Ascent Rift Valley Fund Ltd

  • Active: Active
  • Region: Africa
  • Country: Regional
  • Sector: Investment funds
  • Year: 2013
  • Domicile: Mauritius
  • Instrument: Fund
  • Commitment (MNOK) as of 30.06.2019: 79.8
  • Original Commitment (MNOK): 83.2

The fund makes investments in companies in Ethiopia, Kenya and Uganda, and identifies and follows up the companies through a strong local presence. The focus is on consumer related businesses where the capital and competencies of the fund managers can contribute to e.g. branding, distribution, storage or consolidating. The most important sectors are healthcare, FMCG, processing of agricultural products and financial services.

In 2014 Ascent Rift Valley Fund invested in International Clinical Laboratories (ICL, previously called Medpharm Holdings) in Ethiopia. In the video below you can learn more about how this investment contributes to economic growth and better health in Ethiopia. 


Indirect investments

Investee Sector Country
Chims Africa Ltd Communication Uganda
Medpharm Holdings Africa Ltd Health Ethiopia
African Queen Uganda Manufacturing Uganda
Allcent Global Corporation (Allied Chemicals Plc) Manufacturing Ethiopia
Kisumu Concrete Products Ltd Other industrial partnerships Kenya
Pharmcent Limited (Guardian Health Ltd) Wholesale and retail Uganda
Unicent Limited (Universal Plastics Factory Plc) Manufacturing Ethiopia

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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