a winning formula

Funds and Investors

GroFin Africa Fund
Date established                     August 2008
Fund size US$170,000,000
Fund investors AfDB, CDC, IFC, FMO, Norfund, EIB, FISEA, Shell Foundation, 
GroFin Investment Holdings
Countries of investment Nigeria, Ghana, Rwanda, Kenya, Tanzania, Uganda, South Africa

Aspire Nigeria Fund
Date established               April 2007
Fund size US$30,600,000
Fund investors Diamond Bank, Shell, GroFin Investment Holdings
Country of investment Nigeria

Intilaqaah Enterprise Fund
Date established    February 2007   
Fund size         US$17,000,000
Fund investors Shell
Country of investment Oman

GroFin East Africa Fund
Date established                    January 2006 (fully invested)
Fund size US$25,000,000
Fund investors CDC, FMO, TREDF, BIO, Shell Foundation, GroFin Investment Holdings, Skoll Foundation, Syngenta Foundation, Deutsche Bank, Finnfund, Sifem
Country of investment Kenya, Tanzania, Rwanda, Uganda

Bank Co-Investment East Africa
Date established               January 2006 (fully invested)
Fund size US$18,000,000
Co-investors CBA Bank, Bank of Africa, BCR, DFCU Bank
Country of investment Kenya, Tanzania, Rwanda, Uganda

Empowerment Through Energy Fund
Date established January 2004 (fully invested)
Fund size US$7,000,000
Fund investors ABSA, IDC, Shell Foundation, GroFin
Country of investment  South Africa 

Client success story