AMSCO
- (Exited)

  • Active: Exited
  • Region: Africa
  • Country: Regional
  • Sector: Financial services
  • Year: 2001
  • Domicile: Netherlands
  • Instrument:
  • Commitment (MNOK) as of 30.09.2018: 0
  • Original Commitment (MNOK): 1.8

AMSCO is a UNDP Regional Project which provides professional management services to private companies and commercially operated public enterprises in Africa. The aim is to develope local management capacity and contribute to the overall growth and health of the businesses. AMSCO (African Management Services Company) recruits experienced advisors and consultants and hires them out as managers to small- and medium-sized enterprises. AMSCO contributes to improve the internal processes in the enterprises, and thereby to build internal management competency that will make the companies more sustainable. Norfund has invested approximately NOK two million in this project. The investment was more a strategic and developmental investment than commercial. The plan was to transform the company to a normal management for hire-company, but AMSCO was incorporated as a foundation and it was not possible to take out dividend. In December 2015, Norfund sold its shares back to AMSCO nominal value of EUR 1, as the investment horizon had passed and this was considered the best way to preserve the developmental role of Amsco. Norfund's return on investment (IRR) was -100%.

 

 

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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