Investments in Kenya

Direct investment

Total commitment (MNOK): 1801 MNOK

Investment Sector Year Instrument Commitment
ASILIA (African Spirit Group Limited) Tourism 2013 Equity and loan 15% 7.4
Africa Health Fund (Aureos) Investment funds 2011 Fund 36% 17.1
Afrinord Hotel Investments Tourism 2005 Equity and loan 31% 11.8
Agri-Vie Food and agribusiness 2010 Fund 5% 2.2
Agri-Vie II Food and agribusiness 2017 Fund 25% 29.3
Arise B.V. Banking 2016 Equity 27.7% 596.8
Ascent Rift Valley Fund Ltd Investment funds 2013 Fund 40% 33.0
Aureos Africa Fund Investment funds 2008 Fund 16% 20.5
Aureos East Africa Fund Investment funds 2003 Fund 100% 4.4
BPI East Africa LLC Investment funds 2015 Fund 45% 22.4
Basecamp Explorer Kenya Ltd Tourism 2010 Equity 100% 16.4
European Financing Partners SA Investment funds 2006 Equity and loan 22% 63.7
Fanisi Capital Fund II Investment funds 2017 Fund 50% 61.2
Fanisi Management II Investment funds 2017 Equity and loan 100% 20.4
Fanisi Venture Capital Fund Investment funds 2009 Fund 59% 56.8
Fanisi Venture Management Company Investment funds 2009 Equity and loan 59% 1.7
Freight in Time Other industrial partnerships 2015 Equity and loan 67% 46.5
Globeleq Ltd Energy 2014 Equity 1% 19.1
GroFin Africa Fund Investment funds 2008 Fund 9% 5.4
GroFin SGB Fund Limited Partnership Investment funds 2015 Fund 17% 21.3
HFC Limited Banking 2014 Loan 100% 60.2
Interact Climate Change Facility Energy 2010 Loan 9% 23.5
KLP Norfund Investments AS Investment funds 2013 Equity 35.9% 175.9
Kinangop Wind Park Limited Energy - wind 2013 Equity 100% 94.3
Lake Turkana Wind Power Limited Energy - wind 2013 Loan 100% 13.6
M-Kopa Energy - solar 2017 Loan 79% 82.8
Marginpar Group Food and agribusiness 2018 Equity 69.6% 46.5
NMI Frontier Fund Microfinance 2008 Fund 40% 43.2
NMI Fund III Microfinance 2013 Fund 31.2% 57.4
NMI Global Fund Microfinance 2008 Fund 1.7% 0.9
Nordic Microfinance Initiative AS Microfinance 2008 Equity 26% 7.4
Norwegian Microfinance Initiative AS Microfinance 2008 Equity 30% 9.0
Novastar Ventures East Africa Fund Investment funds 2013 Fund 86% 65.2
Vertical Agro (Sunripe & Serengeti Fresh) Food and agribusiness 2014 Equity 71% 30.1
Voxtra East Africa Agribusiness Ini Food and agribusiness 2011 Fund 0% 0.0
responsAbility Renewable Energy Holding Energy - hydro 2017 Equity 41% 33.5

Indirect investment

Investment Sector Year Investor
16-KE-PRO-1013-LTWP Energy - wind Interact Climate Change Facility
AGRIFILMS KENYA LIMITED Financial services GroFin SGB Fund Limited Partnership
ALFA AUTO SPARES AND LUBRICANTS LIMITED Wholesale and retail GroFin SGB Fund Limited Partnership
Appleton Kindergarten and Montessori Sch Education BPI East Africa LLC
Asmara Entertainment Ltd Financial services GroFin SGB Fund Limited Partnership
Athi River Mining (ARM) Manufacturing Aureos Africa Fund
Athi River Steel Plant Ltd Manufacturing Aureos East Africa Fund
Bernard Otundo Manufacturing BPI East Africa LLC
Bestell Computers Ltd. Wholesale and retail GroFin Africa Fund
Botto Solar Manufacturing GroFin SGB Fund Limited Partnership
Brookside Dairy Manufacturing Aureos Africa Fund
Building Construction Concepts Limited Manufacturing GroFin SGB Fund Limited Partnership
Cesscolina Agencies Ltd Manufacturing GroFin Africa Fund
Cesscolina East Africa Ltd Manufacturing GroFin SGB Fund Limited Partnership
Clover Foods (K) Ltd. Wholesale and retail GroFin Africa Fund
Coop Bank (74-KE-DEG-0612) Banking European Financing Partners SA
Danne Suppliers Company Ltd Wholesale and retail GroFin SGB Fund Limited Partnership
Deacons Wholesale and retail Aureos East Africa Fund
Dohashe Enterprises Wholesale and retail GroFin Africa Fund
Electro Watts Ltd Other services GroFin Africa Fund
Equator Apparels Limited Manufacturing BPI East Africa LLC
Equittel Limited Manufacturing GroFin SGB Fund Limited Partnership
European Foods Limited Wholesale and retail Fanisi Venture Capital Fund
Forefront Opticians Financial services GroFin SGB Fund Limited Partnership
Fortune House LimIted Wholesale and retail BPI East Africa LLC
GAEA Foods Manufacturing GroFin SGB Fund Limited Partnership
Ground Water Abstraction Kenya Outreach (Gwako) Other industrial partnerships GroFin Africa Fund
Haltons Limited Wholesale and retail Fanisi Venture Capital Fund
Hillcrest International Schools Education Fanisi Venture Capital Fund
ISO Health Health Africa Health Fund (Aureos)
JSAM INTERNATIONAL COMPANY LIMITED Wholesale and retail GroFin SGB Fund Limited Partnership
JUMBO AGROVET Manufacturing GroFin SGB Fund Limited Partnership
Jampur Agencies Wholesale and retail GroFin SGB Fund Limited Partnership
Joystar Bargain Traders Wholesale and retail GroFin SGB Fund Limited Partnership
Joystar Bargain Traders Wholesale and retail GroFin Africa Fund
KINDERVILLE JUNIOR SCHOOL Education GroFin SGB Fund Limited Partnership
Kariki Food and agribusiness Agri-Vie
Kisumu Concrete Products Ltd Other industrial partnerships Ascent Rift Valley Fund Ltd
Komaza Group FPC Food and agribusiness Novastar Ventures East Africa Fund
Kula Plus Tourism GroFin Africa Fund
LEVNEL ENTERPRISES LIMITED Wholesale and retail GroFin SGB Fund Limited Partnership
Lake Turkana Wind Power Limited Energy - wind KLP Norfund Investments AS
Live Ad Limited Other services Fanisi Venture Capital Fund
Luwada Management Services Ltd. Health GroFin Africa Fund
Lynk Jobs Limited Other services Novastar Ventures East Africa Fund
Mambo Interiors Ltd Manufacturing GroFin SGB Fund Limited Partnership
Mas Logistics Kenya Limited Other industrial partnerships GroFin Africa Fund
Mfarm Other services Novastar Ventures East Africa Fund
Migoko African Dishes Ltd Tourism GroFin Africa Fund
Mobile Web (Mauritius) Ltd. Communication Novastar Ventures East Africa Fund
Namsi Limited Wholesale and retail GroFin Africa Fund
Nanjala Limited Financial services GroFin SGB Fund Limited Partnership
Neo-Amadiva Ltd. Other services GroFin Africa Fund
New Globe Schools (Bridge International Academies) Education Novastar Ventures East Africa Fund
Ngare Narok Food and agribusiness Fanisi Venture Capital Fund
Notre Dame Education GroFin Africa Fund
OLERAI PRIMARY LIMITED JOLIDAY NURSERY SCHOOL Education GroFin SGB Fund Limited Partnership
Olkaria III (12-KE-DEG-0405) Energy European Financing Partners SA
Paygo Energy Energy Novastar Ventures East Africa Fund
Penda Health Health Novastar Ventures East Africa Fund
Poa International Ltd Communication Novastar Ventures East Africa Fund
Prodigy Healthcare Wholesale and retail GroFin SGB Fund Limited Partnership
Revital Healthcare Health Africa Health Fund (Aureos)
Royale Chrysto Events (E.A) Limited Financial services GroFin SGB Fund Limited Partnership
Rudufu Limited Wholesale and retail BPI East Africa LLC
Samali Electricals Ltd Wholesale and retail GroFin SGB Fund Limited Partnership
Sanergy Energy - bio Novastar Ventures East Africa Fund
Scatec Norfund Investments Ltd Energy - solar KLP Norfund Investments AS
Seven Seas Communication Aureos Africa Fund
Show Pack Limited Manufacturing BPI East Africa LLC
Sidai Investmens Ltd Wholesale and retail GroFin Africa Fund
Soko Inc. Other services Novastar Ventures East Africa Fund
SolarNow Energy - solar Novastar Ventures East Africa Fund
Sphinx Pharmaceuticals Limited Manufacturing BPI East Africa LLC
SpringHIll Sanergy Investors LLC Health Novastar Ventures East Africa Fund
Springhill Cookstoves (Paradigm) Manufacturing Novastar Ventures East Africa Fund
St Maria Montessori School Limited Education BPI East Africa LLC
Starbright Services Limited Financial services BPI East Africa LLC
Stratus Imaging Solutions Ltd Other services GroFin SGB Fund Limited Partnership
THE ARK JUNIOR SCHOOL LIMITED Education GroFin SGB Fund Limited Partnership
TWIDDLE PIPS JUNIOR SCHOOL LIMITED Education GroFin SGB Fund Limited Partnership
Testek Water Services Ltd Other industrial partnerships GroFin Africa Fund
The Uniform Shop East Africa Ltd. Wholesale and retail GroFin Africa Fund
United Farmers and Processors Manufacturing GroFin SGB Fund Limited Partnership
Versatile auto service parts & accessories Wholesale and retail GroFin SGB Fund Limited Partnership
WATERVALE INVESTMENTS LIMITED T/A MOKO FURNITURE Manufacturing GroFin SGB Fund Limited Partnership
WORLD PLASTICS COMPANY LIMITED Manufacturing GroFin SGB Fund Limited Partnership
Walgreen Pharmacy Ltd Other services GroFin SGB Fund Limited Partnership
Wansta Flour Millers Manufacturing GroFin Africa Fund
Wargen Services Ltd. Other industrial partnerships GroFin Africa Fund
Western Seed Food and agribusiness Voxtra East Africa Agribusiness Ini
Zuka Group Ltd Other industrial partnerships GroFin Africa Fund
iProcure Ltd. Food and agribusiness Novastar Ventures East Africa Fund

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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