Investments in Zambia

Direct investment

Total commitment (MNOK) as of 31.03.2017: 672.5 MNOK

Investment Sector Year Instrument Commitment
Africa Health Fund (Aureos) Investment funds 2011 Fund 1% 0.7
African Century Foods Ltd. Food and agribusiness 2013 Equity 20% 20.1
Agrivision Food and agribusiness 2012 Equity 100% 161.6
Alios Finance Zambia Financial services 2013 Loan 100% 21.4
Arise B.V. Banking 2016 Equity 11% 238.7
Aureos Southern Africa Fund Investment funds 2003 Fund 50% 14.0
European Financing Partners SA Investment funds 2006 Equity and loan 4% 12.0
Focus Financial Services Limited Financial services 2014 Loan 100% 44.2
GroFin Africa Fund Investment funds 2008 Fund 2% 1.2
GroFin SGB Fund Limited Partnership Investment funds 2015 Fund 12% 15.3
NMI Global Fund Microfinance 2008 Fund 1% 0.8
Norsad Financial services 2011 Equity 18% 10.2
SN Power AS Energy - hydro 2013 Equity and loan 5% 132.2

Indirect investment

Investment Sector Year Investor
Base Property Develpopers Limited Financial services 2016 GroFin SGB Fund Limited Partnership
Bestlay Country Egg Limited Financial services 2016 GroFin SGB Fund Limited Partnership
Enigma Petroleum Limited Other industrial partnerships GroFin Africa Fund
Grill Master Meat Supplies Ltd Manufacturing 2015 GroFin SGB Fund Limited Partnership
Impanga Ya Mambwe Lodge Limited Tourism 2014 GroFin Africa Fund
Jasp Clearing And Forwarding Limited Wholesale and retail 2015 GroFin SGB Fund Limited Partnership
Jasp Clearing And Forwarding Limited- Add Funding Wholesale and retail 2015 GroFin SGB Fund Limited Partnership
Lilume Quarry Zambia Limited Manufacturing 2016 GroFin SGB Fund Limited Partnership
Lokambe Energy Solutions Limited Wholesale and retail 2014 GroFin SGB Fund Limited Partnership
Lunsemfwa Hydro Power Co. Ltd Energy Agua Imara
Lunsemfwa Hydro Power Co. Ltd Energy SN Power AS
Lusaka Trust Hospital Limited Health Africa Health Fund (Aureos)
Muchinga Power Company Ltd Energy SN Power AS
Muchinga Power Company Ltd Energy Agua Imara
Nebious Trading Financial services 2015 GroFin SGB Fund Limited Partnership
Nebious Trading Company Limited Financial services 2014 GroFin Africa Fund
Olibul Investment Limited Other industrial partnerships 2014 GroFin Africa Fund
Scaw Other industrial partnerships 2007 Aureos Southern Africa Fund
Universal Oil Marketing Co Ltd Financial services 2015 GroFin SGB Fund Limited Partnership
Versus Master Painters and Coatings Ltd Manufacturing 2015 GroFin SGB Fund Limited Partnership
Wankoes Investestment Ltd Financial services 2015 GroFin SGB Fund Limited Partnership
Wanzana Processing Ltd Manufacturing 2015 GroFin SGB Fund Limited Partnership
Zambeef (46-ZM-DEG-1208) Manufacturing European Financing Partners SA
Zanaco #N/A Arise B.V.

Norfund - The Norwegian Investment Fund for Developing Countries

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N-0160 Oslo