Investments in Zambia

Direct investment

Total commitment (MNOK): 743.1 MNOK

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

Indirect investment

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

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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