Nordic Horn of Africa Opportunities Fund

Africa

Region

34.2

Committment (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.

detail_image

Key information

Sector:
Scalable Enterprises
Committment (MNOK):
34.2
Year:
2018
Region:
Africa
Country:
Somalia
Domicile:
Canada
Instrument:
Funds
Status:
Active

Nordic Horn of Africa Opportunities Fund investments

Investee Sector Country
Hodon Mixed FarmOther
AdeegSomalia
Al Siha EnterprisesSomalia
Bullaale FarmSomalia
GobosorSomalia
NECSOMSomalia
Shaba WaterSomalia
Somali National Fishing Company (SNFC)Somalia
United Basic Industries (Durdur)Somalia
CAFCOSomalia
City FurnitureSomalia
Crown HotelSomalia
Dheen Agricultural FarmSomalia
Dhidar Construction and Contract CompanySomalia
East and West Bus Transportation CompanySomalia
Gameelo Workshop and Training CenterSomalia
Giire Spare Parts, Tire Puncture, and Crane ServicesSomalia
Himilo FarmSomalia
Horizon AluminumSomalia
Ijaabo WaterSomalia
KEEPSSomalia
Mandeeq Poultry CompanySomalia
Qaran HospitalSomalia
Raaho FarmSomalia
Royalsom General Trading LTDSomalia
SECCCOSomalia
SMPCSomalia
Soma Chicken FarmSomalia
AADCO Paper FactorySomalia
Somali Water Development Union Company (SWDUC)Somalia
Suudi FishingSomalia
Taayo Engineering Solutions Company (TESCO)Somalia
Tawfiiq Sanitation ServicesSomalia
Wadajir General Trading and Contractors CompanySomalia
Yustan Seafood ProcessingSomalia
Al-Kawsar WaterSomalia
Bahaya General Trading CompanySomalia
Beersan FarmSomalia
Bixin Transportation and Hotel GroupsSomalia
Al Faraj Water Supply CompanySomalia
Al Fathi FishingSomalia
Al Nur Mixed FarmingSomalia
Najmo ShampooOther
Solargen Technologies LtdOther
Allamagan Gums & Resins Processing CenterOther
Badhan Electricity CompanyOther
Baidoa Electricity CompanyOther

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