Ascent Rift Valley Fund Ltd




Committment (MNOK)

Scalable Enterprises


The Rift Valley Fund is an SME fund that is operating in East Africa and managed by Ascent Capital. The fund has a hands on approach with presence in Ethiopia, Kenya and Uganda, and is targeting an average deal size of approximately USD 3.5 million

  • Sector: Scalable Enterprises
  • Committment (MNOK): 83.2
  • Year: 2013
  • Region: Africa
  • Country: Regional
  • Domicile: Mauritius
  • Instrument: Funds
  • Status: Active

Indirect investments

Investee Sector Country
Allcent Global Corporation (Allied Chemicals Plc)ManufacturingEthiopia
Medpharm Holdings Africa LtdHealthEthiopia
Unicent Limited (Universal Plastics Factory Plc)ManufacturingEthiopia
African Queen UgandaManufacturingUganda
Pharmcent Limited (Guardian Health Ltd)Wholesale and retailUganda
Auto Springs East AfricaManufacturingKenya
Kisumu Concrete Products LtdOther industrial partnershipsKenya
Metro ConceptsManufacturingKenya

Video: International Clinical Laboratories (ICL) is one of Norfund’s investments in Ethiopia through Ascent.