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 Case Study: Ethiopia

By Laura Davis | Mon Jun 18 2012
Since 2005, members of the RENEW team have been exploring opportunities in Ethiopia. Anticipating the country’s growth, RENEW spent years building relationships with local partners and members of the Diaspora, learning the business environment, and witnessing the impressive growth across Addis and other cities throughout Ethiopia.
In 2012, RENEW formalized our presence in what many believe to be one of the fastest growing economies in the world. In February, RENEW opened our East Africa office in Addis. In addition to navigating the formal registration process, our team has begun to develop a quality pipeline of investment opportunities, and we are currently closing our first investments.
We have a strong network of local technical assistance (TA) partners, development organizations, and professional firms including lawyers, accountants and consultants that share our vision to establish an angel investment market in Ethiopia. We have begun organizing a number of investors throughout the U.S. and Europe, and our investment activity will increase over the next two years.
Renew Capital is an Africa-focused impact investment firm that backs innovative companies with high-growth potential. Renew Capital manages investments made on behalf of the Renew Capital Angels, a global network of angel investors, foundations and family offices who seek financial returns and sustainable social impact. For the latest on investing in Africa, subscribe and follow us at our social links below.

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