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DEG of Germany Invests $10 Million in Ethiopian Growth Fund
German development company Deutsche Investitions und Entwicklungsgesellschaft mbH said it will invest $10 million in Schulze Global Ethiopia Growth and Transformation Fund I, a private-equity fund focused solely on the Horn of Africa nation.
The capital for the fund, owned by Schulze Global Investments and created this year, will be invested in small-and medium-sized enterprises in Ethiopian industries including agro- processing and manufacturing, DEG said in an e-mailed statement today in Addis Ababa, the Ethiopian capital.
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Ethiopian needs Education to create technology, computer scientists, machinery, oil and gas, construction, energy, biological and mechanical weapon, medical scientists. Either an investment to implement a real technology transfer or training through practice to create knowledge in that country in the arrays mentioned is highly appreciated. Otherwise I don’t see why the country is unable to print money by itself.
There you are again but this time you are for investment not afraid of big companies or investors to come to Ethiopia to create jobs. You are compelletly changed from the others comments you gave. Well done.
Aids is a sticking plaster but investment is a cure to poverty.
C’est moi senait,
Yes, It is better to rank what a country can do without a call for investor(s), and what a country cannot do but can outsources to investor(s). There are many intricated issues.
Come up with your own word do not copy a junk word that you collec from mc donnald president
$10 m kkkkk
too little, too late!
China is the answer for African
basic development, not Europe .
Not The Old Europe !!!
C’est moi Senait,
You are very lay w/man. You know your president [sic] where you may employed and enslaved! please know that I can feed what you are: rabid, shenanigan, insane, wicked person. I don’t feed you with explanatory but I think that you are better described with those laconic words.
Simply you have been putting others in your image with your hasty generalization because you may know yourself, if you are nor vicious.
Wow agro-processing and manufacturing is hot one very promising investment.
I assume that what you are sayings is very acceptable.
But the written document says the investor will invest into private equity, thereby confuses as it will be invested to small and medium enterprise.
I am convinced that there is no reason to invest in “fund” or “equity” but I support to invest directly onto the enterprises.
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