Investments in Kenya

Direct investment

Total commitment (MNOK) as of 31.03.2017: 1774.8 MNOK

Investment Sector Year Instrument Commitment
ASILIA (African Spirit Group Limited) Tourism 2013 Equity and loan 15% 7.6
Africa Health Fund (Aureos) Investment funds 2011 Fund 36% 23.8
Afrinord Hotel Investments Tourism 2005 Equity and loan 31% 13.1
Agri-Vie Food and agribusiness 2010 Fund 5% 2.6
Agri-Vie II Food and agribusiness 0 Fund 25% 32.1
Arise B.V. Banking 2016 Equity 35% 759.5
Ascent Rift Valley Fund Ltd Investment funds 2013 Fund 40% 34.0
Aureos Africa Fund Investment funds 2008 Fund 16% 20.9
Aureos East Africa Fund Investment funds 2003 Fund 100% 4.5
BPI East Africa LLC Investment funds 2015 Fund 45% 23.0
Basecamp Explorer Kenya Ltd Tourism 2010 Equity 100% 16.4
European Financing Partners SA Investment funds 2006 Equity and loan 22% 66.0
Fanisi Venture Capital Fund Investment funds 2009 Fund 59% 57.2
Fanisi Venture Management Company Investment funds 2009 Equity and loan 59% 1.8
Freight in Time Other industrial partnerships 2015 Equity and loan 67% 58.6
Globeleq Ltd Energy 2014 Equity 3% 59.7
GroFin Africa Fund Investment funds 2008 Fund 9% 5.5
GroFin SGB Fund Limited Partnership Investment funds 2015 Fund 17% 21.7
HFC Limited Banking 2014 Loan 100% 81.3
Interact Climate Change Facility Energy 2010 Equity and loan 9% 27.0
KLP Norfund Investments AS Investment funds 2013 Equity 36% 118.6
Kinangop Wind Park Limited Energy - wind 2013 Equity 100% 94.3
Lake Turkana Wind Power Limited Energy - wind 2013 Loan 100% 13.1
NMI Frontier Fund Microfinance 2008 Fund 40% 43.2
NMI Fund III Microfinance 2013 Fund 31% 57.0
NMI Global Fund Microfinance 2008 Fund 2% 1.6
Nordic Microfinance Initiative AS Microfinance 2008 Equity 26% 7.4
Norwegian Microfinance Initiative AS Microfinance 2008 Equity 30% 9.0
Novastar Ventures East Africa Fund Investment funds 2013 Fund 86% 67.3
Pure Power Ltd, Uni-Power Ltd, Young Power Ltd Energy - hydro 2011 Loan 100% 12.9
Real People Investment Holdings (Pty) Limited Financial services 2009 Equity and loan 3% 3.9
Vertical Agro (Sunripe & Serengeti Fresh) Food and agribusiness 2014 Equity 71% 31.7
Voxtra East Africa Agribusiness Ini Food and agribusiness 2011 Fund 10% 3.2

Indirect investment

Investment Sector Year Investor
16-KE-PRO-1013-LTWP Energy - wind Interact Climate Change Facility
AGRIFILMS KENYA LIMITED Financial services 2016 GroFin SGB Fund Limited Partnership
ALFA AUTO SPARES AND LUBRICANTS LIMITED Wholesale and retail 2016 GroFin SGB Fund Limited Partnership
Amaica, The Restaurant Tourism 2011 GroFin Africa Fund
Appleton Kindergarten and Montessori Sch Education 2016 BPI East Africa LLC
Asmara Entertainment Ltd Financial services 2016 GroFin SGB Fund Limited Partnership
Athi River Mining (ARM) Manufacturing 2010 Aureos Africa Fund
Athi River Steel Plant Ltd Manufacturing 2012 Aureos East Africa Fund
Autofine Ltd. Other services 2014 GroFin Africa Fund
Avenue Group Health 2011 Africa Health Fund (Aureos)
Bernard Otundo Manufacturing 2016 BPI East Africa LLC
Bestell Computers Ltd. Wholesale and retail 2010 GroFin Africa Fund
Botto Solar Manufacturing 2016 GroFin SGB Fund Limited Partnership
Botto Solar Ltd Energy - solar 2012 GroFin Africa Fund
Brookside Dairy Manufacturing 2009 Aureos Africa Fund
Building Construction Concepts Limited Manufacturing 2016 GroFin SGB Fund Limited Partnership
Centaurus Company Wholesale and retail 2013 GroFin Africa Fund
Cesscolina East Africa Ltd Manufacturing 2015 GroFin SGB Fund Limited Partnership
Clover Foods (K) Ltd. Wholesale and retail 2010 GroFin Africa Fund
Coop Bank (74-KE-DEG-0612) Banking European Financing Partners SA
Danne Suppliers Company Ltd Wholesale and retail 2016 GroFin SGB Fund Limited Partnership
Deacons Wholesale and retail 2006 Aureos East Africa Fund
Dohashe Enterprises Wholesale and retail 2013 GroFin Africa Fund
Electro Watts Ltd Other services 2014 GroFin Africa Fund
Equator Apparels Limited Manufacturing 2016 BPI East Africa LLC
Equittel Limited Manufacturing 2014 GroFin SGB Fund Limited Partnership
European Foods Limited Wholesale and retail Fanisi Venture Capital Fund
Forefront Opticians Financial services 2015 GroFin SGB Fund Limited Partnership
Fortune House LimIted Wholesale and retail 2016 BPI East Africa LLC
GAEA Foods Manufacturing 2015 GroFin SGB Fund Limited Partnership
Ground Water Abstraction Kenya Outreach (Gwako) Other industrial partnerships 2012 GroFin Africa Fund
Haltons Limited Wholesale and retail 2013 Fanisi Venture Capital Fund
Healthlink Management Ltd (NWH) Health 2011 Africa Health Fund (Aureos)
Hillcrest International Schools Education 2011 Fanisi Venture Capital Fund
ISO Health Health Africa Health Fund (Aureos)
JUMBO AGROVET Manufacturing 2016 GroFin SGB Fund Limited Partnership
Jampur Agencies Wholesale and retail 2015 GroFin SGB Fund Limited Partnership
Joystar Bargain Traders Wholesale and retail 2015 GroFin SGB Fund Limited Partnership
Kariki Food and agribusiness Agri-Vie
Kibe Mugai Holdings t/a Hotel Ravine Tourism 2009 GroFin Africa Fund
Komaza Group FPC Food and agribusiness Novastar Ventures East Africa Fund
Kula Plus Tourism 2012 GroFin Africa Fund
Lake Turkana Wind Power Limited Energy - wind 2013 KLP Norfund Investments AS
Live Ad Limited Other services Fanisi Venture Capital Fund
Luwada Management Services Ltd. Health 2012 GroFin Africa Fund
Mambo Interiors Ltd Manufacturing 2014 GroFin SGB Fund Limited Partnership
Mas Logistics Kenya Limited Other industrial partnerships 2011 GroFin Africa Fund
Mfarm Other services Novastar Ventures East Africa Fund
Migoko African Dishes Ltd Tourism 2012 GroFin Africa Fund
Mobile Web (Mauritius) Ltd. Communication Novastar Ventures East Africa Fund
Namsi Limited Wholesale and retail 2009 GroFin Africa Fund
Nanjala Company Ltd. Manufacturing 2011 GroFin Africa Fund
Nanjala Limited Financial services 2015 GroFin SGB Fund Limited Partnership
Neo-Amadiva Ltd. Other services 2014 GroFin Africa Fund
New Globe Schools (Bridge International Academies) Education Novastar Ventures East Africa Fund
Ngare Narok Food and agribusiness Fanisi Venture Capital Fund
Notre Dame Education 2011 GroFin Africa Fund
Olkaria III (12-KE-DEG-0405) Energy European Financing Partners SA
Palmy Enterprises Company Ltd Manufacturing 2014 GroFin Africa Fund
Penda Health Health Novastar Ventures East Africa Fund
Phyma Fresh Produce Ltd Wholesale and retail 2015 GroFin SGB Fund Limited Partnership
Poa International Ltd Communication Novastar Ventures East Africa Fund
Porini Tourism 2006 Aureos East Africa Fund
Prodigy Healthcare Wholesale and retail 2015 GroFin SGB Fund Limited Partnership
Revital Healthcare Health 2011 Africa Health Fund (Aureos)
Royale Chrysto Events (E.A) Limited Financial services 2016 GroFin SGB Fund Limited Partnership
Rudufu Limited Wholesale and retail 2016 BPI East Africa LLC
Samali Electricals Ltd Wholesale and retail 2016 GroFin SGB Fund Limited Partnership
Sanergy Energy - bio Novastar Ventures East Africa Fund
Scatec Rumuturi PDF Energy - solar 2015 KLP Norfund Investments AS
Seven Seas Communication 2008 Aureos Africa Fund
Shoe Palace Ltd Wholesale and retail 2012 GroFin Africa Fund
Show Pack Limited Manufacturing 2016 BPI East Africa LLC
Sidai Investmens Ltd Wholesale and retail 2013 GroFin Africa Fund
Soko Inc. Other services Novastar Ventures East Africa Fund
SolarNow Energy - solar Novastar Ventures East Africa Fund
Sphinx Pharmaceuticals Limited Manufacturing 2016 BPI East Africa LLC
SpringHIll Sanergy Investors LLC Health Novastar Ventures East Africa Fund
Springhill Cookstoves (Paradigm) Manufacturing Novastar Ventures East Africa Fund
St Maria Montessori School Limited Education 2016 BPI East Africa LLC
Starbright Services Limited Financial services 2016 BPI East Africa LLC
Stewa Merchants Ltd. Wholesale and retail 2009 GroFin Africa Fund
Stratus Imaging Solutions Ltd Other services 2016 GroFin SGB Fund Limited Partnership
Tara Ventures Limited Tourism 2012 GroFin Africa Fund
Testek Water Services Ltd Other industrial partnerships 2011 GroFin Africa Fund
The Uniform Shop East Africa Ltd. Wholesale and retail 2012 GroFin Africa Fund
Tsavo Power Energy - HFO Globeleq Ltd
United Farmers and Processors Manufacturing 2015 GroFin SGB Fund Limited Partnership
Versatile auto service parts & accessories Wholesale and retail 2016 GroFin SGB Fund Limited Partnership
Versatile auto service parts & accessories Wholesale and retail 2016 GroFin Africa Fund
Walgreen Pharmacy Ltd Other services 2016 GroFin SGB Fund Limited Partnership
Wanim Enterprises Wholesale and retail 2011 GroFin Africa Fund
Wansta Flour Millers Manufacturing 2011 GroFin Africa Fund
Wargen Services Ltd. Other industrial partnerships 2011 GroFin Africa Fund
Western Seed Food and agribusiness Voxtra East Africa Agribusiness Ini
Zuka Group Ltd Other industrial partnerships 2012 GroFin Africa Fund

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo