Investments in Ghana

Direct investment

Total commitment (MNOK): 451.1 MNOK

Investment Sector Year Instrument Commitment
AfricInvest Financial Inclusion Vehicle LLC Banking 2018 Equity 10% 18.0
Africa Health Fund (Aureos) Investment funds 2011 Fund 28% 13.5
Agri-Vie II Food and agribusiness 2017 Fund 10% 12.1
Arise B.V. Banking 2016 Equity 8% 191.3
Aureos Africa Fund Investment funds 2008 Fund 22% 26.9
Aureos West Africa Fund Investment funds 2003 Fund 31% 3.8
CAL Bank Limited Banking 2018 Loan 100% 68.1
E&Co (Persistent Energy) Energy 2009 Loan 10.17% 0.9
European Financing Partners SA Investment funds 2006 Equity and loan 6% 16.6
GroFin Africa Fund Investment funds 2008 Fund 24% 14.0
GroFin SGB Fund Limited Partnership Investment funds 2015 Fund 16% 20.1
Interact Climate Change Facility Energy 2010 Loan 8% 20.4
NMI GP IV AS Microfinance 2018 Equity 5% 1.2
Oasis Africa Fund Investment funds 2017 Fund 60% 25.3
Vantage Mezzanine Fund II Investment funds 2011 Fund 37% 19.0

Indirect investment

Investment Sector Year Investor
01-GH-FMO-0511-TICO Energy - natural gas Interact Climate Change Facility
ADB Scientific Products Ltd Wholesale and retail GroFin Africa Fund
APM Limited Wholesale and retail GroFin SGB Fund Limited Partnership
Abec Sanitas Inc (C&J) Health Africa Health Fund (Aureos)
Agya Owusu Company Limited Wholesale and retail GroFin Africa Fund
Angel Specialist International School Ltd. Education GroFin Africa Fund
Aninwah Medical Centre Health Africa Health Fund (Aureos)
BAMYAP ENTERPRISE LIMITED Wholesale and retail GroFin SGB Fund Limited Partnership
BB Manufacturing Ltd Wholesale and retail GroFin SGB Fund Limited Partnership
Banner Medical Centre Health GroFin Africa Fund
Besandy & James Company Limited Wholesale and retail GroFin Africa Fund
Bop Investments Limited Wholesale and retail GroFin SGB Fund Limited Partnership
CAL Bank Limited Banking Arise B.V.
Cash Oil Company Ltd Wholesale and retail GroFin SGB Fund Limited Partnership
Chafal Company Ltd Financial services GroFin SGB Fund Limited Partnership
Cob A Industries Ltd Manufacturing GroFin Africa Fund
Collboy Wholesale and retail GroFin Africa Fund
DADDY ASH LIMITED Wholesale and retail GroFin SGB Fund Limited Partnership
Dass Security Limited Other services GroFin Africa Fund
Devine Creche & Preparatory School Education GroFin Africa Fund
EUROPE Autoland Ltd Wholesale and retail GroFin Africa Fund
Ecovans Limited Wholesale and retail GroFin Africa Fund
El Paraiso Holiday Resort Wholesale and retail GroFin Africa Fund
Elkhart Enterprise Wholesale and retail GroFin SGB Fund Limited Partnership
Emigoh Ghana Ltd Manufacturing GroFin Africa Fund
Everpure Holdings Limited Food and agribusiness Oasis Africa Fund
Fan Milk International A/S Manufacturing Aureos Africa Fund
Fidelity Bank (92-GH-DEG-0114) Banking European Financing Partners SA
Fikos Ventures Wholesale and retail GroFin Africa Fund
Firm Foundation Montessori Academy (FFMA) Education GroFin Africa Fund
Genser Energy Ghana Limited Energy Vantage Mezzanine Fund II
Glade Digital Limited Manufacturing GroFin Africa Fund
Great Provider Trading & Company Limited(GPTC) Wholesale and retail GroFin Africa Fund
Hillcrest Hotel Ltd. Tourism GroFin Africa Fund
I.K Ninson Ent. Ltd Wholesale and retail GroFin SGB Fund Limited Partnership
JOISSAM GHANA LIMITED Other services GroFin SGB Fund Limited Partnership
Janak Industries Limited Manufacturing GroFin Africa Fund
Jobost Enterprise Communication GroFin Africa Fund
Johnbeng Company Ltd Manufacturing GroFin Africa Fund
Legacy Girls School Education Oasis Africa Fund
Magna International Transport Company Ltd Other services GroFin Africa Fund
Masachar Company Limited Wholesale and retail GroFin Africa Fund
Mobile Zone Wholesale and retail GroFin Africa Fund
Ogudu Automotives Limited Financial services GroFin Africa Fund
Red Fins Ltd Wholesale and retail GroFin Africa Fund
Regimanuel Gray Other industrial partnerships Aureos Africa Fund
Robtina Enterprise Wholesale and retail GroFin Africa Fund
Rose Joy Company Ltd Financial services GroFin SGB Fund Limited Partnership
Royal Systems and Services Ltd Manufacturing GroFin SGB Fund Limited Partnership
SAS DENTAL CLINIC Financial services GroFin Africa Fund
SAS DENTAL CLINIC Financial services GroFin SGB Fund Limited Partnership
ST. KEM COMPANY LIMITED Wholesale and retail GroFin SGB Fund Limited Partnership
Sabadan Comp Ltd Wholesale and retail GroFin Africa Fund
Santa Flora Enterprise Wholesale and retail GroFin Africa Fund
Soti-Ci Company Ltd Wholesale and retail GroFin Africa Fund
Strategic Global Aliance Manufacturing Aureos Africa Fund
TRADENET INVESTMENT LIMITED Wholesale and retail GroFin SGB Fund Limited Partnership
Tyco City Investments Ltd Tourism GroFin Africa Fund
Vida Antwi Company Wholesale and retail GroFin Africa Fund
White Dove Hotel Limited Tourism GroFin Africa Fund
Y & K Investments Limited Wholesale and retail GroFin Africa Fund
Y & K Investments Ltd Wholesale and retail GroFin SGB Fund Limited Partnership
Yaayeb Company Limited Wholesale and retail GroFin Africa Fund
Yaw Boat Enterprise 2 Wholesale and retail GroFin SGB Fund Limited Partnership
Zuks Multimart Wholesale and retail GroFin SGB Fund Limited Partnership

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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