Investments in Rwanda

Direct investment

Total commitment (MNOK): 190.8 MNOK

Investment Sector Year Instrument Commitment
Arise B.V. Banking 2016 Equity 0.8% 19.1
BPI East Africa LLC Investment funds 2015 Fund 25% 12.7
Equity Bank Limited Banking 2019 Loan 3% 3.8
Fanisi Capital Fund II Investment funds 2017 Fund 20% 25.5
Fanisi Venture Capital Fund Investment funds 2009 Fund 24% 23.2
Fanisi Venture Management Company Investment funds 2009 Equity and loan 24% 0.7
Freight in Time Other industrial partnerships 2015 Equity and loan 4% 2.8
Gigawatt Global Rwanda Ltd Energy - solar 2014 Equity and loan 100% 34.7
GroFin Africa Fund Investment funds 2008 Fund 11% 6.4
GroFin SGB Fund Limited Partnership Investment funds 2015 Fund 13% 16.3
NMI Fund IV Microfinance 2018 Fund 10% 21.6
TPS Rwanda Tourism 2010 Equity 100% 12.5
Voxtra East Africa Agribusiness Ini Food and agribusiness 2011 Fund 20% 6.3
responsAbility Renewable Energy Holding Energy - hydro 2017 Equity 6% 5.1

Indirect investment

Investment Sector Year Investor
4 Hi 3 Mu import & export Ltd Wholesale and retail GroFin SGB Fund Limited Partnership
ADIYA LTD Wholesale and retail GroFin SGB Fund Limited Partnership
Addax Petroleum Ltd Wholesale and retail GroFin SGB Fund Limited Partnership
African Business Ltd Wholesale and retail GroFin Africa Fund
Africana Guest House Ltd Manufacturing GroFin Africa Fund
Agruni Limited Manufacturing BPI East Africa LLC
Alicomec Manufacturing BPI East Africa LLC
BABC Food and agribusiness GroFin SGB Fund Limited Partnership
Banco Populaire Rwanda (BPR) Banking Arise B.V.
Barrow Education Consult Ltd Education BPI East Africa LLC
Black Bull mining Ltd Other industrial partnerships GroFin Africa Fund
Building Equipment and Material Supply Manufacturing BPI East Africa LLC
Camel Travel & Tours Agency Ltd Tourism GroFin Africa Fund
EDECON Consultants Ltd Financial services GroFin SGB Fund Limited Partnership
ETS FURAHA EUGENE Wholesale and retail GroFin SGB Fund Limited Partnership
Energy Solutions (ENES) Ltd Wholesale and retail BPI East Africa LLC
Etablissement G.J Ltd Wholesale and retail GroFin Africa Fund
FANTASTIC INVESTMENT GROUP LTD Wholesale and retail GroFin SGB Fund Limited Partnership
Good Foundation Nursery and Primary School Education GroFin Africa Fund
Highlands school Ltd Financial services GroFin SGB Fund Limited Partnership
IRAMIRO CLINIC LTD Health GroFin SGB Fund Limited Partnership
ISIMBI FARM LTD Wholesale and retail GroFin SGB Fund Limited Partnership
Ikwim Petrolgate Ltd Wholesale and retail BPI East Africa LLC
Immy Kamarade Numutako Financial services BPI East Africa LLC
Imprimerie AZ Media Plus Manufacturing BPI East Africa LLC
Imprimerie Papeterie Moderne Limited Wholesale and retail BPI East Africa LLC
Jeanne d'Arc Uwingabiye and Jean Claude Financial services BPI East Africa LLC
M.Line Petro Station Ltd Wholesale and retail GroFin SGB Fund Limited Partnership
Mother Mary School Complex Ltd Education BPI East Africa LLC
Mount Carmel School Ltd Education BPI East Africa LLC
Ngwama Properties Limited Other industrial partnerships BPI East Africa LLC
Payless Services and Interior Designing Financial services BPI East Africa LLC
Prime Auto Care Garage Ltd Financial services BPI East Africa LLC
ProDev Group Holding Limited Food and agribusiness Fanisi Venture Capital Fund
Promota Creations Limited Manufacturing BPI East Africa LLC
RGL Security Company Financial services GroFin SGB Fund Limited Partnership
RWANDA TEXTILE IMPORTERS AND TRADERS LTD Wholesale and retail GroFin SGB Fund Limited Partnership
Raja Trading Ltd Financial services GroFin SGB Fund Limited Partnership
Rudasingwa Musiime Eugene Financial services BPI East Africa LLC
Rwanda Building And Construction Company Ltd Other industrial partnerships GroFin SGB Fund Limited Partnership
Rwanda Dimension Technology (Rdtech) Wholesale and retail GroFin Africa Fund
Sebunyana Geoffrey Financial services BPI East Africa LLC
Soft Group Company Limited Manufacturing BPI East Africa LLC
Sophar Health Fanisi Venture Capital Fund
Touch Media Design Limited Financial services BPI East Africa LLC
Treasure Company Limited Financial services BPI East Africa LLC
Trust Impex S.a.r.l Wholesale and retail GroFin Africa Fund
Tulimuahanga Etienne Other industrial partnerships GroFin Africa Fund
Tulimumaganga Etienne t/a High Tech Wholesale and retail GroFin Africa Fund
Ukam Properties Ltd Other industrial partnerships BPI East Africa LLC
YAK FAIR TRADE LTD Manufacturing GroFin SGB Fund Limited Partnership

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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