GroFin Africa Fund

  • Active: Active
  • Region: Africa
  • Country: Regional
  • Sector: Investment funds
  • Year: 2008
  • Domicile: Mauritius
  • Instrument: Fund
  • Commitment (MNOK) as of 31.12.2018: 59.8
  • Original Commitment (MNOK): 95.6

GroFin Africa Fund offers loans and equity capital in local currency to small enterprises in South Africa, Zambia, Kenya, Uganda, Tanzania, Rwanda, Nigeria and Ghana.

GroFin takes an active approach to its investments, and in addition to providing equity capital and loans, GroFin acts as advisors to its borrowers in fields such as management, marketing, financial planning and reporting. This is a good starting point for establishing viable small enterprises over time, thereby contributing to poverty alleviation, establishment of new places of employment and economic growth.

Norfund’s co-investors include IFC, CDC, FMO, the African Development Bank (AFDB), Shell Foundation, EIB and Proparco, in addition to GroFin itself.

Indirect investments

Investee Sector Country
ADB Scientific Products Ltd Wholesale and retail Ghana
African Business Ltd Wholesale and retail Rwanda
Africana Guest House Ltd Manufacturing Rwanda
Agya Owusu Company Limited Wholesale and retail Ghana
Angel Specialist International School Ltd. Education Ghana
Avante Trading 2016 CC Other industrial partnerships South Africa
Bahama Blessings Limited Other industrial partnerships Uganda
Banner Medical Centre Health Ghana
Besandy & James Company Limited Wholesale and retail Ghana
Bestell Computers Ltd. Wholesale and retail Kenya
Better fashion limited Wholesale and retail Tanzania
Beulah Pharmaceutical Chemist Wholesale and retail Nigeria
Biotrace Trading 221 (Pty) Ltd T/A New Africa Inks Manufacturing South Africa
Black Bull mining Ltd Other industrial partnerships Rwanda
BLB5 Company Limited Wholesale and retail Tanzania
Blessed Food and Drinks Nigeria Limited Manufacturing Nigeria
Brick World Uganda Limited Other industrial partnerships Uganda
BROADWATER COMPANY LIMITED Wholesale and retail Ghana
Budget Safaris and Tour Limited (John Nelson Nyagawa) Other industrial partnerships Tanzania
Camel Travel & Tours Agency Ltd Tourism Rwanda
CARGO CENTER GHANA LIMITED Wholesale and retail Ghana
Charo General Supply Co. Ltd. Other industrial partnerships Tanzania
Chims Enterprises Financial services Uganda
Citizen Medical Centre Ltd. Health Nigeria
Clover Foods (K) Ltd. Wholesale and retail Kenya
Cob A Industries Ltd Manufacturing Ghana
Collboy Wholesale and retail Ghana
CRM Investment Limited Manufacturing Tanzania
CSE Fitment Centres (Pty) Ltd Wholesale and retail South Africa
Cyclocor (Pty) Ltd Manufacturing South Africa
Cyclocor Manhole Covers Manufacturing South Africa
Daltem Ventures Manufacturing Nigeria
Dass Security Limited Other services Ghana
Devine Creche & Preparatory School Education Ghana
Diamond Pearls Petroleum Ltd. Wholesale and retail Nigeria
Diesel Rebar & Mesh Other industrial partnerships South Africa
Dohashe Enterprises Wholesale and retail Kenya
Dorcas Boutique & General supplies Limited Wholesale and retail Tanzania
Ecos Medical Foundation Ltd Health Uganda
Ecovans Limited Wholesale and retail Ghana
Edith Harriet Abonwaku T/a Lubogo Electricals Wholesale and retail Uganda
Ekandustria Brick & Sand Manufacturing South Africa
El Paraiso Holiday Resort Wholesale and retail Ghana
Electro Watts Ltd Other services Kenya
Emar Company Ltd Other services Tanzania
Emigoh Ghana Ltd Manufacturing Ghana
Enigma Petroleum Limited Other industrial partnerships Zambia
Etablissement G.J Ltd Wholesale and retail Rwanda
EUROPE Autoland Ltd Wholesale and retail Ghana
Evergreen Facilities Managers Ltd Communication Nigeria
Fikos Ventures Wholesale and retail Ghana
Firm Foundation Montessori Academy (FFMA) Education Ghana
FJA Jobs Nigeria Other services Nigeria
Flavours of life Tourism South Africa
Flourish Nutrition Nigeria Manufacturing Nigeria
Gabsons (T) Ltd. Manufacturing Tanzania
Glade Digital Limited Manufacturing Ghana
Gondo Enterprises Ltd Wholesale and retail Tanzania
Good Foundation Nursery and Primary School Education Rwanda
Great Provider Trading & Company Limited(GPTC) Wholesale and retail Ghana
Ground Water Abstraction Kenya Outreach (Gwako) Other industrial partnerships Kenya
H. Furniture and Electronics Limited Wholesale and retail Tanzania
Hammarsdale Pipes & Fittings Manufacturing South Africa
Hanai Investment Limited Other industrial partnerships Tanzania
Happy English Medium Schools Education Tanzania
Harrismith Galvanizing Manufacturing South Africa
Hillcrest Hotel Ltd. Tourism Ghana
Hombolo General Supplies Limited Wholesale and retail Tanzania
Homefoods Processing Wholesale and retail Ghana
Hotel Exotic Tourism Nigeria
Impanga Ya Mambwe Lodge Limited Tourism Zambia
Ivy Jewel 35 (Pty) Ltd Tourism South Africa
Janak Industries Limited Manufacturing Ghana
Jenesais Energy Ltd Wholesale and retail Nigeria
Jobost Enterprise Communication Ghana
Johnbeng Company Ltd Manufacturing Ghana
Katon Manufacturers Manufacturing Uganda
Keab Company Ltd. Wholesale and retail Ghana
Kingtox Sa Cc Other services South Africa
Kitenge Safi "K.S.F.L S.A.R.L" Wholesale and retail Rwanda
Kiwanga Trading Store Company Limited Other industrial partnerships Tanzania
Konig Impression Limited Manufacturing Nigeria
Kula Plus Tourism Kenya
Laplace Technologies Communication Nigeria
Lububu Co. Limited Wholesale and retail Tanzania
Luwada Management Services Ltd. Health Kenya
Mabut Company Manufacturing Tanzania
Madale Trucking Company Limited Other industrial partnerships Tanzania
Madame Sabrina Fashion Enterprises Wholesale and retail Tanzania
Magna International Transport Company Ltd Other services Ghana
Market Networks Other industrial partnerships Nigeria
Mas Logistics Kenya Limited Other industrial partnerships Kenya
Masachar Company Limited Wholesale and retail Ghana
Maverick Trading Wholesale and retail South Africa
Medilla Limited Manufacturing Uganda
Migoko African Dishes Ltd Tourism Kenya
Mobile Zone Wholesale and retail Ghana
Mt. Vernon Secondary School Maya Education Uganda
Nagina Funerals Other services South Africa
Naivera Complex Limited Tourism Tanzania
Nampet Ventures (Nig) Ltd Manufacturing Nigeria
Namsi Limited Wholesale and retail Kenya
Namulundu Medical Center Health Uganda
Nangoz Minerals (T) Limited Manufacturing Tanzania
Neema Robert Numvire T/A Aronex Enterprises Wholesale and retail Tanzania
Neo-Amadiva Ltd. Other services Kenya
New Hellen School Limited Education Tanzania
Notre Dame Education Kenya
Nsamba Trading Group Ltd Wholesale and retail Uganda
Nyanza Shopping Centre Ltd Wholesale and retail Tanzania
Ogudu Automotives Limited Financial services Ghana
Olibul Investment Limited Other industrial partnerships Zambia
Opel Cleaning Services Limited Other services Nigeria
Praygod Company Other industrial partnerships Tanzania
Proredo Beleggings (Pty) Ltd Wholesale and retail South Africa
Quick Wholesalers (U) Ltd Wholesale and retail Uganda
Real Task Agencies Limited Wholesale and retail Uganda
Red Fins Ltd Wholesale and retail Ghana
Rico Store Company Limited Food and agribusiness Tanzania
Risk Trans Insurance Brokers Financial services South Africa
Road Movers Limited Other industrial partnerships Nigeria
Robtina Enterprise Wholesale and retail Ghana
Rwanda Dimension Technology (Rdtech) Wholesale and retail Rwanda
Sabadan Comp Ltd Wholesale and retail Ghana
Santa Flora Enterprise Wholesale and retail Ghana
SAS DENTAL CLINIC Financial services Ghana
SAWE Hotel Co. Limited (Screened as Lyakundi Investment Company Ltd) Tourism Tanzania
Segese Import & Export Limited Wholesale and retail Tanzania
Sheba Centre Limited Other services Nigeria
Shine Group Limited Wholesale and retail Uganda
Shughuru Investment ltd Other industrial partnerships Tanzania
Sidai Investmens Ltd Wholesale and retail Kenya
Sompola Investment Company Limited Manufacturing Tanzania
Soti-Ci Company Ltd Wholesale and retail Ghana
Ssebaggala & Sons Electro Centre Ltd Wholesale and retail Uganda
St Michael Mixed Day and Boarding Primary School Financial services Uganda
Testek Water Services Ltd Other industrial partnerships Kenya
THE GRAND GLOBAL HOTEL LIMITED Financial services Uganda
The Uniform Shop East Africa Ltd. Wholesale and retail Kenya
Tito General Stores Limited Manufacturing Tanzania
Tokyo Dome Wholesale and retail Ghana
Trust Impex S.a.r.l Wholesale and retail Rwanda
Tulimuahanga Etienne Other industrial partnerships Rwanda
Tulimumaganga Etienne t/a High Tech Wholesale and retail Rwanda
Tumaini Investments Limited Other industrial partnerships Uganda
Tyco City Investments Ltd Tourism Ghana
Tyrbats Nigeria Limited Other services Nigeria
Vida Antwi Company Wholesale and retail Ghana
Visible Science Wholesale and retail South Africa
Waamuzi Secondary School Education Tanzania
Wansta Flour Millers Manufacturing Kenya
Wargen Services Ltd. Other industrial partnerships Kenya
White Dove Hotel Limited Tourism Ghana
World of T-Shirts Wholesale and retail Uganda
Y & K Investments Limited Wholesale and retail Ghana
Yaayeb Company Limited Wholesale and retail Ghana
Zalonite (pty) Ltd t/a Circus Circus Cascades Tourism South Africa
Zam Zam Farm Limited t/a Smart Builders Point Wholesale and retail Tanzania
Zuka Group Ltd Other industrial partnerships Kenya
Joystar Bargain Traders Wholesale and retail Kenya
Kiruhura Dairy Project Limited Manufacturing Uganda
Cesscolina Agencies Ltd Manufacturing Kenya
Potter’s Continental Suites Limited Tourism Nigeria

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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