A new fund attests to the country’s allure—and to the value of connections
May 12th 2012 | ADDIS ABABA |From the print edition Tweet..
LONG benighted, Ethiopia is attracting attention for a better reason. It has become Africa's fastest-growing non-energy economy (see chart). Investors have noticed. South Africa's largest consumer-foods firm, Tiger Brands, expanded into Ethiopia last year with a big acquisition. Diageo and Heineken recently paid nearly $400m combined to acquire state breweries in the country.
The latest proof came on May 9th, when Schulze Global Investments, an American investment firm and family office, announced that it had launched a $100m Ethiopia fund, the first private-equity fund focused exclusively on the country. Anchored by at least $15m from Britain's CDC, a government-owned provider of development finance, and $10m of the family's own money, the fund will invest in sectors from agribusiness and cement to health care and natural resources. Best Business Ideas in Ethiopia Construction and Real Estate
Construction and Real Estate is becoming the best sector for investment in Ethiopia. Posh Apartments, Luxury Condos, houses with one or more stories and Villas are filling the landscape of the outskirts of Addis Ababa.
But still there is an increased demand for short or long term residence, office buildings, properties such as warehouses, etc. Addis Ababa is a city with many diplomatic missions, International and regional organizations such as UN, AU, EGAD, NGO’s and their different offices.
For Ethiopians living abroad, it is time for you to seize the opportunities in Construction and Real Estate sector and build or buy a property. The Ethiopian Diaspora has so far invested more than USD 1 Billion in Ethiopia.