GroFin Africa Fund

  • Region: Africa
  • Country: Regional
  • Sector: Investment funds
  • Year: 2008
  • Domicile: Mauritius
  • Instrument: Fund
  • Commitment (MNOK) as of 31.12.2016: 62.0
  • Original Commitment (MNOK): 95.5

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.

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo