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.
- 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 Factory | Manufacturing | Somalia |
| Bahaya General Trading Company | Other services | Somalia |
| CAFCO | Food and agribusiness | Somalia |
| East and West Bus Transportation Company | Other industrial partnerships | Somalia |
| Horizon Aluminum | Manufacturing | Somalia |
| Mandeeq Poultry Company | Food and agribusiness | Somalia |
| Shaba Water | Other services | Somalia |
| Suudi Fishing | Food and agribusiness | Somalia |
| AADCO Paper Factory | Manufacturing | Somalia |
| Adeeg | Manufacturing | Somalia |
| Al Faraj Water Supply Company | Manufacturing | Somalia |
| Al Fathi Fishing | Food and agribusiness | Somalia |
| Tawfiiq Sanitation Services | Other services | Somalia |
| United Basic Industries (Durdur) | Manufacturing | Somalia |
| Wadajir General Trading and Contractors Company | Other industrial partnerships | Somalia |
| SMPC | Food and agribusiness | Somalia |
| Soma Chicken Farm | Food and agribusiness | Somalia |
| Somali National Fishing Company (SNFC) | Food and agribusiness | Somalia |
| NECSOM | Energy | Somalia |
| Qaran Hospital | Health | Somalia |
| Raaho Farm | Food and agribusiness | Somalia |
| Royalsom General Trading LTD | Tourism | Somalia |
| SECCCO | Energy | Somalia |
| Ijaabo Water | Manufacturing | Somalia |
| KEEPS | Other services | Somalia |
| Gameelo Workshop and Training Center | Manufacturing | Somalia |
| Gobosor | Food and agribusiness | Somalia |
| Himilo Farm | Food and agribusiness | Somalia |
| City Furniture | Manufacturing | Somalia |
| Crown Hotel | Tourism | Somalia |
| Daryeel Modern Industry | Manufacturing | Somalia |
| Dhidar Construction and Contract Company | Other industrial partnerships | Somalia |
| Barisamaad Farm | Food and agribusiness | Somalia |
| Al Nur Mixed Farming | Food and agribusiness | Somalia |
| Al Siha Enterprises | Manufacturing | Somalia |
| Al-Kawsar Water | Manufacturing | 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