Nordic Horn of Africa Opportunities Fund

Africa

Region

35.3

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.

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Key information

Sector:
SME Funds
Commitment (MNOK):
35.3
Year:
2018
Region:
Africa
Country:
Somalia
Domicile:
Canada
Instrument:
Funds
Status:
Active
Mandate:
Development

Nordic Horn of Africa Opportunities Fund investments

Investee Sector Country
Bixin Transportation and Hotel GroupsSomalia
Bullaale FarmSomalia
Burai Solar systemSomalia
CAFCOSomalia
City FurnitureSomalia
AADCO Paper FactorySomalia
AdeegSomalia
AFI Water SupplySomalia
Al Baraka FarmSomalia
Al Faraj Water Supply CompanySomalia
Al Fathi FishingSomalia
Al Furqaan Fiberglass FactorySomalia
Al Nur Mixed FarmingSomalia
Al Siha EnterprisesSomalia
Al-Kawsar WaterSomalia
Alla Aamin FishingSomalia
Allamagan Gums & Resins Processing CenterSomalia
Art cafe hargeisaSomalia
Asal BulldersSomalia
Badhan Electricity CompanySomalia
Bahaya General Trading CompanySomalia
Baidoa Electricity CompanySomalia
Barisamaad FarmSomalia
Beersan FarmSomalia
Crown HotelSomalia
Daryeel Modern IndustrySomalia
Dheen Agricultural FarmSomalia
Dhidar Construction and Contract CompanySomalia
East African ShippingSomalia
East and West Bus Transportation CompanySomalia
Evergreen farm loanSomalia
FarbarwaqoSomalia
Gameelo Workshop and Training CenterSomalia
Giire Spare Parts, Tire Puncture, and Crane ServicesSomalia
GobosorSomalia
Green paradiseSomalia
Hafund fish and processingSomalia
Hill developmentSomalia
Himilo FarmSomalia
Hodon Mixed FarmSomalia
Horizon AluminumSomalia
Ijaabo WaterSomalia
ILO TANGOSomalia
Kaafi Horn renewable energySomalia
KAAH electricalSomalia
KEEPSSomalia
Magan EnterprisesSomalia
Mandeeq Poultry CompanySomalia
Najmo ShampooSomalia
NECSOMSomalia
Pizza house SomaliaSomalia
Qaran HospitalSomalia
Raaho FarmSomalia
Royalsom General Trading LTDSomalia
SECCCOSomalia
Shaam FactorySomalia
Shaba WaterSomalia
Shaba Water IISomalia
SMPCSomalia
Solargen Technologies LtdSomalia
Soma Chicken FarmSomalia
Soma plastic industrySomalia
Somali National Fishing Company (SNFC)Somalia
Somali Water Development Union Company (SWDUC)Somalia
Sun FishingSomalia
Suudi FishingSomalia
Taayo Engineering Solutions Company (TESCO)Somalia
Tawfiiq Sanitation ServicesSomalia
Tayo Houshold Plastic FactorySomalia
Tayo Uniforms and EmbroiderySomalia
United Basic Industries (Durdur)Somalia
Wadajir General Trading and Contractors CompanySomalia
Yustan Seafood ProcessingSomalia

More about the Fund:

INVESTING PROFITABLY IN SOMALIA

www.shuraako.org

Norfund Press Release – Shuraako 20.06.2018 (PDF)Download
Norfund pressemelding – Shuraako 20.06.2018 (PDF)Download
Kapital – Fristes av afrikansk kylling, 2019 (PDF)Download

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

Our approach to addionality