Investments in Regional

Direct investment

Total commitment (MNOK): 18290.8 MNOK

Investment Sector Year Instrument Commitment
ARREND Central America Financial services 2015 Equity and loan 0% 112.4
ASILIA (African Spirit Group Limited) Tourism 2013 Equity and loan 0% 88.4
Access Bank Nigeria Banking 2017 Loan 0% 130.3
Adenia Capital Ltd II Investment funds 2007 Fund 0% 6.7
AfriCap Microfinance Investment C Microfinance 2007 Fund 0% 18.4
AfricInvest Financial Inclusion Vehicle LLC Banking 2018 Equity 0% 197.5
Africa Health Fund (Aureos) Investment funds 2011 Fund 0% 48.7
African Century Foods Ltd. Food and agribusiness 2013 Equity 0% 105.0
Afrinord Hotel Investments Tourism 2005 Equity and loan 0% 38.9
Agri-Vie Food and agribusiness 2010 Fund 0% 42.7
Agri-Vie II Food and agribusiness 2017 Fund 0% 122.9
Arise B.V. Banking 2016 Equity 0% 2 379.6
Ascent Rift Valley Fund Ltd Investment funds 2013 Fund 0% 80.3
Aureos Africa Fund Investment funds 2008 Fund 0% 130.8
Aureos CA Growth Fund (EMERGE) Investment funds 2006 Fund 0% 8.7
Aureos East Africa Fund Investment funds 2003 Fund 0% 4.5
Aureos Latin America Fund (ALAF) Investment funds 2007 Fund 0% 55.2
Aureos South Asia Fund (Holdings) Investment funds 2006 Fund 0% 71.5
Aureos South-East Asia Fund Investment funds 2004 Fund 0% 15.9
Aureos South-East Asia Fund II Investment funds 2010 Fund 0% 37.6
Aureos Southern Africa Fund Investment funds 2003 Fund 0% 18.9
Aureos West Africa Fund Investment funds 2003 Fund 0% 12.3
BPI East Africa LLC Investment funds 2015 Fund 0% 50.9
Banco Promerica Costa Rica Banking 2018 Equity 0% 130.3
CASEIF II Investment funds 2007 Fund 0% 9.0
CASEIF III Investment funds 2014 Fund 0% 82.1
CIFI Financial services 2004 Equity 0% 116.2
CORECO Financial services 2012 Fund 0% 74.9
Cambodia Laos Myanmar Development Fund II Investment funds 2015 Fund 0% 84.0
Confianza Microfinance 2014 Equity 0% 10.9
E&Co (Persistent Energy) Energy 2009 Loan 0% 8.6
ECP Africa Fund IV Investment funds 2018 Fund 0% 239.5
EcoEnterprises Partners III, LP Investment funds 1900 Fund 0% 52.1
European Financing Partners SA Investment funds 2006 Equity and loan 0% 300.5
Evolution One Fund Energy 2009 Fund 0% 7.3
FIPA II Investment funds 2016 Fund 0% 155.9
Fanisi Capital Fund II Investment funds 2017 Fund 0% 130.0
Fanisi Management II Investment funds 2017 Equity and loan 0% 21.7
Fanisi Venture Capital Fund Investment funds 2009 Fund 0% 96.6
Fanisi Venture Management Company Investment funds 2009 Equity and loan 0% 3.1
Freight in Time Other industrial partnerships 2015 Equity and loan 0% 70.5
Globeleq Ltd Energy 2014 Equity 0% 1 910.0
Green Resources USD Food and agribusiness 2009 Equity and loan 0% 243.6
GroFin Africa Fund Investment funds 2008 Fund 0% 59.8
GroFin SGB Fund Limited Partnership Investment funds 2015 Fund 0% 125.6
HEFF Microfinance 2011 Fund 0% 34.7
Interact Climate Change Facility Energy 2010 Loan 0% 271.4
KLP Norfund Investments AS Investment funds 2013 Equity 0% 522.9
LAAD Financial services 2004 Loan 0% 210.0
LOCFUND II Microfinance 2013 Fund 0% 53.8
M-Kopa Energy - solar 2017 Loan 0% 111.8
Marginpar Group Food and agribusiness 2018 Equity 0% 68.0
NMI Frontier Fund Microfinance 2008 Fund 0% 71.9
NMI Fund III Microfinance 2013 Fund 0% 184.0
NMI Fund IV Microfinance 2018 Fund 0% 216.0
NMI GP IV AS Microfinance 2018 Equity 0% 24.0
NMI Global Fund Microfinance 2008 Fund 0% 53.8
Neofresh Food and agribusiness 2017 Equity 0% 40.6
Norfinance AS Banking 2013 Equity 0% 419.9
Norsad Financial services 2011 Equity 0% 56.8
Norwegian Microfinance Initiative AS Microfinance 2008 Equity 0% 30.0
Novastar Ventures East Africa Fund Investment funds 2013 Fund 0% 77.2
Oasis Africa Fund Investment funds 2017 Fund 0% 42.8
Prospero Microfinance 2011 Fund 0% 21.4
Real People Investment Holdings (Pty) Limited Financial services 2009 Equity and loan 0% 126.3
SN Power AS Energy - hydro 2013 Equity 0% 7 649.9
Spear Africa Holding II Manufacturing 2017 Fund 0% 65.0
Sunshine Energy - solar 2017 Equity 0% 13.0
Vantage Mezzanine Fund II Investment funds 2011 Fund 0% 55.8
Vertical Agro (Sunripe & Serengeti Fresh) Food and agribusiness 2014 Equity 0% 40.8
Voxtra East Africa Agribusiness Ini Food and agribusiness 2011 Fund 0% 31.7
responsAbility Renewable Energy Holding Energy - hydro 2017 Equity 0% 86.9

Indirect investment

Investment Sector Year Investor
Afrisam Manufacturing Vantage Mezzanine Fund II
Arise B.V. Banking Norfinance AS
Brioche Manufacturing Voxtra East Africa Agribusiness Ini
CPG Hospitality Tourism CORECO
DWM Microfinance Fund Microfinance NMI Global Fund
Equity Bank Limited Banking Arise B.V.
FEFISOL Microfinance NMI Frontier Fund
Forte Microinsurance PLC Financial services Cambodia Laos Myanmar Development Fund II
Fundapec Microfinance HEFF
GIM SAL Corp. Other services CASEIF III
Goodwell West Africa Microfinance Dev Co Microfinance NMI Frontier Fund
IATAI Other services CASEIF III
Lunam Ltd Food and agribusiness FIPA II
Marginpar Group Food and agribusiness Agri-Vie II
Microfinance Growth Fund, LLC Microfinance NMI Global Fund
National Urethane Industries (NUI) Manufacturing Horizon Equity Partners Fund III
New Forest Company Food and agribusiness Agri-Vie
Oway PTE Communication Cambodia Laos Myanmar Development Fund II
Progression East African Microfinance Equity Fund Microfinance NMI Frontier Fund
REGMIFA Microfinance NMI Global Fund
Rivanas Properties Limited Wholesale and retail BPI East Africa LLC
Saltside Technology AB Communication Frontier Fund
Servest Other services Vantage Mezzanine Fund II
Triodos Microfinance Fund Microfinance NMI Global Fund

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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