The Ethiopian Embassy in Brussels hosted a panel discussion this Thursday November 28th on Private Equity Investment in Ethiopia at the premises of the Embassy.
The intention of the event organized by Ethiopian Embassy and Brussels-Africa Hub was to highlight advantages for investors, decision-makers of the European investment community interested in new opportunities in emerging Ethiopian market.
Dr Belachew Mekuria, former Commissioner of Ethiopian Investment Commission moderated the panel discussion on Private Equity Investment in Ethiopia.
On the occasion, Mr. Zemedeneh Negatu, Chairman of Fairfax Africa Fund, Mr. Yassine Benjelloun, Portfolio Manager of 54 Capital and Mr. Thierry Viale, President Europe at Ontex (CanBebe Ethiopia) and H.E. Ambassador Grum Abay, Special Envoy, Extraordinary and Plenipotentiary of the Federal Democratic Republic of Ethiopia to Belgium, Luxembourg and E.U. were the panelists in the Seminar.
In his opening remarks during the Private Equity Investment in Ethiopia, H.E. Ambassador Grum Abay, stated, “The government has taken a series of measures to shift the economic landscape of Ethiopia, such as reforms in investment laws and business climate, which have helped remove regulatory obstacles that hamper investment”.
H.E. Ambassador Grum highlighted that Ethiopia is one of the lowest recipients of private equity on the African continent and it has been making a narrative change of investment administration and improving the investment bureaucracy for private equity investment and venture capitalists.
“This seminar and panel discussion will provide us with practical approaches on how to further develop this area in Ethiopia”, he added.
During the panel discussion, Ethiopia as an African champion, Private Equity returns, incentives for private equity investments, and an Ethiopian deal from sourcing to exiting (perspective from a private equity firm and from an investee/seller) were some of the topics discussed by the panelists and representatives of 21 companies who participated in the event.
The panelists of the seminar shared their knowledge, business experiences and the challenges they encountered while investing in Ethiopia.
Finally, the panelists and H.E. Ambassador Grum addressed the questions raised by the participants of the seminar.