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Following Along with Travel Ethiopia

By Laura Davis | Wed Feb 05 2020
You may have noticed that we at RENEW often share proudly when we close an investment, but we don't always do a good job of sharing stories that allow you to follow along with the incredible entrepreneurs we partner with. Today, we’d like to give you a closer look into Travel Ethiopia.
Samrawit Moges graduated from The Exec's Program and, in late 2019, received an investment from the Impact Angel Network. The investment helped her company, Travel Ethiopia, enhance its corporate governance and will allow her company to bring on a professional to improve its back and front office systems in order to become a top tour company in Ethiopia. Samrawit graduated from Addis Ababa University in 1983 where she studied journalism. After graduating, she entered a compulsory lottery to draw the institution she would be working for. She ended up drawing the national tour operator.
Image Source: Love Everything Travel: Interview with Samrawit Moges | Travel Entrepreneur in Ethiopia
In 1994, she and her husband founded Travel Ethiopia using personal savings as start-up funding. At the time, they hired five people, and now she employs 41, of which 40% are women. In 2019, Samrawit lost her husband, and is now continuing forward with the company they founded. Determined to leave a legacy, Samrawit is passionate about exposing predatorial tour companies that cater to prostitution in Ethiopia. She is proud to be the first company to hire and train female tour guides.
Read more about the investment from the IAN, and check back soon for more photos of Samrawit along with more information about how our Accelerating Business Growth program with Global Affairs Canada and The Exec's Program she participated in are impacting her business.
Learn more about Samrawit in the following interviews:
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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