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.

More about the Fund:

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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
AdeegManufacturingSomalia
KEEPSOther servicesSomalia
Mandeeq Poultry CompanyFood and agribusinessSomalia