African Century Nampula

Africa

Region

6.2

Commitment (MNOK)

Active

Status

Nampula is the fastest growing city in Mozambique with about 2 million people. The real estate company African Century Nampula Ltd. (ACN) was formed in December 2015 with the aim to own and develop land in Mozambique for residential, industrial and commercial properties.

Norfunds investment in ACN will provide access to capital and best practices to secure land areas in a fast growing regional crossroad in the Nacala corridor. This is important to facilitate SME entry and job generation.

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Key information

Sector:
Scalable enterprises
Commitment (MNOK):
6.2
Year:
2017
Region:
Africa
Country:
Mozambique
Domicile:
Mozambique
Instrument:
Equity
Status:
Active
Mandate:
Development