Investments in Rwanda

Direct investment

Total commitment (MNOK) as of 31.03.2017: 150.7 MNOK

Investment Sector Year Instrument Commitment
Arise B.V. Banking 2016 Equity 1% 21.7
BPI East Africa LLC Investment funds 2015 Fund 25% 12.8
Fanisi Venture Capital Fund Investment funds 2009 Fund 24% 23.3
Fanisi Venture Management Company Investment funds 2009 Equity and loan 24% 0.7
Freight in Time Other industrial partnerships 2015 Equity and loan 4% 3.5
Gigawatt Global Rwanda Ltd Energy - solar 2014 Equity and loan 100% 39.9
GroFin Africa Fund Investment funds 2008 Fund 11% 6.7
GroFin SGB Fund Limited Partnership Investment funds 2015 Fund 13% 16.6
KLP Norfund Investments AS Investment funds 2013 Equity 2% 6.6
TPS Rwanda Tourism 2010 Equity 100% 12.5
Voxtra East Africa Agribusiness Ini Food and agribusiness 2011 Fund 20% 6.3

Indirect investment

Investment Sector Year Investor
4 Hi 3 Mu import & export Ltd Wholesale and retail 2016 GroFin SGB Fund Limited Partnership
Addax Petroleum Ltd Wholesale and retail 2015 GroFin SGB Fund Limited Partnership
African Business Ltd Wholesale and retail GroFin Africa Fund
Africana Guest House Ltd Manufacturing GroFin Africa Fund
Agruni Limited Manufacturing 2012 BPI East Africa LLC
Alicomec Manufacturing 2012 BPI East Africa LLC
Atlas Windows Co Ltd Manufacturing 2012 BPI East Africa LLC
Banco Populaire Rwanda (BPR) Banking Arise B.V.
Barrow Education Consult Ltd Education 2016 BPI East Africa LLC
Berly Trading Company Ltd Wholesale and retail 2013 GroFin Africa Fund
Black Bull mining Ltd Other industrial partnerships 2014 GroFin Africa Fund
Building Equipment and Material Supply Manufacturing 2014 BPI East Africa LLC
Camel Travel & Tours Agency Ltd Tourism 2014 GroFin Africa Fund
Coadibu Limited Manufacturing 2013 BPI East Africa LLC
Concrete Plant solutions Financial services 2015 GroFin Africa Fund
Concrete Plant solutions Financial services 2015 GroFin SGB Fund Limited Partnership
EDECON Consultants Ltd Financial services 2016 GroFin SGB Fund Limited Partnership
ETS FURAHA EUGENE Wholesale and retail 2016 GroFin SGB Fund Limited Partnership
Eastern Palace Motel Tourism GroFin Africa Fund
Etablissement G.J Ltd Wholesale and retail GroFin Africa Fund
FANTASTIC INVESTMENT GROUP LTD Wholesale and retail 2016 GroFin SGB Fund Limited Partnership
Gigawatt Global Rwanda Ltd Energy - solar 2014 KLP Norfund Investments AS
Good Foundation Nursery and Primary School Education GroFin Africa Fund
Highlands school Ltd Financial services 2015 GroFin SGB Fund Limited Partnership
ISIMBI FARM LTD Wholesale and retail 2016 GroFin SGB Fund Limited Partnership
Immy Kamarade Numutako Financial services 2013 BPI East Africa LLC
Imprimerie AZ Media Plus Manufacturing 2013 BPI East Africa LLC
Imprimerie Papeterie Moderne Limited Wholesale and retail 2013 BPI East Africa LLC
Jeanne d'Arc Uwingabiye and Jean Claude Financial services 2014 BPI East Africa LLC
Kitenge Safi "K.S.F.L S.A.R.L" Wholesale and retail GroFin Africa Fund
Le Pichet Ltd. Tourism GroFin Africa Fund
M.Line Petro Station Ltd Wholesale and retail 2015 GroFin SGB Fund Limited Partnership
Masaka Farm Limited Wholesale and retail 2013 BPI East Africa LLC
Mukantabana Elevanie t/a La Decouverte 1 Wholesale and retail GroFin Africa Fund
Mukasa Gonzalve T/A BTG (Briqueterie Et Tuilerie De Gasabo) Manufacturing GroFin Africa Fund
Mupenda Sylvestre t/a Motel Eldorado Tourism GroFin Africa Fund
Musenga Properties Limited Financial services 2014 BPI East Africa LLC
Ngwama Properties Limited Other industrial partnerships 2013 BPI East Africa LLC
Papyrus Co. Ltd Manufacturing 2013 BPI East Africa LLC
Payless Services and Interior Designing Financial services 2013 BPI East Africa LLC
Pharmacie Alvarus (ALVAPHAR) LTD Health GroFin Africa Fund
Prime Auto Care Garage Ltd Financial services 2013 BPI East Africa LLC
ProDev Group Holding Limited Food and agribusiness 2013 Fanisi Venture Capital Fund
Promota Creations Limited Manufacturing 2012 BPI East Africa LLC
RAJA Trading Ltd t/a Jacky shop Wholesale and retail GroFin Africa Fund
RGL Security Company Financial services 2015 GroFin SGB Fund Limited Partnership
RWANDA TEXTILE IMPORTERS AND TRADERS LTD Wholesale and retail 2016 GroFin SGB Fund Limited Partnership
Raja Trading Ltd Financial services 2015 GroFin SGB Fund Limited Partnership
Rudasingwa Musiime Eugene Financial services 2015 BPI East Africa LLC
Rumanyika Jean-Marie Vianney t/a Hotel Okapi 2 Tourism GroFin Africa Fund
Rwanda Building And Construction Company Ltd Other industrial partnerships 2014 GroFin SGB Fund Limited Partnership
Rwanda Dimension Technology (Rdtech) Wholesale and retail GroFin Africa Fund
Rwanda Textiles Importers And Traders Ltd Wholesale and retail 2014 GroFin Africa Fund
Sebunyana Geoffrey Financial services 2015 BPI East Africa LLC
Security Company Against Robbery (SCAR) Financial services 2014 BPI East Africa LLC
Sigma Coats Paints Ltd. Manufacturing GroFin Africa Fund
Soft Group Company Limited Manufacturing 2012 BPI East Africa LLC
Soimex Plastics SARL Manufacturing GroFin Africa Fund
Sophar Health Fanisi Venture Capital Fund
Touch Media Design Limited Financial services 2016 BPI East Africa LLC
Treasure Company Limited Financial services 2012 BPI East Africa LLC
Trust Impex S.a.r.l Wholesale and retail GroFin Africa Fund
Tulimuahanga Etienne Other industrial partnerships GroFin Africa Fund
Tulimumaganga Etienne t/a High Tech Wholesale and retail GroFin Africa Fund
Ubuzima Polyclinic Health GroFin Africa Fund
Ukam Properties Ltd Other industrial partnerships 2016 BPI East Africa LLC
Zebra Country Tours Financial services 2012 BPI East Africa LLC

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo