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.
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 Farm | Other | |
| Adeeg | Somalia | |
| Al Siha Enterprises | Somalia | |
| Bullaale Farm | Somalia | |
| Gobosor | Somalia | |
| NECSOM | Somalia | |
| Shaba Water | Somalia | |
| Somali National Fishing Company (SNFC) | Somalia | |
| United Basic Industries (Durdur) | Somalia | |
| CAFCO | Somalia | |
| City Furniture | Somalia | |
| Crown Hotel | Somalia | |
| Dheen Agricultural Farm | Somalia | |
| Dhidar Construction and Contract Company | Somalia | |
| East and West Bus Transportation Company | Somalia | |
| Gameelo Workshop and Training Center | Somalia | |
| Giire Spare Parts, Tire Puncture, and Crane Services | Somalia | |
| Himilo Farm | Somalia | |
| Horizon Aluminum | Somalia | |
| Ijaabo Water | Somalia | |
| KEEPS | Somalia | |
| Mandeeq Poultry Company | Somalia | |
| Qaran Hospital | Somalia | |
| Raaho Farm | Somalia | |
| Royalsom General Trading LTD | Somalia | |
| SECCCO | Somalia | |
| SMPC | Somalia | |
| Soma Chicken Farm | Somalia | |
| AADCO Paper Factory | Somalia | |
| Somali Water Development Union Company (SWDUC) | Somalia | |
| Suudi Fishing | Somalia | |
| Taayo Engineering Solutions Company (TESCO) | Somalia | |
| Tawfiiq Sanitation Services | Somalia | |
| Wadajir General Trading and Contractors Company | Somalia | |
| Yustan Seafood Processing | Somalia | |
| Al-Kawsar Water | Somalia | |
| Bahaya General Trading Company | Somalia | |
| Beersan Farm | Somalia | |
| Bixin Transportation and Hotel Groups | Somalia | |
| Al Faraj Water Supply Company | Somalia | |
| Al Fathi Fishing | Somalia | |
| Al Nur Mixed Farming | Somalia | |
| Najmo Shampoo | Other | |
| Solargen Technologies Ltd | Other | |
| Allamagan Gums & Resins Processing Center | Other | |
| Badhan Electricity Company | Other | |
| Baidoa Electricity Company | Other |
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