Portfolio

Investment
Portfolio

We have invested circa USD 400 million into 140+ companies in 12 countries in the Southern Africa region. Our current investment portfolio consisting of 25 companies is diversified by country and sector.

We are focused on providing solutions that enable our clients to grow sustainable companies through alignment with the investee companies and working in partnership to strengthen corporate governance.

Our portfolio is broadly categorised into financial institutions and direct investments.

We believe financial accessibility and inclusion is key in unlocking entrepreneurial growth on the African continent and we target investments into financial institutions capable of providing credit to the bottom of the pyramid and the missing middle.

Our direct investments are informed by the environmental, social and developmental needs of the region and alignment to the Sustainable Development Goals (SDGs).

Our portfolio showcases our work in alignment with our impact agenda across the region.

Select
Investments

Country – Zambia
Sector – Hospitality
Year – 2015
Value – USD5 million

Country – Zimbabwe
Sector – Energy (Hydro)
Year – 2016
Value – USD3.5 million

Country – Angola/Namibia
Sector – Consumer Staples
Year – 2017
Value – USD 4.5 million

Country – Angola
Sector – Finance
Year – 2017
Value – USD10 million

Country – Zimbabwe
Sector – Energy (Solar)
Year – 2017
Value – USD2 million

Country – Malawi
Sector – Hospitality
Year – 2017
Value – USD3.5 million

Country – Zambia
Sector – Consumer Staples
Year – 2018
Value – USD5 million

Country – Eswatini
Sector – Finance
Year – 2018
Value – ZAR100 million

Country – Mauritius
Sector – Finance
Year – 2018
Value – USD5 million

Country – South Africa
Sector – Specialty Retail
Year – 2019
Value – ZAR 45 million

Country – Mauritius
Sector – Diversified Financial Services
Year – 2019
Value – USD7.5 million

Country – South Africa
Sector – Banks
Year – 2019
Value – ZAR150 million

// FEATURED PROJECT
HYDRO ELECTRIC POWER SCHEME

Nyangani Renewable Energy

Norsad Finance funded a 3.75MW hydroelectric power scheme in Zimbabwe’s Honde Valley being developed by Nyangani Renewable Energy (Pty) Ltd (NRE). NRE is an independent power producer operating in Zimbabwe.

It started in 2010 with the completion of a small 1.1MW hydro scheme and by early 2015 had built three further schemes.

Norsad Finance provided project finance for the Pungwe C scheme, the fifth one to be built, and it has enabled NRE to bring its total installed capacity to 25MW, which is 2% of Zimbabwe’s total installed generation capacity.

Pungwe C is a run of river scheme on the Chiteme river, a tributary of the head waters of the Pungwe River which flows off the Nyangani Massif. The scheme involves the building of an off-take weir to divert up to 2,500 litres per second of river flow into a 1.2 metre diameter steel pipe. This pipe, also known as the penstock, transports the water over a distance of 2,750 metres and a vertical drop of 190 metres. It discharges into the power station which houses a Gilkes turgo-impulse turbine & generator which converts the energy of the flowing water into an electrical current. The used water is then immediately returned into the river and the electricity is dispatched into the Zimbabwe national grid. NRE sells all the electricity it produces to the Zimbabwe Electricity Transmission and Distribution Company Ltd.

The project was constructed over 2015 and commissioned in early 2016. Over the whole year it will deliver 9,554 MWh which is enough to power 10,000 homes, and taken together with the output of the other 4 power stations built by NRE, enough electricity is produced to power 85,000 households across eastern Zimbabwe.

The Chiteme river flows from the Rhodes Nyanga national park through communal land which is home to a productive farming community. The conservation of the natural environment and the watershed is very important for both the local farmers and for the long term success of the hydroelectric power schemes. The project was designed to minimise any environmental impact and was compliant with the IFC’s Equator principles.

NRE has a commitment to ensure that the local community can and do benefit from the new electricity. It has provided funding for the electrification of the schools in the local district and over the last two years 20 schools have been wired up to the grid for the first time and are benefiting over 11,000 primary and secondary school students.

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