OH Ecosystems

Africa

Region

128.4

Commitment (MNOK)

Active

Status

Eco is a company that is set up to acquire, build and operate cocoa processing and confectionary businesses on the African continent. Eco has acquired a majority stake in FTN Cocoa Processors PLC (“FTN”) and will also establish a greenfield cocoa confectionary plant in Ibadan, Nigeria.

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Key information

Sector:
Scalable enterprises
Commitment (MNOK):
128.4
Year:
2023
Region:
Africa
Country:
Nigeria
Domicile:
Delaware
Instrument:
Loans
Status:
Active
Mandate:
Development

Additionality OH Ecosystems

This investment is particularly additional on the following ambitions:

  • investing in the most capital constrained markets
  • investing in risky markets
  • investing in sectors with high development needs
  • targeting underserved segments
  • mobilising private investors
  • taking an active role in investments
  • improving social and environmental standards

Read more about the investment:

Norfund invests in OH Ecosystems to create jobs in cocoa processing in Nigeria