Investors in Ethiopia

Oslo-based active ownership and advisory firm with global footprint. Portfolio of 20 + high growth companies across - Disruptive Technologies - Professional Services - Ethiopia Advisory on strategic direction and digital transformation to leading Nordic corporations

We are on a mission to build a community driven, founder centric fund that connects Africans.We believe in the power of capital and community to help solve the world's most pressing issues.The founders we back are mission driven and changing the face of entrepreneurship in Africa and beyond.

Our vision is to change the way the world engages Africa—from a place of giving to one of investing. Renew Capital invests capital into African opportunity while building the ecosystems and infrastructure needed to make these investments possible.

Abler Nordic AS is a private equity and venture capital firm specializing in direct, and fund of funds investments in emerging, early stage, mature, and startup companies. The firm also prefers to invest in Debt, Sub-Debt and Equity instruments of microfinance institutions. It prefers to invest in young & emerging MFIs that have a clearly stated social mission and that have reached financial sustainability or have good prospects for attaining financial sustainability within the next few years. The firm also invests in other institutions providing financial inclusion to the poor in developing countries. It may in special cases invest in MIVs that focus on such institutions. The firm typically invests in companies based in Latin America, Sub-Saharan Africa with focus on Angola, Cameroon, Ethiopia, Ghana, Kenya and Ivory Coast, Malawi, Mozambique, Rwanda, Zimbabwe, Madagaskar, Zambia, Mali, Nigeria, Senegal, Tanzania, Uganda, Asia focusing on South and Southeast Asia, Nepal, Sri Lanka, Cambodia, Myanmar, Philippines, Indonesia, India, and Pakistan. It may also consider investments outside of these focus countries. The firm prefers to invest between $1 million and $8 million in companies with minimum total assets of $1 million. It prefers to take both minority positions in its investments and be an active investor. For equity investments, it prefers to take a stake of 10-30% in its portfolio companies. The firm seeks to take up governance positions in the board of the MFI or committees under the board. Abler Nordic AS was established in October 2008 and is based in Oslo, Norway with additional offices in Copenhagen, Denmark; Nairobi, Kenya, Tangerang, Indonesia & Bengaluru, India.

Addis Ababa Angels Network is a group of individual investors whose aim is to promote economic development and sustainability in Ethiopia. They strongly believe in the transformational capacity of a strong startup ecosystem on the Ethiopian economy. Hence, the members have come together to draw on their experiences and consolidate their financial resources to back early-stage technology, and tech-enabled innovative businesses.

Impact Fund Denmark is a private equity and venture capital firm specializing in financing in the form of equity, mezzanine, loans, debt and guarantees. It makes socially conscious investments. It makes directly & indirectly investments. Under directly investing, it invests in early stage & growth capital investments. Under indirectly investments, it invests in venture capital funds. It specializes in establishing new companies, setting up joint ventures between Danish companies and local business partners and in acquiring existing companies. It provides financing to private-sector projects in the developing countries. The firm can only invest in countries whose 2008 GNI capita income is below $0.03 million with an exemption granted to South Africa, Botswana, and Namibia. Also, the host countries of investments must be on the OECD’s DAC list of development aid recipients. It invests where private sector financing is unavailable or insufficient. It invests in sustainable growth and high-impact solutions in developing markets/countries. It does not invest in Forced labor or child labor, Ozone depleting substances, PCB's (Polychlorinated Biphenyls) and other specific, hazardous pharmaceuticals, pesticides/herbicides or chemicals, wildlife or products regulated under the Convention on International Trade in Endangered Species or Wild Fauna and Flora (CITES), Unsustainable fishing methods, Cross-border trade in waste and waste products, unless compliant with the Basel Convention and the underlying regulations, Destruction of High Conservation Value areas, Radioactive materials and unbounded asbestos fibres, Pornography and/or prostitution, Racist and/or anti-democratic media, Alcoholic Beverages (except beer and wine), Tobacco, Weapons and munitions, Gambling, casinos and equivalent enterprises, Standalone fossil fuelled power plants, Drilling, exploration, extraction, refining and sale of crude oil, natural gas and thermal coal, Storage, supporting infrastructure (pipelines etc.), transportation and logistics, and services primarily related to fossil fuels, Any business using captive coal for power and/or heat generation, Electricity generation from peat and activities leading to deforestation, Investments and/or other projects that aim to produce or make use of agricultural or forestry products, Biomaterials and biofuel production, Export-oriented agribusiness mod, Meat and dairy industries. It prefers investing in commercial services and supplies, biofuels, electric power by solar and wind energy and irrigation systems sector. The firm seeks to invest in climate and Agribusiness. It focuses its investments in Green energy & infrastructure with focus on Clean, affordable renewable energy, Waste recycling and management, Energy efficiency, Water access and management; Financial Services with focus on Microfinance, MSME financing, Development banks and Insurance; Sustainable food systems with focus on Climate farming, Storage and distribution, Processing, Forest and land; Healthcare with focus on Hospitals and clinics, Pharmacy chains, Diagnostic services, Pharmaceuticals & medical equipment. The firm prefers to invest in companies based in Africa focusing on North Africa, Sub-Saharan Africa, South America, Central America, Middle East and Algeria, Angola, Benin, Botswana, Jordan, Denmark, Senegal, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo (Brazzaville), Democratic Republic of Congo, Côte d'Ivoire, Djibouti, Egypt, Arab Rep., Eritrea, Ethiopia, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Senegal, São Tomé and Principe, Sierra Leone, Somalia, South Africa, Sudan, South Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe; Asia focusing on Afghanistan, Bangladesh, Bhutan, Cambodia, China, Fiji, India, Indonesia, Iran, Iraq, Brazil, Malaysia, Turkey, Mexico, Kiribati, Laos, South Korea, North Korea, Kyrgyzstan, Maldives, Federal States of Micronesia, Mongolia, Myanmar, Nepal, Marshall Islands, Pakistan, Papua New Guinea, Philippines, Western Samoa, Solomon Islands, Sri Lanka, Syria, Tajikistan, Thailand, East Timor, Tonga, Turkmenistan, Tuvalu, Uzbekistan, Vanuatu, Vietnam, West Bank and Gaza, Yemen; Europe focusing on Albania, Russia, Armenia, Azerbaijan, Caucasus, Belarus, Balkans, Bosnia & Herzegovina, Bulgaria, Croatia, Montenegro, Romania, Slovenia, Georgia, Kosovo, Macedonia, Moldova, Serbia, Ukraine; and Latin America with a focus on Belize, Bolivia, Colombia, Cuba, Dominican Republic, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras Nicaragua, Paraguay, Peru, Saint Lucia, Saint Vincent and The Grenadines, Suriname, Ecuador, and Jamaica and North Asia, United States of America, Latin America and parts of Europe. It seeks to invest between from DKK15 million ($2.32 million) and DKK500 million ($77.52 million). The firm can invest up to DKK350 million ($51.34 million) per company. The firm seeks to co-invest with Danish businesses in projects based in developing countries. It prefers to take minority stake between 10% to 30% and up to 49 per cent in small projects. It prefers to take a board membership. The firm prefers to exit its investments within five to seven years when the loan has been repaid or the shares have been sold. The firm also offers special assistance to small and medium-sized enterprises which employs less than 300 employees, with an annual revenue of up to DKK 300 million ($53.16 million) and has a positive result in two out of three latest financial years. It also provides advisory services to business investments in developing countries. The firm makes two thirds of its investments in partnership and can also provide additional financing. Impact Fund Denmark was founded in 1967 and is based in Copenhagen, Denmark with additional offices across Asia, Europe, South America, and Africa.

AHL Venture Partners is a venture capital and venture debt firms specializing in mezzanine, bridge, seed/startup, series-A and series-B investments. The firm seeks to invest in growth capital. The firm prefers to invest in energy access, financial inclusion, sustainable food, agriculture, and human capital development and climate action sectors. The firm seeks to invest in Africa including Kenya, Ethiopia, Uganda, Tanzania and Zambia. The firm seeks to provide debt facilities between $1 million and $5 million. The firm prefer to take minority stake in companies. AHL Venture Partners was founded in 2007 and is based in Nairobi, Kenya with an additional office in Vancouver, Canada; Lusaka, Zambia and Accra, Ghana.

At Ascent, we have a bold mission. Over the coming years, we are developing and nurturing a league of “enterprise champions” that sets the bar for business standards in Ethiopia, Kenya and Uganda, and the Greater Eastern Africa region.

Africa has always lived on its feet. Ever since man took his first faltering steps in the great Rift Valley, Africans have been renowned as the world's best walkers. Today Africans are still walking tall, but with one notable exception: the extra milage provided by their Umoja Shoes. Since its own first steps in the late 1970s, Umoja Rubber has helped to put affordable shoes on millions of feet across Africa. From kenya to Congo, Ethiopia to Madagascar, Umoja has become a household name- a name that stands fro strength, confort, value and reliability. Today's bustling Umoja Headquarters is a far cry from the small slipper factory that opened with 26 employees on Mombasa Island in 1978. The Company's Mtwapa headquarters today employs more than 1,600 people and produces a phenomenol 100,000 pairs of slippers and 30,000 pairs of canvas shoes eveyday.

Verdant Frontiers LLC is a venture capital firm specializing in start-up and early stage investments. The firm seeks to make investments in industrial and agricultural sectors. It typically invests in companies based in Ethiopia. The firm prefers to invest between $1 million to $10 million. It prefers targeted investor return in excess of a 30% IRR. Verdant Frontiers LLC was founded in 2013 and is based in the United States.

Alta Semper Capital LLP is a private equity firm specializing in direct and fund-of-fund investments. In direct investments, the firm specializes in later-stage, mature, turnaround, emerging growth, growth capital, and buyout capital investments across selected growth markets. Within fund of fund investments, the firm specializes in private equity and venture capital funds. The firm invests in specific industries such as pharmaceuticals, medical equipment, cosmeceuticals, and healthcare services. The firm invests in East Africa: Kenya, Tanzania, Uganda, Ethiopia, Mozambique, North Africa; Egypt, Francophone Africa: Morocco, Tunisia, Senegal, Ivory Coast, Anglophone West Africa; Nigeria, Ghana. It makes investments between $20 million and $50 million. The firm prefers to have a majority stake in portfolio companies. The firm makes balance sheet investments. Alta Semper Capital LLP was founded in 2015 and is based in London, United Kingdom, with an additional office in Cairo, Egypt.

Duet Private Equity Limited is liquidating. It is a private equity and venture capital firm specializing in investments in early stage, emerging growth, turnaround, growth capital, buyout, real estate and infrastructure. The firm seeks to invest through its funds. It invests in consumer and consumer related industries. The firm invests in middle class residential development projects in and around Tier II and Tier III cities in India. The firm specializes in investments in sports and entertainment companies. The firm invests in acquisitions of five star luxury hotels, residential developments, luxury hospitality, and residential complexes. The firm makes debt investments in companies operating in infrastructure projects and companies primarily based in United Kingdom. The firm makes equity investments in early stage companies operating in infrastructure projects and in the core transport, utilities and social accommodation sectors in India. The firm invests via debt investments in distressed real estate in Europe. The firm makes expansion capital and development stage investments in small to mid-cap companies operating in sports, media and entertainment, leisure, consumer brands, and specialty retail sectors that based in the United Kingdom. The firm seeks to invest in Ethiopia, Mozambique, Tanzania, Uganda, Nigeria, Mozambique, Francophone West Africa, and Ghana. The firm considers investments between $0.57 million and $50 million. The firm invests with an investment horizon of five to seven years and seeks to exit its investments through an IPO or asset disposal. Duet Private Equity Limited was founded on 28 August 2001 and is based in London, United Kingdom.

Sentry Financial Corporation is private equity firm specializing in middle market, small, seed and industry consolidation companies. The firm also invests in follow-on rounds. The firm primarily invest in technology, construction, clean energy sectors. The firm seek to invest in North America in US, Canada, Mexico; Europe in United Kingdom, Germany, Bulgaria; Asia in China, Indonesia, Singapore; Central America in Guatemala; South America in Brazil; Africa in Ethiopia, Ghana, Kenya and Zimbabwe. The firm typically take Board participation. The firm seeks minority stake. The firm prefer to invest from $0.5 million to $5 million. Sentry Financial Corporation was founded on June 17, 1986 and is based in Salt Lake City, Utah.

China-Africa Development Fund is a private equity and venture capital investment arm of China Development Bank specializing in expansion stage, mature stage and buyout investments. The firm typically invests in agriculture and manufacturing industry sectors; research, capacity cooperation, infrastructure sectors, which include electric power and other energy facilities, harbour construction, transportation, telecommunications, and urban water supply and drainage; natural resources sectors, which include oil, gas, and solid mineral resources; and industrial perks set up by Chinese enterprise in Africa. It primarily invests in companies based in Africa specifically in Ghana, West and Central Africa, which Chinese enterprises also participate. The firm can invest in new projects, co-invest or acquire enterprise directly. It does not take majority stake in its portfolio companies nor participate in its daily management and limits its holdings between 10% to 50%. It only requires active participation such as naming directors, supervisors, and financial management staff to projects and exercises its shareholder's rights. It also invests in stocks, convertible bonds and other quasi-equity type investments. The firm exits through IPO, transfer agreement, buyout by original stockholders or by the management. It also invests in fund of funds. China-Africa Development Fund was founded in June 2007 and is based in Beijing, China with additional offices in South Africa, Zambia, Ethiopia, Ghana and Kenya.

Voxtra Foundation, Investment Arm is a private equity firm specializing in providing later-stage growth capital. The firm provides debt, equity, quasi-equity, and mezzanine. The firm will invest in agribusinesses in East Africa. The firm typically invests in companies based in Burundi, Ethiopia, Malawi, Mozambique, Kenya, Rwanda, Tanzania, Uganda, and Zambia. The firm invests between $0.5 million and $2 million per investment. The firm focuses on taking a minority stake in its investee companies. The firm prefers to invest between five to seven years. Voxtra Foundation, Investment Arm is headquartered in Oslo, Norway with an additional office in Nairobi, Kenya.

Inspired Evolution Investment Management is a private equity and venture capital firm specializing in start up, early stage, mid venture, late venture, later stage, emerging growth, growth capital, bridge financing, PIPES, and buyouts in mature middle market small, medium-sized, and large companies. It does not invest in angel and seed stages and also in sectors such as tobacco, alcohol, gaming, fixed asset (property), defense, and select environmental categories. The firm also invests at an earlier stage in the process (pre-bankable stage) where warranted through access to complimentary seed capital facilities. It seeks to invest in green industries, cleantech investments across new energy and environment markets including clean energy generation; clean energy infrastructure; water purification; waste management; and efficient production technology, renewable energy power generation (primarily wind, solar, small hydro and Geothermal), resource efficiency (in the field of energy efficiency, water and water treatment, waste management and agricultural efficiency), energy efficiency, biofuel, manufacturing, pollution and waste management, green chemistry, transportation, and agribusiness. The firm also seeks to invest in sustainable agriculture, natural health, ecotourism, sustainable settlements, and green real estate. It prefers to invest in Southern African Development Community countries with a focus on Sub-Saharan Africa with primary targets being Ethiopia, Ghana, Kenya, Mozambique, Nigeria, Tanzania, Uganda and Zambia, Southern and South Africa ; across the Southern African Development Community including nations such as Angola, Botswana, Democratic Republic of Congo, Lesotho, Madagascar, Malawi, Mauritius, Namibia, Seychelles, Kingdom of Swaziland, Zimbabwe, and Australia. The firm seeks to make equity investment between $1.4 million and $14 million in companies with enterprise values between $1.34 million and $15 million. It prefers to be a lead investor. The firm seeks to take a board seat in its portfolio companies. It acquires significant minority or majority stakes. The firm also provides advisory services. Inspired Evolution Investment Management was founded in 2007 and is based in Cape Town, South Africa with additional offices in Grand Baie, Mauritius, Abidjan, Ivory Coast, Nairobi, Kenya and London, United Kingdom.

PME’s investment objective was to achieve significant total return to investors through investing in infrastructure projects and related opportunities across a range of countries in sub-Saharan Africa. The main investment focus lay within existing or greenfield projects in Angola, Botswana, the Democratic Republic of Congo, Ethiopia, Ghana, Mozambique, Nigeria, Rwanda, South Africa, Tanzania, Uganda and Zambia.

Belgian Investment Company for Developing Countries SA/NV-BIO is a private equity and venture capital firm specializing in direct and fund of funds investments. It focuses on debt, expansion, growth capital, middle market, emerging growth, mezzanine, start-up, early stage, private sector projects; private enterprises with a focus on small and medium enterprises and large companies with local base, financial sector with a focus on financial institutions or intermediary organizations who aim to finance small and medium sized enterprises including commercial banks, microfinance institutions, non-bank financial institutions, factoring, leasing, investment companies, microfinance investment funds, and private equity funds and infrastructure projects with a focus on private projects or public-private partnerships aiming at servicing local populations and businesses and new projects or rehabilitation of existing equipment, subsidies and grants to co-finance for feasibility studies and technical assistance programmes for training, technology transfer; and guarantees. It does not invest in production, trade, or activities involving harmful or exploitative forms of forced labor or harmful child labor, any product or activity deemed illegal under host country laws or regulations or international conventions and agreements, weapons and munitions, alcoholic beverages excluding beer and wine, tobacco, gambling, casinos and equivalent enterprises, wildlife or wildlife products regulated under CITES, radioactive materials, unbonded asbestos fibers, commercial logging operations or the purchase of logging equipment for use in primary tropical moist forest, products containing PCBs, pharmaceuticals subject to international phase outs or bans, pesticides and herbicides subject to international phase outs or bans, ozone depleting substances subject to international phase out, and drift net fishing in the marine environment using nets in excess of 2.5 km in length. The firm seeks to invest in all sectors with a focus on agriculture and agro-industry, information technology and telecommunications, productive sectors for private enterprises; renewable energy, water access, irrigation and agriculture, telecommunications, and transport infrastructure for infrastructure projects. It also invests in manufacturing and ICT. The firm primarily seeks to invest in countries that fall under the following categories: least developed countries, low income countries, and middle income countries. For private enterprises and financial sector, it seeks to invest in Africa, Central and Latin America, and Asia/South-East Asia with particular emphasis on Africa for infrastructure projects. Within Africa it invests in Algeria, Angola, Benin, Burkina Faso, Burundi, Cameroon, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Ivory Coast, Kenya, Madagascar, Malawi, Mali, Morocco, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Togo, Tunisia, Uganda, Zambia and Zimbabwe; for Asia it invests in Bangladesh, Cambodia, India, Indonesia, Laos, Mongolia, Myanmar, Nepal, Philippines, Sri Lanka and Vietnam; for Latin America it invests in Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Paraguay and Peru; it also invests in Palestine. The firm seeks to invest in small and medium sized enterprises and larger corporations and for investment companies and funds with a maximum amount of respectively €1 million ($1.10 million) and €15 million ($16.50 million) per project and minimum amount of €3 million ($4.14 million) to €15 million ($16.50 million) for infrastructure projects and less than €1 million ($1.38 million) in the financial sector. It also provides subsidiaries and grants up to a maximum of 50% of their total cost with maximum €0.1 million ($0.14 million) and usually makes early stage investments of €5 million ($6.88 million). The firm seeks a minority and majority stake in its portfolio companies and usually does not hold more than 35%. It seeks a seat on the board of its portfolio companies and may co-invest in infrastructure projects. The firm seeks to invest in equity, quasi-equity including mezzanine, subordinated loans, convertible loans and medium and long-term loans. Loan maturity for private enterprises and financial sector may vary between 3 to 10 years, with a maximum grace period of 3 years and up to 15 years, with a maximum grace period of 3 years for infrastructure projects. Belgian Investment Company for Developing Countries SA/NV-BIO was founded in 2001 and is based in Brussels, Belgium with additional offices in Nairobi, Kenya and Abidjan, Ivory Coast.