The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new $100 million Cepheus Growth Capital Fund, the Bank said. “The European Investment Bank is committed to fostering private sector investment across Africa. Our first support for private equity in Ethiopia, through the Cepheus Capital Growth Fund, will help leading local companies to expand and succeed. “Private equity investment will strengthen the growth of leading companies in Ethiopia and create new jobs across the country. Over the last five years the European Investment Bank has provided more than EUR 10.1 billion for investment across Africa.

Source: News Business Ethiopia October 12, 2017 18:11 UTC