Norfund

CrossBoundary is a New York-based investment advisory firm established in 2011, specializing in frontier markets. It offers services such as capital raising, strategic advisory, due diligence, and market assessment to a diverse range of clients, including governments, development finance institutions, and private equity firms. In 2014, the firm founded CrossBoundary Energy, an investment firm based in Nairobi, Kenya, focusing on infrastructure investments, particularly solar power for African businesses. CrossBoundary Energy provides financing for distributed solar projects ranging from 100kW to 10MW, aiming to facilitate the transition from diesel to renewable energy generation.

Bayport Financial Services Zambia is a micro-finance institution in Zambia.

Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, provides a range of retail, corporate, and investment banking services across Africa and internationally. Its operations include Corporate & Investment Banking, Commercial Banking, and Consumer Banking, offering products such as current and savings accounts, loans, cards, and digital banking services. The bank serves a diverse clientele, including individuals, small and medium enterprises, multinationals, government agencies, and non-governmental organizations. With a network of 888 branches and over 2,460 ATMs, Ecobank facilitates various financial services, including treasury, cash management, remittance, and bancassurance. Subsidiaries such as Ecobank Nigeria Limited and Ecobank Zimbabwe Limited extend its services, focusing on commercial and retail banking tailored to local markets.

CrossBoundary is a New York-based investment advisory firm established in 2011, specializing in frontier markets. It offers services such as capital raising, strategic advisory, due diligence, and market assessment to a diverse range of clients, including governments, development finance institutions, and private equity firms. In 2014, the firm founded CrossBoundary Energy, an investment firm based in Nairobi, Kenya, focusing on infrastructure investments, particularly solar power for African businesses. CrossBoundary Energy provides financing for distributed solar projects ranging from 100kW to 10MW, aiming to facilitate the transition from diesel to renewable energy generation.

Brighter Life Kenya 1 Limited (BLK1), an indirect subsidiary of AFC incorporated in Jersey, was incorporated to acquire pay-as-you-go solar home system accounts receivables from d.light Limited (d.light Kenya), providing d.light Kenya with flexible working capital to finance its continued growth.

Verde Beef Processing PLC is a beef production company located in Adami Tulu, Ethiopia, established in 2014. The company operates a feedlot on a 1,300-hectare farm, specializing in cattle farming and industrial livestock production. Verde Beef is involved in the processing of raw beef and exports its products to markets in the Middle East, Africa, and Asia, offering premium quality Ethiopian beef. Led by experienced agribusiness managers, Verde Beef aims to enhance the local agribusiness landscape while meeting international demand for high-quality beef products.

Freight in Time Limited is a logistics company based in Nairobi, Kenya, specializing in integrated freight and supply chain solutions across East Africa, including South Sudan, Ethiopia, and Djibouti. Established in 1998, the company offers a range of services, including sea freight, air freight, project cargo, express and courier services, as well as warehousing and distribution. Its operational footprint extends across key sectors such as perishables, pharmaceuticals, telecommunications, humanitarian relief, and oil and gas. Freight in Time provides both regional cross-border air and road freight services, along with full truckload and less than container load solutions, ensuring comprehensive support for its clients' logistical needs at major ports, airports, and border points throughout the region.

Vertical Agro Limited is an independent grower, processor, exporter, and marketer of fresh and frozen vegetables and fruits, operating from a state-of-the-art processing facility in Naivasha, Kenya. The company is recognized as a leading producer of high-quality fresh and frozen vegetables, adhering to stringent food safety and quality standards throughout its operations. Vertical Agro is committed to ensuring that customers have access to premium farm produce, leveraging its expertise in agricultural practices and processing techniques to deliver exceptional products to the market.

African Century is a private equity firm established in 2008 and located in Grand Baie, Mauritius. The firm focuses on investments in various sectors, including food, financial services, real estate, and agriculture. Additionally, African Century Infrastructure Services, a subsidiary, specializes in leasing equipment to support the oil and gas industry in Tanzania and Mozambique. This division provides large-scale machinery and equipment, such as forklifts and portable heavy-duty cranes, to facilitate industrial development in these regions.

DFCU Bank, established in 1964 and headquartered in Kampala, Uganda, offers a range of commercial banking products and services. The bank provides savings and investment accounts, personal and corporate credit, trade finance, and foreign exchange services. It also facilitates medium and long-term financing for various sectors, including agriculture, education, health, manufacturing, transport, hospitality, tourism, and construction. DFCU Bank actively promotes small and medium enterprises and supports women in business through its tailored financial solutions. With a network of 63 branches and 100 ATMs, the bank ensures accessible banking through internet and mobile platforms, allowing customers to manage their finances conveniently and securely. As a subsidiary of Arise B.V., DFCU Bank has played a significant role in Uganda's economic development.

Family Bank is a commercial bank established in Kenya in May 2007 and regulated by the Central Bank of Kenya. With a customer base exceeding 1.7 million, the bank operates a network of 93 branches across the country. It specializes in providing financial services to underserved segments of the market, including small-scale farmers, salaried employees, micro, small, and medium-sized enterprises, as well as youth and women. Additionally, Family Bank seeks to attract large corporate clients to bolster its deposit base. Notably, it was the first bank in Kenya to implement paperless banking through smart card technology, showcasing its commitment to innovation in the financial sector.

Agrica Limited, established in September 2005, focuses on developing sustainable agribusinesses in East Africa to address pressing food security challenges. The company aims to enhance local food production and reduce reliance on imports by creating a portfolio of model commercial farms that incorporate innovative smallholder schemes. These initiatives are designed to foster thriving local communities and contribute to national food security. Agrica employs advanced agricultural techniques to produce high-quality grains and vegetable oil, ultimately supporting the growth of internal markets and promoting sustainable agricultural practices in the region.

Green Resources AS is a Norwegian company specializing in afforestation and wood processing in East Africa. Established in 1995, it operates plantations spanning over 40,000 hectares across Mozambique, Tanzania, and Uganda, producing timber for various markets including the Middle East and global hardwood sectors. The company manufactures sawn timber, electricity poles, charcoal, and other wood products, utilizing waste wood for power generation. It also engages in carbon offset projects, developing emission reduction initiatives and trading high-quality CERs and VERs. Green Resources' operations include East Africa's largest sawmill in Tanzania, along with charcoal plants and pole treatment facilities across the three countries it operates in.