GroFin Africa Fund

  • Region: Africa
  • Country: Regional
  • Sector: Investment funds
  • Year: 2008
  • Domicile: Mauritius
  • Instrument: Fund
  • Commitment (MNOK) as of 31.3.2017: 61.3
  • Original Commitment (MNOK): 95.4

GAF offers local currency growth financing (mainly loans with upside participation) and business development assistance to a large number of small companies in South Africa, Kenya, Uganda, Tanzania Rwanda, Nigeria, Ghana and Zambia. The investment model is highly developmental but also demanding on resources. Total fund size = $160m + 10m from GroFin (mandatory co-investment agreement).

GroFin Africa Fund offers loans and equity capital in local currency to small enterprises in South Africa, Zambia, Kenya, Uganda, Tanzania, Rwanda, Nigeria and Ghana.

GroFin takes an active approach to its investments, and in addition to providing equity capital and loans, GroFin acts as advisors to its borrowers in fields such as management, marketing, financial planning and reporting. This is a good starting point for establishing viable small enterprises over time, thereby contributing to poverty alleviation, establishment of new places of employment and economic growth.

Norfund’s co-investors include IFC, CDC, FMO, the African Development Bank (AFDB), Shell Foundation, EIB and Proparco, in addition to GroFin itself.

Indirect investments

Investee Sector Country
ADB Scientific Products Ltd Wholesale and retail Ghana
African Business Ltd Wholesale and retail Rwanda
Africana Guest House Ltd Manufacturing Rwanda
Agya Owusu Company Limited Wholesale and retail Ghana
Alpha and Beta Investments Limited Other industrial partnerships Uganda
Amaica, The Restaurant Tourism Kenya
Angel Specialist International School Ltd. Education Ghana
Anita Ddembe Kateregga Wholesale and retail Uganda
Associated Biotechnology Comp Ltd Wholesale and retail Nigeria
Asud Investments Wholesale and retail South Africa
ATC Spices t/a Debonairs Pizza Wholesale and retail Nigeria
Autofine Ltd. Other services Kenya
Avante Trading 2016 CC Other industrial partnerships South Africa
B. Appah Electricals Ltd Other services Ghana
Bahama Blessings Limited Other industrial partnerships Uganda
Bamyap Enterprise Ltd Wholesale and retail Ghana
Banner Medical Centre Health Ghana
Baracuda Company Limited Other industrial partnerships Tanzania
Berly Trading Company Ltd Wholesale and retail Rwanda
Besandy & James Company Limited Wholesale and retail Ghana
Bestell Computers Ltd. Wholesale and retail Kenya
Better fashion limited Wholesale and retail Tanzania
Beulah Pharmaceutical Chemist Wholesale and retail Nigeria
Biotrace Trading 221 (Pty) Ltd T/A New Africa Inks Manufacturing South Africa
Black Bull mining Ltd Other industrial partnerships Rwanda
BLB5 Company Limited Wholesale and retail Tanzania
Blessed Food and Drinks Nigeria Limited Manufacturing Nigeria
Botto Solar Ltd Energy - solar Kenya
Brick World Uganda Limited Other industrial partnerships Uganda
Broadwater Company Limited Wholesale and retail Ghana
Budget Safaris and Tour Limited (John Nelson Nyagawa) Other industrial partnerships Tanzania
Camel Travel & Tours Agency Ltd Tourism Rwanda
Cargo Center Ghana Limited Other industrial partnerships Ghana
Centaurus Company Wholesale and retail Kenya
Chapelgate Health South Africa
Charo General Supply Co. Ltd. Other industrial partnerships Tanzania
Cherry Moss Trade and Invest 204 (Pty) Ltd t/a Pick n Pay The Reeds Wholesale and retail South Africa
Chims Enterprises Financial services Uganda
Citizen Medical Centre Ltd. Health Nigeria
City Square Trading Manufacturing South Africa
Clover Foods (K) Ltd. Wholesale and retail Kenya
Cob A Industries Ltd Manufacturing Ghana
Collboy Wholesale and retail Ghana
Comet Liners CC t/a Comet Cars Wholesale and retail South Africa
Concorde Panel Beaters Wholesale and retail South Africa
Cosmas Industries Limited Manufacturing Nigeria
CRM Investment Limited Manufacturing Tanzania
CSE Fitment Centres (Pty) Ltd Wholesale and retail South Africa
Cyclocor (Pty) Ltd Manufacturing South Africa
Cyclocor Manhole Covers Manufacturing South Africa
Daltem Ventures Manufacturing Nigeria
Dass Security Limited Other services Ghana
Dates & Events Other services Nigeria
Daystar Pre Primary Co. Ltd Other services Tanzania
Delmas Hardware and Mining Supplies CC Wholesale and retail South Africa
Devine Creche & Preparatory School Education Ghana
Diamond Pearls Petroleum Ltd. Wholesale and retail Nigeria
Diesel Rebar & Mesh Other industrial partnerships South Africa
Dohashe Enterprises Wholesale and retail Kenya
Dorcas Boutique & General supplies Limited Wholesale and retail Tanzania
Eastern Palace Motel Tourism Rwanda
Ecos Medical Foundation Ltd Health Uganda
Ecovans Limited Wholesale and retail Ghana
Edith Harriet Abonwaku T/a Lubogo Electricals Wholesale and retail Uganda
Ekandustria Brick & Sand Manufacturing South Africa
El Paraiso Holiday Resort Wholesale and retail Ghana
Electro Watts Ltd Other services Kenya
Emar Company Ltd Other services Tanzania
Emigoh Ghana Ltd Manufacturing Ghana
Enigma Petroleum Limited Other industrial partnerships Zambia
Etablissement G.J Ltd Wholesale and retail Rwanda
EUROPE Autoland Ltd Wholesale and retail Ghana
Evergreen Facilities Managers Ltd Communication Nigeria
Fikos Ventures Wholesale and retail Ghana
Firm Foundation Montessori Academy (FFMA) Education Ghana
FJA Jobs Nigeria Other services Nigeria
Flavours of life Tourism South Africa
Flourish Nutrition Nigeria Manufacturing Nigeria
Gabsons (T) Ltd. Manufacturing Tanzania
GAKI Transport co Ltd Other industrial partnerships Tanzania
Glade Digital Limited Manufacturing Ghana
Gondo Enterprises Ltd Wholesale and retail Tanzania
Good Foundation Nursery and Primary School Education Rwanda
Great Provider Trading & Company Limited(GPTC) Wholesale and retail Ghana
Green Label Services Ltd Other services Uganda
Ground Water Abstraction Kenya Outreach (Gwako) Other industrial partnerships Kenya
H. Furniture and Electronics Limited Wholesale and retail Tanzania
Hammarsdale Pipes & Fittings Manufacturing South Africa
Hanai Investment Limited Other industrial partnerships Tanzania
Happy English Medium Schools Education Tanzania
Harrismith Galvanizing Manufacturing South Africa
Hatlab Ice Cream Delite Ltd Wholesale and retail Nigeria
Hillcrest Hotel Ltd. Tourism Ghana
Hombolo General Supplies Limited Wholesale and retail Tanzania
Homefoods Processing Wholesale and retail Ghana
Hotel Exotic Tourism Nigeria
Ilips Holdings (Pty) Ltd Wholesale and retail South Africa
Impanga Ya Mambwe Lodge Limited Tourism Zambia
Infinity Communication Limited Communication Tanzania
Ivy Jewel 35 (Pty) Ltd Tourism South Africa
Janak Industries Limited Manufacturing Ghana
Jenesais Energy Ltd Wholesale and retail Nigeria
Jim Products Ltd Manufacturing Nigeria
JNC Helicopters Other industrial partnerships South Africa
Jobost Enterprise Communication Ghana
Johnbeng Company Ltd Manufacturing Ghana
JuJu Sync (Pty) Ltd Food and agribusiness South Africa
Julius A Brown t/a Transit Construction Manufacturing Ghana
Kaki Investments Limited Other industrial partnerships Uganda
Katon Manufacturers Manufacturing Uganda
Keab Company Ltd. Wholesale and retail Ghana
Kibe Mugai Holdings t/a Hotel Ravine Tourism Kenya
King Pie Wholesale and retail South Africa
Kingtox Sa Cc Other services South Africa
Kitenge Safi "K.S.F.L S.A.R.L" Wholesale and retail Rwanda
Kiwanga Trading Store Company Limited Other industrial partnerships Tanzania
Kizito Bruno Joseph Wholesale and retail Uganda
Kofmay Company Limited Other industrial partnerships Ghana
Konig Impression Limited Manufacturing Nigeria
Kula Plus Tourism Kenya
Laplace Technologies Communication Nigeria
Le Pichet Ltd. Tourism Rwanda
Linklaters Company Ltd Other industrial partnerships Ghana
Lububu Co. Limited Wholesale and retail Tanzania
Lugano Company Ltd. Wholesale and retail Tanzania
Luwada Management Services Ltd. Health Kenya
Mabut Company Manufacturing Tanzania
Madale Trucking Company Limited Other industrial partnerships Tanzania
Madame Sabrina Fashion Enterprises Wholesale and retail Tanzania
Madwabeng Paraffin Wholesale and retail South Africa
Magna International Transport Company Ltd Other services Ghana
Market Networks Other industrial partnerships Nigeria
Mas Logistics Kenya Limited Other industrial partnerships Kenya
Masachar Company Limited Wholesale and retail Ghana
Matthew Excavators Other services South Africa
Matthew-Shi Enterprise t/a Barcelos Rustenburg Wholesale and retail South Africa
Maverick Trading Wholesale and retail South Africa
Medilla Limited Manufacturing Uganda
Migoko African Dishes Ltd Tourism Kenya
Mike May Trading & Transport Ltd Other industrial partnerships Ghana
Mobile Zone Wholesale and retail Ghana
Monumental Concepts Other services Nigeria
Mt. Vernon Secondary School Maya Education Uganda
Mukantabana Elevanie t/a La Decouverte 1 Wholesale and retail Rwanda
Mukasa Gonzalve T/A BTG (Briqueterie Et Tuilerie De Gasabo) Manufacturing Rwanda
Mupenda Sylvestre t/a Motel Eldorado Tourism Rwanda
Nagina Funerals Other services South Africa
Naivera Complex Limited Tourism Tanzania
Nampet Ventures (Nig) Ltd Manufacturing Nigeria
Namsi Limited Wholesale and retail Kenya
Namulundu Medical Center Health Uganda
Nangoz Minerals (T) Limited Manufacturing Tanzania
Nanjala Company Ltd. Manufacturing Kenya
Nebious Trading Company Limited Financial services Zambia
Neema Robert Numvire T/A Aronex Enterprises Wholesale and retail Tanzania
Neo-Amadiva Ltd. Other services Kenya
New Hellen School Limited Education Tanzania
Notre Dame Education Kenya
Nsamba Trading Group Ltd Wholesale and retail Uganda
Nyanza Shopping Centre Ltd Wholesale and retail Tanzania
Ogudu Automotives Limited Financial services Ghana
Olibul Investment Limited Other industrial partnerships Zambia
Opel Cleaning Services Limited Other services Nigeria
Orestistar (Pty) Ltd T/A Circus Circus Midlands Mall Tourism South Africa
Palmy Enterprises Company Ltd Manufacturing Kenya
Peninsula Payroll Solutions (Pty) Ltd Other services South Africa
Pharmacie Alvarus (ALVAPHAR) LTD Health Rwanda
Praygod Company Other industrial partnerships Tanzania
Prickly Andy Trading t/a Raymens Supermarket Wholesale and retail South Africa
Priscus Investment Company Limited Wholesale and retail Tanzania
Procare Nursing Services Health South Africa
Pro-rec Structural CC Other industrial partnerships South Africa
Proredo Beleggings (Pty) Ltd Wholesale and retail South Africa
Quick Wholesalers (U) Ltd Wholesale and retail Uganda
RAJA Trading Ltd t/a Jacky shop Wholesale and retail Rwanda
Real Task Agencies Limited Wholesale and retail Uganda
Red Fins Ltd Wholesale and retail Ghana
Rich Fashion Trading Company Limited Wholesale and retail Tanzania
Rico Store Company Limited Food and agribusiness Tanzania
Risk Trans Insurance Brokers Financial services South Africa
Road Movers Limited Other industrial partnerships Nigeria
Robtina Enterprise Wholesale and retail Ghana
Rumanyika Jean-Marie Vianney t/a Hotel Okapi 2 Tourism Rwanda
Rwanda Dimension Technology (Rdtech) Wholesale and retail Rwanda
Rwanda Textiles Importers And Traders Ltd Wholesale and retail Rwanda
Sabadan Comp Ltd Wholesale and retail Ghana
Santa Flora Enterprise Wholesale and retail Ghana
SAS DENTAL CLINIC Financial services Ghana
SAWE Hotel Co. Limited (Screened as Lyakundi Investment Company Ltd) Tourism Tanzania
Segese Import & Export Limited Wholesale and retail Tanzania
Sekondi-Takoradi Pink Lady Ltd Wholesale and retail Ghana
Sheba Centre Limited Other services Nigeria
Shine Group Limited Wholesale and retail Uganda
Shoe Palace Ltd Wholesale and retail Kenya
Shughuru Investment ltd Other industrial partnerships Tanzania
Sidai Investmens Ltd Wholesale and retail Kenya
Sigma Coats Paints Ltd. Manufacturing Rwanda
Soimex Plastics SARL Manufacturing Rwanda
Solo Fashion Trading Co. Ltd Wholesale and retail Tanzania
Sompola Investment Company Limited Manufacturing Tanzania
Soti-Ci Company Ltd Wholesale and retail Ghana
Ssebaggala & Sons Electro Centre Ltd Wholesale and retail Uganda
St Michael Mixed Day and Boarding Primary School Financial services Uganda
Stewa Merchants Ltd. Wholesale and retail Kenya
Sunrise Design Graphics Limited Other industrial partnerships Uganda
Tara Ventures Limited Tourism Kenya
Targazest Pty (Ltd) T/A Rhapsody’s Bloemfontein Tourism South Africa
Testek Water Services Ltd Other industrial partnerships Kenya
THE GRAND GLOBAL HOTEL LIMITED Financial services Uganda
The Rustlane Limited Other services Nigeria
The Uniform Shop East Africa Ltd. Wholesale and retail Kenya
Tito General Stores Limited Manufacturing Tanzania
Tokyo Dome Wholesale and retail Ghana
Trust Impex S.a.r.l Wholesale and retail Rwanda
Tulimuahanga Etienne Other industrial partnerships Rwanda
Tulimumaganga Etienne t/a High Tech Wholesale and retail Rwanda
Tumaini Investments Limited Other industrial partnerships Uganda
Tyco City Investments Ltd Tourism Ghana
Tyrbats Nigeria Limited Other services Nigeria
Ubuzima Polyclinic Health Rwanda
Versatile auto service parts & accessories Wholesale and retail Kenya
Vida Antwi Company Wholesale and retail Ghana
Visible Science Wholesale and retail South Africa
Waamuzi Secondary School Education Tanzania
Wande Printing & Packaging Company Limited Manufacturing Tanzania
Wanim Enterprises Wholesale and retail Kenya
Wansta Flour Millers Manufacturing Kenya
Wargen Services Ltd. Other industrial partnerships Kenya
White Dove Hotel Limited Tourism Ghana
World of T-Shirts Wholesale and retail Uganda
Y & K Investments Limited Wholesale and retail Ghana
Yaayeb Company Limited Wholesale and retail Ghana
Yaw Boat Ltd Wholesale and retail Ghana
Zalonite (pty) Ltd t/a Circus Circus Cascades Tourism South Africa
Zam Zam Farm Limited t/a Smart Builders Point Wholesale and retail Tanzania
Zand Minerals (Pty) Ltd Other services South Africa
Zuka Group Ltd Other industrial partnerships Kenya
Concrete Plant solutions Financial services Rwanda
Joystar Bargain Traders Wholesale and retail Kenya
Kiruhura Dairy Project Limited Manufacturing Uganda
Memo Foods Ltd Wholesale and retail Ghana
Abdul Noor Lubega t/a Nanyondo Alijati Wholesale and retail Uganda
Allday EnerGI Foods CC Wholesale and retail South Africa
Angel Hospitality Services Tourism Nigeria
Atlantic Hotels Ltd Tourism Nigeria
AUGUSTIN SHEMA t/a Millennium Bakery Manufacturing Rwanda
AVCC Traders Ltd Wholesale and retail Tanzania
B Saunders cc. t/a Edenvale Suzuki Wholesale and retail South Africa
Basillica Trading 101 CC t/a The Nest Wholesale and retail South Africa
Bbumba Abbey Merchandise Ltd Wholesale and retail Uganda
Bencar Auto Services Wholesale and retail Nigeria
Bestever Paper industries Ltd Manufacturing Uganda
Bold Moves 747 (Pty) Ltd. t/a FastWay JHB Other industrial partnerships South Africa
Boston High School Education Uganda
BP Saratoga Wholesale and retail South Africa
Bungalow Restaurants Tourism Nigeria
Casabella International Ltd. Wholesale and retail Nigeria
Cesscolina Agencies Ltd Manufacturing Kenya
CIAR Management Institute Ltd Financial services Kenya
Clip_Cut Industries Ltd Manufacturing Kenya
Colors in Africa Manufacturing Nigeria
DFC Trading Ltd. Wholesale and retail Rwanda
Digitec Studio Ltd. Other services Rwanda
DMS Mining Supplies Other industrial partnerships South Africa
Egra Hardware Ltd Wholesale and retail Kenya
Follow Me Through Africa Tourism South Africa
Galaxy Traders & Transporters Other industrial partnerships Uganda
Gashora Green Hotel Ltd. Tourism Rwanda
Gaspoint Wholesale and retail Nigeria
Gaypat Limited Wholesale and retail Ghana
Genbiz Trading (Pty) Ltd Other industrial partnerships South Africa
Harasco S.A.R.L Wholesale and retail Rwanda
Health Plus Ltd. Wholesale and retail Nigeria
Henry Ssemugooma Kalyamaggwa Wholesale and retail Uganda
HHB Investments Ltd. Manufacturing South Africa
House of Mahogany Limited Wholesale and retail Nigeria
International Tanfeeds Company Limited Manufacturing Tanzania
Ithambeka Trading Other industrial partnerships South Africa
Jawai Enterprises Limited Other industrial partnerships Kenya
Kisco Suppliers Ltd Wholesale and retail Rwanda
La Gratitude Wholesale and retail South Africa
Luminax Limited Other industrial partnerships Kenya
Majaribu Trading company limited Other industrial partnerships Tanzania
Marketpro Investments 100 (Pty) Ltd TA Glenugie 1 Wholesale and retail South Africa
Matunda Investments Ltd t/a Citadel Maiden School Education Kenya
Milky Lane Galleria Tourism South Africa
Misty Blue Wholesale and retail South Africa
More Plastics Manufacturing South Africa
Movida Wholesale and retail South Africa
Mubende Parents’ School Ltd. Education Uganda
NAGYPRO 001 (Pty) Ltd t/aTrappers Wonderboom Junction Wholesale and retail South Africa
New Good Loaf Manufacturing Rwanda
Ogopa Traders CO. Limited Wholesale and retail Tanzania
Olympic Park Trading 97 t/a Escoffier Foods Wholesale and retail South Africa
Pick `N Pay Olympus (Ticanex (Pty) Ltd) Wholesale and retail South Africa
PIPI Supplier Ltd Wholesale and retail Rwanda
Potter’s Continental Suites Limited Tourism Nigeria
Price Club Worcester (Vw Adams Trading Cc T/A) Wholesale and retail South Africa
Rams Square Pharmacy Wholesale and retail South Africa
Ronheam International Company Ltd Wholesale and retail Tanzania
Royal Funerals Health South Africa
Ruring'u Milk Centre Ltd Manufacturing Kenya
Sani Kleen Other services South Africa
Sauti Transporters Company Other industrial partnerships Kenya
Selcsa (Pty) Ltd t/a Alfa Concrete Walls Manufacturing South Africa
Silverton Radiators Wholesale and retail South Africa
SK + AM Le Roux Landgoed (Pty) Ltd Food and agribusiness South Africa
Slopes Food Products Manufacturing Kenya
Sofa Logistics Limited Other industrial partnerships Nigeria
Sopa Supplies Ltd Food and agribusiness Kenya
Sultan Spices CC. Wholesale and retail South Africa
Tae Wool Limited Wholesale and retail Nigeria
Trevyun Investments Manufacturing South Africa
Universal Oil Marketing Company Limited Wholesale and retail Zambia
Uys Cage Manufacturing Manufacturing South Africa
Vaal Quarry Manufacturing South Africa
Vernon Hambrock CC t/a Vodashop The Reds Wholesale and retail South Africa

Norfund - The Norwegian Investment Fund for Developing Countries

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N-0160 Oslo