New Business Ethiopia

Though the Government of Ethiopia is likely to continue its developmental state model, the country is signaling tactic shifts which includes from public to private activities, from capital to current spending, and from debt to equity, a new report reveals.

The Board of Directors of the African Development Bank has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3).

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.