Nordic Horn of Africa Opportunities Fund

Africa

Region

6.8

Committment (MNOK)

Scalable Enterprises

Sector

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.

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  • Sector: Scalable Enterprises
  • Committment (MNOK): 6.8
  • Year: 2018
  • Region: Africa
  • Country: Somalia
  • Domicile: Canada
  • Instrument: Funds
  • Status: Active

Indirect investments

Investee Sector Country
Al Furqaan Fiberglass FactoryManufacturingSomalia
Bahaya General Trading CompanyOther servicesSomalia
CAFCOFood and agribusinessSomalia
East and West Bus Transportation CompanyOther industrial partnershipsSomalia
Horizon AluminumManufacturingSomalia
Mandeeq Poultry CompanyFood and agribusinessSomalia
Shaba WaterOther servicesSomalia
Suudi FishingFood and agribusinessSomalia
AADCO Paper FactoryManufacturingSomalia
AdeegManufacturingSomalia
Al Faraj Water Supply CompanyManufacturingSomalia
Al Fathi FishingFood and agribusinessSomalia
Tawfiiq Sanitation ServicesOther servicesSomalia
United Basic Industries (Durdur)ManufacturingSomalia
Wadajir General Trading and Contractors CompanyOther industrial partnershipsSomalia
SMPCFood and agribusinessSomalia
Soma Chicken FarmFood and agribusinessSomalia
Somali National Fishing Company (SNFC)Food and agribusinessSomalia
NECSOMEnergySomalia
Qaran HospitalHealthSomalia
Raaho FarmFood and agribusinessSomalia
Royalsom General Trading LTDTourismSomalia
SECCCOEnergySomalia
Ijaabo WaterManufacturingSomalia
KEEPSOther servicesSomalia
Gameelo Workshop and Training CenterManufacturingSomalia
GobosorFood and agribusinessSomalia
Himilo FarmFood and agribusinessSomalia
City FurnitureManufacturingSomalia
Crown HotelTourismSomalia
Daryeel Modern IndustryManufacturingSomalia
Dhidar Construction and Contract CompanyOther industrial partnershipsSomalia
Barisamaad FarmFood and agribusinessSomalia
Al Nur Mixed FarmingFood and agribusinessSomalia
Al Siha EnterprisesManufacturingSomalia
Al-Kawsar WaterManufacturingSomalia

More about the Fund:

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