Investments in Uganda

Direct investment

Total commitment (MNOK): 2786.9 MNOK

Investment Sector Year Instrument Commitment
Equity Bank Limited Banking 2019 Loan 3.6% 4.6
Arise B.V. Banking 2016 Equity 17.6% 420.9
Norfinance AS Banking 2013 Equity 90% 377.9
Interact Climate Change Facility Energy 2010 Loan 3% 7.6
E&Co (Persistent Energy) Energy 2009 Loan 0.33% 0.0
SN Power AS Energy - hydro 2013 Equity 23% 1 712.2
responsAbility Renewable Energy Holding Energy - hydro 2017 Equity 25% 21.3
Eco-Nor Energy Ltd Energy - hydro 2019 Equity 100% 8.0
Rwimi EP Company Ltd Energy - hydro 2015 Loan 100% 20.1
M-Kopa Energy - solar 2017 Loan 21% 21.4
African Century Foods Ltd. Food and agribusiness 2013 Equity and loan 10% 11.3
Green Resources USD Food and agribusiness 2009 Equity and loan 10% 31.3
Agri-Vie Food and agribusiness 2010 Fund 6% 2.6
Agri-Vie II Food and agribusiness 2017 Fund 10% 12.1
GLAD Ltd Food and agribusiness 2012 Loan 100% 1.1
Voxtra East Africa Agribusiness Ini Food and agribusiness 2011 Fund 45% 14.2
BPI East Africa LLC Investment funds 2015 Fund 30% 15.2
Ascent Rift Valley Fund Ltd Investment funds 2013 Fund 20% 16.0
Novastar Ventures East Africa Fund Investment funds 2013 Fund 14% 10.8
GroFin SGB Fund Limited Partnership Investment funds 2015 Fund 21% 26.4
GroFin Africa Fund Investment funds 2008 Fund 17% 9.9
Africa Health Fund (Aureos) Investment funds 2011 Fund 3% 1.4
Fanisi Capital Fund II Investment funds 2017 Fund 10% 12.8
NMI GP IV AS Microfinance 2018 Equity 8% 1.9
NMI Fund IV Microfinance 2018 Fund 10% 21.6
Freight in Time Other industrial partnerships 2015 Equity and loan 6% 4.2

Indirect investment

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

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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