Fanisi Venture Management Company
- Region: Africa
- Country: Regional
- Sector: Investment funds
- Year: 2009
- Domicile: Luxembourg
- Instrument: Equity and loan
- Commitment (MNOK) as of 22.12.2017: 2.9
- Original Commitment (MNOK): 2.9
Fanisi is the result of an initiative taken by Norfund to fill part of the financing gap African SMEs are experiencing. Norfund owns 50% of the GP and is the acnchor investor in the Fund.
Fanisi Venture Management is a management company that manages Fanisi Venture Capital Fund. Norfund owns 50 per cent of the company; the remaining half is held by Amani, which is owned by the employees. Norfund initiated the establishment of the company, based on a wish to develop the capital market in East Africa by setting up management capability in an area that was underdeveloped in the East African market.
Professionalise small enterprises
Fanisi typically makes equity investments in the range of USD 0.5 – 3 million, plays an active part in the companies, and contribute to making them professional and enabling them to grow. This involves boardroom work, and may also involve strategic advisory services, leadership training, new accounting systems and improved Health, Safety and Environment (HSE) standards. In addition to providing investment capital, Fanisi assists enterprises with subsidies for internal capacity and development projects. The management team has wide-ranging experience from successful entrepreneurship, operational management and investment activities, plus an extensive network in the region.