DEG Invests into Ethiopia-focused Fund (Sub-Saharan Africa)

Source: DEG

German development finance institution DEG has committed US$10 million to an Ethiopia-focused private equity fund managed by pan-emerging markets private equity investor Schulze Global. The Schulze Global Ethiopia Growth and Transformation Fund I is targeting US$100 million in commitments and seeks to invest in small- and medium-sized enterprises in a range of sectors including agro-processing, industrials and manufacturing.