Nordic Horn of Africa Opportunities Fund
Africa
Region
35.2
Commitment (MNOK)
Active
Status
The Nordic Horn of Africa Opportunities Fund (the Fund) is an investment fund for Somalian SMEs. The Manager is Shuraako, a US-based fund manager and NGO with local presence across Somalia. Norfund is the initiator and anchor investor of the Fund and other investors will include Nordic DFIs. The Ministry of Foreign Affairs has funded a first loss component of USD 3 million.
Key information
- Sector:
- SME Funds
- Commitment (MNOK):
- 35.2
- Year:
- 2018
- Region:
- Africa
- Country:
- Somalia
- Domicile:
- Canada
- Instrument:
- Funds
- Status:
- Active
- Mandate:
- Development
Nordic Horn of Africa Opportunities Fund investments
| Investee | Sector | Country |
|---|---|---|
| Crown Hotel | Somalia | |
| AADCO Paper Factory | Somalia | |
| Adeeg | Somalia | |
| Al Faraj Water Supply Company | Somalia | |
| Al Fathi Fishing | Somalia | |
| Al Furqaan Fiberglass Factory | Somalia | |
| Al Nur Mixed Farming | Somalia | |
| Al Siha Enterprises | Somalia | |
| Al-Kawsar Water | Somalia | |
| Alla Aamin Fishing | Somalia | |
| Allamagan Gums & Resins Processing Center | Somalia | |
| Badhan Electricity Company | Somalia | |
| Bahaya General Trading Company | Somalia | |
| Baidoa Electricity Company | Somalia | |
| Beersan Farm | Somalia | |
| Bixin Transportation and Hotel Groups | Somalia | |
| Bullaale Farm | Somalia | |
| CAFCO | Somalia | |
| City Furniture | Somalia | |
| Daryeel Modern Industry | Somalia | |
| Dheen Agricultural Farm | Somalia | |
| Dhidar Construction and Contract Company | Somalia | |
| East and West Bus Transportation Company | Somalia | |
| Gameelo Workshop and Training Center | Somalia | |
| Giire Spare Parts, Tire Puncture, and Crane Services | Somalia | |
| Gobosor | Somalia | |
| Himilo Farm | Somalia | |
| Hodon Mixed Farm | Somalia | |
| Horizon Aluminum | Somalia | |
| Ijaabo Water | Somalia | |
| KEEPS | Somalia | |
| Mandeeq Poultry Company | Somalia | |
| Najmo Shampoo | Somalia | |
| NECSOM | Somalia | |
| Qaran Hospital | Somalia | |
| Raaho Farm | Somalia | |
| Royalsom General Trading LTD | Somalia | |
| SECCCO | Somalia | |
| Shaam Factory | Somalia | |
| Shaba Water | Somalia | |
| Shaba Water II | Somalia | |
| SMPC | Somalia | |
| Solargen Technologies Ltd | Somalia | |
| Soma Chicken Farm | Somalia | |
| Somali National Fishing Company (SNFC) | Somalia | |
| Somali Water Development Union Company (SWDUC) | Somalia | |
| Suudi Fishing | Somalia | |
| Taayo Engineering Solutions Company (TESCO) | Somalia | |
| Tawfiiq Sanitation Services | Somalia | |
| Tayo Houshold Plastic Factory | Somalia | |
| Tayo Uniforms and Embroidery | Somalia | |
| United Basic Industries (Durdur) | Somalia | |
| Wadajir General Trading and Contractors Company | Somalia | |
| Yustan Seafood Processing | Somalia |
More about the Fund:
Links and documents
Additionality for Nordic Horn of Africa Opportunities Fund
This investment is particularly additional on the following ambitions:
- Investing in the poorest countries
- Investing in the most capital constrained markets
- Investing in the riskiest markets
- Investing in the most difficult business environments
- Investing in high risk instruments
- Contributing to starting new business activity
- Mobilising private investors
- Taking an active role in investments
- Improving social and environmental standards
- Supporting enterprise improvements