Investments in Regional

Direct investment

Total commitment (MNOK): 17965.3 MNOK

Investment Sector Year Instrument Commitment
ARREND Central America Financial services 2015 Equity and loan 0% 106.6
ASILIA (African Spirit Group Limited) Tourism 2013 Equity and loan 0% 88.0
Access Bank Nigeria Banking 2017 Loan 0% 111.8
Accion Quona Inclusion Fund LP Investment funds 2019 Fund 0% 85.2
Adenia Capital Ltd II Investment funds 2007 Fund 0% 5.7
AfriCap Microfinance Investment C Microfinance 2007 Fund 0% 18.2
AfricInvest Financial Inclusion Vehicle LLC Banking 2018 Equity 0% 180.4
Africa Health Fund (Aureos) Investment funds 2011 Fund 0% 48.3
African Century Foods Ltd. Food and agribusiness 2013 Equity and loan 0% 112.7
Afrinord Hotel Investments Tourism 2005 Equity and loan 0% 37.0
Agri-Vie Food and agribusiness 2010 Fund 0% 42.7
Agri-Vie II Food and agribusiness 2017 Fund 0% 120.9
Arise B.V. Banking 2016 Equity 0% 2 391.3
Ascent Rift Valley Fund Ltd Investment funds 2013 Fund 0% 79.8
Aureos Africa Fund Investment funds 2008 Fund 0% 122.3
Aureos CA Growth Fund (EMERGE) Investment funds 2006 Fund 0% 8.6
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% 56.4
Aureos South-East Asia Fund II Investment funds 2010 Fund 0% 37.4
Aureos Southern Africa Fund Investment funds 2003 Fund 0% 18.7
Aureos West Africa Fund Investment funds 2003 Fund 0% 12.1
BPI East Africa LLC Investment funds 2015 Fund 0% 50.7
CASEIF II Investment funds 2007 Fund 0% 8.8
CASEIF III Investment funds 2014 Fund 0% 80.9
CIFI Financial services 2004 Equity 0% 116.2
CORECO Financial services 2012 Fund 0% 74.7
Cambodia Laos Myanmar Development Fund II Investment funds 2015 Fund 0% 83.2
Confianza Microfinance 2014 Loan 0% 5.3
Development Partners International III Investment funds 2019 Fund 0% 340.7
E&Co (Persistent Energy) Energy 2009 Loan 0% 8.4
ECP Africa Fund IV Investment funds 2018 Fund 0% 249.9
Eco-Nor Energy Ltd Energy - hydro 2019 Equity 0% 8.0
EcoEnterprises Partners III, LP Investment funds 2018 Fund 0% 51.2
Equity Bank Limited Banking 2019 Loan 0% 127.8
European Financing Partners SA Investment funds 2006 Equity and loan 0% 276.0
Evolution II (Mauritius) LP (via KNI) Energy 2019 Fund 0% 130.3
Evolution One Fund Energy 2009 Fund 0% 7.3
FIPA II Investment funds 2016 Fund 0% 153.1
Fanisi Capital Fund II Investment funds 2017 Fund 0% 127.7
Fanisi Management II Investment funds 2017 Equity and loan 0% 21.3
Fanisi Venture Capital Fund Investment funds 2009 Fund 0% 96.6
Fanisi Venture Management Company Investment funds 2009 Equity and loan 0% 3.0
Freight in Time Other industrial partnerships 2015 Equity and loan 0% 70.2
Frontiir (direct co-investment with MOFII) Communication 2019 Equity 0% 25.6
Globeleq Ltd Energy 2014 Equity 0% 1 826.0
Green Resources USD Food and agribusiness 2009 Equity and loan 0% 313.5
GroFin Africa Fund Investment funds 2008 Fund 0% 58.3
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% 254.8
LAAD Financial services 2004 Loan 0% 198.8
LOCFUND II Microfinance 2013 Fund 0% 53.8
M-Kopa Energy - solar 2017 Loan 0% 101.9
NMI Frontier Fund Microfinance 2008 Fund 0% 54.6
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% 47.0
Neofresh Food and agribusiness 2017 Equity 0% 43.5
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% 76.9
Oasis Africa Fund Investment funds 2017 Fund 0% 42.1
Prospero Microfinance 2011 Fund 0% 21.4
Real People Investment Holdings (Pty) Limited Financial services 2009 Equity and loan 0% 123.3
SN Power AS Energy - hydro 2013 Equity 0% 7 444.5
Spear Africa Holding II Manufacturing 2017 Fund 0% 63.9
Star Bright Holdings Ltd.(Marginpar Group) Food and agribusiness 2018 Equity 0% 68.5
Sunshine Energy - solar 2017 Loan 0% 12.8
Vantage Mezzanine Fund II Investment funds 2011 Fund 0% 51.4
Vertical Agro (Sunripe & Serengeti Fresh) Food and agribusiness 2014 Loan 0% 40.0
Voxtra East Africa Agribusiness Ini Food and agribusiness 2011 Fund 0% 31.7
responsAbility Renewable Energy Holding Energy - hydro 2017 Equity 0% 85.2

Indirect investment

Investment Sector Year Investor
34-KE-FMO-0316-Selenkei Energy - solar Interact Climate Change Facility
35-KE-FMO-0316-Cedate Energy - solar Interact Climate Change Facility
39-EG-PRO-0417-RaSolar Energy - solar Interact Climate Change Facility
AFC (80-NG-PRO-1012) Banking European Financing Partners SA
AMC Microfinance LOCFUND
Alcance Integral - GRS Wholesale and retail CORECO
Arise B.V. Banking Norfinance AS
Brioche Manufacturing Voxtra East Africa Agribusiness Ini
CPG Hospitality Tourism CORECO
Chase Bank (94-KE-FMO-0414) Banking European Financing Partners SA
Cong Hoa General Clinic Health SEAF Blue Waters Growth Fund
DWM Microfinance Fund Microfinance NMI Global Fund
Danco Sport Other services SEAF Blue Waters Growth Fund
ETG (79-MU-PRO-1012) Food and agribusiness European Financing Partners SA
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
Ghana Home Loans (103-GH-FMO-1015-GHL) Banking European Financing Partners SA
Goodwell West Africa Microfinance Dev Co Microfinance NMI Frontier Fund
Ha Thanh Binh Industires Corp. Other industrial partnerships SEAF Blue Waters Growth Fund
Helios Towers (97-CD-DEG-0614) Communication European Financing Partners SA
IATAI Other services CASEIF III
IEFCL (78-NG-DEG-0912) Manufacturing European Financing Partners SA
Indochina Food Group Food and agribusiness SEAF Blue Waters Growth Fund
Ky Thuong Joint Stock Company (Tekcom) Manufacturing SEAF Blue Waters Growth Fund
Lunam Ltd Food and agribusiness FIPA II
MBMG Wholesale and retail CORECO
Microfinance Growth Fund, LLC Microfinance NMI Global Fund
Mobisol (100-TZ-DEG-0115) Energy - solar European Financing Partners SA
NMB (84-TZ-FMO-0313) Microfinance European Financing Partners SA
National Urethane Industries (NUI) Manufacturing Horizon Equity Partners Fund III
New Forest Company Food and agribusiness Agri-Vie
Niem Tin Company Limited Other services SEAF Blue Waters Growth Fund
Olkaria IV (106-KE-DEG-0316) Energy - geothermal European Financing Partners SA
Oway PTE Communication Cambodia Laos Myanmar Development Fund II
PTA Bank (53-KE-FMO-0709) Financial services European Financing Partners SA
Progression East African Microfinance Equity Fund Microfinance NMI Frontier Fund
REGMIFA Microfinance NMI Global Fund
Rivanas Properties Limited #N/A BPI East Africa LLC
Saltside Technology AB Communication Frontier Fund
Servest Other services Vantage Mezzanine Fund II
Stanbic Bank (95-NG-FMO-0515) Banking European Financing Partners SA
Star Bright Holdings Ltd.(Marginpar Group) Food and agribusiness Agri-Vie II
Sunrise Kidz Other services SEAF Blue Waters Growth Fund
Tamy Production Manufacturing SEAF Blue Waters Growth Fund
Thanh Cong Transport Co., Ltd. Other services SEAF Blue Waters Growth Fund
Thien Thao Nguyen Co., Ltd Other industrial partnerships SEAF Blue Waters Growth Fund
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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