CDC Launches Ethiopia Private Equity Fund (Sub-Saharan Africa)

Source: CDC Group

CDC, the U.K.’s development finance institution, has announced a cornerstone investment of US$15 million in the Schulze Global Ethiopia Growth and Transformation Fund I. The fund has a target of US$100 million and will seek to invest between US$1 million and US$10 million per transaction in small- and mid-size Ethiopian companies operating in a range of sectors. The fund will be managed by Schulze Global Investments, which invests in emerging markets worldwide and has had a presence in Ethiopia since 2008.