Scalable Enterprises – Direct portfolio 2022

InvestmentCountryInvestment yearSectorInstrumentOwnership shareDomicileCommitted (MNOK)
Across Forest ASNicaragua2012Forestry and loggingLoansN/ANorway0.315
Green Resources USDRegional2009Forestry and loggingEquity51%Norway558.9
European Financing Partners SAGlobal2006Investment fundsLoans Equity8%None267.7
AgDevCoRegional2022Agriculture, forestry and fishingEquity8%United Kingdom197.1
Phatisa Food Fund 2Regional2021Agriculture, forestry and fishingFunds14%Mauritius189.5
AgrivisionZambia2012Agriculture, forestry and fishingEquity24%Mauritius161.6
Lake Harvest GroupRegional2013Fishing and aquacultureLoans Equity33%Mauritius159.3
Kagera Sugar LimitedTanzania2020Crop and animal production, hunting and related service activitiesLoansN/ATanzania145.3
ASILIA (African Spirit Group Limited)Regional2013TourismLoans Equity32%Mauritius140.4
Hela Investment HoldingsRegional2022Manufacture of textilesLoansN/AMauritius138
FES LimitedRegional2020Agriculture, forestry and fishingLoans Equity23%Mauritius126.3
SAMANUEthiopia2022ManufacturingEquityMauritius108.4
Valency International Trading SARLIvory Coast2022Agriculture, forestry and fishingLoansN/ASingapore98.6
Lilongwe Dairy (2001) LimitedMalawi2020Crop and animal production, hunting and related service activitiesLoansN/AMalawi96.6
NeofreshRegional2017Crop and animal production, hunting and related service activitiesLoans Equity34%Mauritius94.2
Marginpar GroupRegional2018Crop and animal production, hunting and related service activitiesEquity26%Mauritius93.3
Continental Blue Investment (CBI) Ltd.Ghana2022Manufacture of other non-metallic mineral productsEquityGhana70.3
Redsun Raisins and NutsSouth Africa2022Manufacture of food productsEquity23%South Africa70
Vertical Agro (Sunripe & Serengeti Fresh)Regional2014Crop and animal production, hunting and related service activitiesLoansN/AMauritius59.9
Mars Investment HoldingsMozambique2022Wholesale trade, except of motor vehicles and motorcyclesEquityMauritius57.9
Freight in TimeRegional2015Transportation and storageLoans Equity24%Mauritius55.6
Seba FoodsZambia2021Manufacture of beveragesLoansN/AZambia49.3
Lona GroupSouth Africa2022Crop and animal production, hunting and related service activitiesEquity17%Mauritius48.6
Synercore Holdings Proprietary LimitedSouth Africa2022Manufacture of food productsLoansN/ASouth Africa46.5
Basecamp ExplorerKenya2010TourismEquity34%Kenya36.4
African Century Infrastructure Services Ltd.Regional2014Other service activitiesLoans Equity20%Mauritius35.1
African Century Real Estates Ltd.Mozambique2015Construction of buildingsLoans Equity21%Mauritius33.9
Nyama World Malawi LtdMalawi2017Crop and animal production, hunting and related service activitiesLoansN/AMalawi32.5
Afrinord Hotel InvestmentsRegional2005TourismLoans Equity20%Denmark24.4
Associated Foods Zimbabwe (AFZ)Zimbabwe2016Manufacture of food productsLoans Equity0%Zimbabwe14.8
Africado Ltd.Tanzania2009Agriculture, forestry and fishingEquity33%Mauritius7.1
African Century NampulaMozambique2017Real estate activitiesEquity32%Mozambique5.1
UAP Properties LimitedSouth Sudan2013Real estate activitiesLoansN/ASouth Sudan3.3
TPS Dar es SalaamTanzania2011TourismLoans29%Kenya3
Sundry FoodsNigeria2019Manufacture of food productsEquity33%Nigeria80.8