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RENEW in 2013

By Matthew Davis, CFA | Thu Jan 02 2014
In almost all regards, 2013 was a banner year for RENEW. We facilitated several investments into amazing companies in Ethiopia (see Portfolio), secured great partnerships with the development community, and helped mobilize more than $3 million into our portfolio companies.
As for impact, we created more than 20 full time jobs, some 30 part time jobs, supported 190* people, and helped mobilize $39 million** in the local economy.
We provided more than five trainings on the basics of private equity, and met with more than 100 local companies.
RENEW also hired three amazing staff members (see Team) and had three exceptional fellows participate in our RENEW Fellows Program.
2013 was not without its challenges. We learned a lot about doing business in Ethiopia: I personally made some classic “western” blunders with regard to managing my team and negotiating terms with our portfolio companies (thank you all, for your grace, patience and wonderful advice). Nonetheless, we learned a lot from these challenges, and we are excited about what 2014 will bring!
*Using the 9x job creation multiplier. **Using the 13x SEAF multiplier.
Contact us at or follow us on Twitter @RENEWLLC to find out more.
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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