African Century Nampula
Africa
Region
6.1
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.
Key information
- Sector:
- Scalable enterprises
- Commitment (MNOK):
- 6.1
- Year:
- 2017
- Region:
- Africa
- Country:
- Mozambique
- Domicile:
- Mozambique
- Instrument:
- Equity and Loans
- Status:
- Active
- Mandate:
- Development