAfrica2015Transportation and storageLoans Equity24%Mauritius70.3
African Century Real Estates Ltd.Mozambique2015Construction of buildingsEquity21%Mauritius32.9
African Century Infrastructure Services Ltd.Africa2014Other service activitiesLoans Equity17%Mauritius81.6
Vertical Agro (Sunripe & Serengeti Fresh)Africa2014Crop and animal productionLoans0%Mauritius53.6
Lake Harvest GroupAfrica2013Fishing and aquacultureLoans Equity33%Mauritius140.2
ASILIA (African Spirit Group Limited)Africa2013TourismLoans Equity32%Mauritius132.8
UAP Properties LimitedSouth Sudan2013Real estate activitiesLoans0%South Sudan8.8
AgrivisionZambia2012Agriculture forestry and fishingEquity24%Mauritius161.6
Across Forest ASNicaragua2012Forestry and loggingLoans0%Norway1.3
TPS Dar es SalaamTanzania2011TourismLoans29%Kenya5.3
Basecamp ExplorerKenya2010TourismEquity39%Kenya36.4
Green Resources USDAfrica2009Forestry and loggingEquity51%Norway560.8
Africado Ltd.Tanzania2009Agriculture forestry and fishingEquity33%Mauritius7.1
European Financing Partners SAGlobal2006Investment fundsLoans Equity6%None525.9
Afrinord Hotel InvestmentsAfrica2005TourismLoans Equity20%Denmark25.4

About Norfund’s investments in scalable enterprises