Schulze Global Investments (“Schulze Global”) an emerging markets private equity firm founded by Gabriel Schulze and the Schulze family is set to receive 10 million US Dollars from the DEG to fund into Ethiopia’s SME’s in a move to see them emerge as industrial leaders in the country.
Schulze Global will inject into small and medium enterprises with between 1 million to 10 million US dollar each.
According to Gabriel Schulze, Schulze Global Investment founder;“The fact that DEG wants to invest in Ethiopia is a testimony of Ethiopia’s promise and shows that there are tremendous opportunities in the country.”
The fund from DEG will be injected to firms in education, cement manufacuring, and as urgently needed access to long term risk capital investments for growth particularly for Small and Middle Enterprsies.
Though DEG is among the first international investors to venture into Ethiopia, Schulze Global Ethiopia earlier signed a 15 million USD deal with UK’s Development Financial Institution.
DEG is part of the German Development Cooperation and has been financing private-sector investments in developing countries since 1962 with an aim to promote the private sector, create jobs and income and better people’s living conditions in the partner countries.
