Investments in Zambia

Direct investment

Total commitment (MNOK): 743.1 MNOK

Investment Sector Year Instrument Commitment
AfricInvest Financial Inclusion Vehicle LLC Banking 2018 Equity 5% 9.0
Arise B.V. Banking 2016 Equity 8% 191.3
SN Power AS Energy - hydro 2013 Equity 3% 223.3
responsAbility Renewable Energy Holding Energy - hydro 2017 Equity 21% 17.9
New Africa Power Energy - hydro 2017 Equity 100% 15.6
Norsad Financial services 2011 Equity 18% 10.2
Focus Financial Services Limited Financial services 2014 Loan 100% 16.6
Agrivision Food and agribusiness 2012 Equity 100% 161.6
African Century Foods Ltd. Food and agribusiness 2013 Equity and loan 20% 22.5
European Financing Partners SA Investment funds 2006 Equity and loan 4% 11.0
Aureos Southern Africa Fund Investment funds 2003 Fund 50% 9.3
GroFin Africa Fund Investment funds 2008 Fund 2% 1.2
Africa Health Fund (Aureos) Investment funds 2011 Fund 1% 0.5
GroFin SGB Fund Limited Partnership Investment funds 2015 Fund 12% 15.1
Spear Africa Holding II Manufacturing 2017 Fund 25% 16.0
NMI Global Fund Microfinance 2008 Fund 0.8% 0.4
NMI Fund IV Microfinance 2018 Fund 10% 21.6

Indirect investment

Investment Sector Year Investor
Zanaco Banking Arise B.V.
Lunsemfwa Hydro Power Co. Ltd Energy SN Power AS
Muchinga Power Company Ltd Energy SN Power AS
Wankoes Investestment Ltd Financial services GroFin SGB Fund Limited Partnership
Nebious Trading Financial services GroFin SGB Fund Limited Partnership
Base Property Developers Limited Financial services GroFin SGB Fund Limited Partnership
Bestlay Country Egg Limited Financial services GroFin SGB Fund Limited Partnership
Universal Oil Marketing Co Ltd Financial services GroFin SGB Fund Limited Partnership
MABABE FARMS HARDWARE AND TRANSPORT LIMITED Food and agribusiness GroFin SGB Fund Limited Partnership
Lusaka Trust Hospital Limited Health Africa Health Fund (Aureos)
Wanzana Processing Ltd Manufacturing GroFin SGB Fund Limited Partnership
Lilume Quarry Zambia Limited Manufacturing GroFin SGB Fund Limited Partnership
Versus Master Painters and Coatings Ltd Manufacturing GroFin SGB Fund Limited Partnership
Grill Master Meat Supplies Ltd Manufacturing GroFin SGB Fund Limited Partnership
Zambeef (46-ZM-DEG-1208) Manufacturing European Financing Partners SA
HYWIKAM LIMITED Other industrial partnerships GroFin SGB Fund Limited Partnership
Olibul Investment Limited Other industrial partnerships GroFin Africa Fund
Enigma Petroleum Limited Other industrial partnerships GroFin Africa Fund
SPEEDPAY LIMITED Other services GroFin SGB Fund Limited Partnership
Impanga Ya Mambwe Lodge Limited Tourism GroFin Africa Fund
Lokambe Energy Solutions Limited Wholesale and retail GroFin SGB Fund Limited Partnership
Jasp Clearing And Forwarding Limited Wholesale and retail GroFin SGB Fund Limited Partnership
Jasp Clearing And Forwarding Limited- Add Funding Wholesale and retail GroFin SGB Fund Limited Partnership

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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