AMSCO

AMSCO (African Management Services Company) recruits experienced advisors and consultants and hires them out as managers to small- and medium-sized enterprises. AMSCO contributes to improve the internal processes in the enterprises, and thereby to build internal management competency that will make the companies more sustainable. A total of 270 managers are currently placed in African companies through AMSCO. Norfund has invested approximately NOK two million in this project. The investment was more a strategic and developmental investment than commercial. The paln has been to transform the company to a normal management for hire-comany, but AMSCO is incorporated as a foundation and it is not possible to take out dividend.