Fundo de Investimento Privado-Angol

  • Region: Africa
  • Country: Angola
  • Sector: Investment funds
  • Year: 2009
  • Domicile: Luxembourg
  • Instrument: Fund
  • Commitment (MNOK) as of 31.12.2016: 63.9
  • Original Commitment (MNOK): 65.6

Fundo de Investimento Privado (FIPA) is an equity capital fund that targets small- and medium-sized enterprises found outside the dominant petroleum and diamond industries in the country. Norfund was instrumental in establishing the fund and is also a shareholder of the General Partner.

FIPA seeks to contribute capital to Angolan SMEs as well as professionalise the companies where it invests. This will serve to increase employment in the formal economy and make new goods and services available in the country. Norfund has acted as a key initiator of the fund and also holds an ownership share of the management company.

The other investors are IFU, EIB, Banco Africano de Investimento (BAI) and Banco Privado Atlantico (BPA). Angola is rich in natural resources and there is considerable potential in a number of industries.

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo