Investments in Uganda

Direct investment

Total commitment (MNOK): 1799.4 MNOK

Investment Sector Year Instrument Commitment
Africa Health Fund (Aureos) Investment funds 2011 Fund 3% 1.4
African Century Foods Ltd. Food and agribusiness 2013 Equity 10% 10.3
Agri-Vie Food and agribusiness 2010 Fund 6% 2.7
Agri-Vie II Food and agribusiness 2017 Fund 10% 11.7
Arise B.V. Banking 2016 Equity 19.8% 426.6
Ascent Rift Valley Fund Ltd Investment funds 2013 Fund 20% 16.5
BPI East Africa LLC Investment funds 2015 Fund 30% 14.9
E&Co (Persistent Energy) Energy 2009 Loan 0.33% 0.0
Fanisi Capital Fund II Investment funds 2017 Fund 10% 12.2
Freight in Time Other industrial partnerships 2015 Equity and loan 6% 4.2
GLAD Ltd Food and agribusiness 2012 Loan 100% 4.9
Green Resources USD Food and agribusiness 2009 Equity and loan 10% 21.2
GroFin Africa Fund Investment funds 2008 Fund 17% 10.1
GroFin SGB Fund Limited Partnership Investment funds 2015 Fund 21% 26.4
Interact Climate Change Facility Energy 2010 Loan 3% 7.8
M-Kopa Energy - solar 2017 Loan 21% 22.0
Norfinance AS Financial services 2013 Equity 90% 377.9
Novastar Ventures East Africa Fund Investment funds 2013 Fund 14% 10.6
Rwimi EP Company Ltd Energy - hydro 2015 Equity 100% 21.0
SN Power AS Energy - hydro 2013 Equity 10% 764.7
Voxtra East Africa Agribusiness Ini Food and agribusiness 2011 Fund 45% 14.2
responsAbility Renewable Energy Holding Energy - hydro 2017 Equity 22% 17.9

Indirect investment

Investment Sector Year Investor
27-UG-FMO-0315-NYAMWAMBA Energy - hydro Interact Climate Change Facility
28-UG-FMO-0315-Mpanga Energy - hydro Interact Climate Change Facility
African Queen Uganda Manufacturing Ascent Rift Valley Fund Ltd
Amos Diaries Manufacturing Voxtra East Africa Agribusiness Ini
BENSIMO GROUP (U) LIMITED Manufacturing GroFin SGB Fund Limited Partnership
Bahama Blessings Limited Other industrial partnerships GroFin Africa Fund
Biyinzika Enterprises Food and agribusiness Voxtra East Africa Agribusiness Ini
Brick World Uganda Limited Other industrial partnerships GroFin Africa Fund
Chims Africa Ltd Communication Ascent Rift Valley Fund Ltd
Chims Enterprises Financial services GroFin Africa Fund
DEJOLISA (U) LTD Manufacturing GroFin SGB Fund Limited Partnership
DFCU Limited Banking Norfinance AS
DFCU Limited Banking Arise B.V.
Ecos Medical Foundation Ltd Health GroFin Africa Fund
Edith Harriet Abonwaku T/a Lubogo Electricals Wholesale and retail GroFin Africa Fund
Frapho Investment Ltd Financial services GroFin SGB Fund Limited Partnership
GRACE MUHUMUZA SCHOOLS Education GroFin SGB Fund Limited Partnership
HUMAN DIAGNOSTICS (UGANDA) LIMITED Health GroFin SGB Fund Limited Partnership
IGONGO CULTURAL CENTRE AND COUNTRY HOTEL Tourism GroFin SGB Fund Limited Partnership
Inyamat Cafe and Restaurant Wholesale and retail BPI East Africa LLC
Jinja Central School Limited Financial services GroFin SGB Fund Limited Partnership
Katon Manufacturers Manufacturing GroFin Africa Fund
Kiruhura Dairy Project Limited Manufacturing GroFin SGB Fund Limited Partnership
Kiruhura Dairy Project Limited Manufacturing GroFin Africa Fund
Lachen Investments Limited Financial services GroFin SGB Fund Limited Partnership
MODEST INN LIMITED Food and agribusiness GroFin SGB Fund Limited Partnership
Medilla Limited Manufacturing GroFin Africa Fund
Mt. Vernon Secondary School Maya Education GroFin Africa Fund
Mukono Bookshop Printers & Publishers Co Wholesale and retail BPI East Africa LLC
Mukono Bookshop Printing & Publishing co Financial services GroFin SGB Fund Limited Partnership
NDURWA MILLERS UGANDA LTD Manufacturing GroFin SGB Fund Limited Partnership
Namulundu Medical Center Health GroFin Africa Fund
Nsamba Trading Group Ltd Wholesale and retail GroFin Africa Fund
Ntinda Apartments Other industrial partnerships BPI East Africa LLC
Pharmcent Limited (Guardian Health Ltd) Wholesale and retail Ascent Rift Valley Fund Ltd
Profocus Limited Financial services GroFin SGB Fund Limited Partnership
Quick Wholesalers (U) Ltd Wholesale and retail GroFin Africa Fund
Real Task Agencies Limited Wholesale and retail GroFin Africa Fund
Shine Group Limited Wholesale and retail GroFin Africa Fund
Ssebaggala & Sons Electro Centre Ltd Wholesale and retail GroFin Africa Fund
St Michael Mixed Day and Boarding Primary School Financial services GroFin Africa Fund
THE GRAND GLOBAL HOTEL LIMITED Financial services GroFin Africa Fund
THE GRAND GLOBAL HOTEL LIMITED Financial services GroFin SGB Fund Limited Partnership
Tateru (Simba Properties Investment Co) Other industrial partnerships Vantage Mezzanine Fund II
Tumaini Investments Limited Other industrial partnerships GroFin Africa Fund
Victoria Best Limited Manufacturing GroFin SGB Fund Limited Partnership
Vine Pharmaceuticals Health Africa Health Fund (Aureos)
WANA SOLUTIONS UGANDA LIMITED Other services GroFin SGB Fund Limited Partnership
World of T-Shirts Wholesale and retail GroFin Africa Fund

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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