Ethiopia’s largest Fast Moving Consumer Goods (FMCG) platform, SAMANU, will receive a USD 21 million growth capital investment from Norfund, the Norwegian Investment Fund for Developing Countries, and a consortium of private investors managed by 54 Capital.
The Norwegian Investment Fund for Developing Countries (Norfund) has made a USD 7.4 million investment in Verde Beef Processing PLC, an Ethiopian beef producer.
North Holdings Investment Inc., U.S. based Ethiopian-American company is to build a cement factory with US$ 800 million investment near Dejen town, in Amhara Regional State, according to The Reporter.
The North Shoa Zone in Ethiopia has seen a significant increase in investment in the past year. The zone initially planned to register investments totaling Birr 25 billion, but it ended up receiving investment registrations amounting to over Birr 42 billion. This is a 72% increase over the original target.
The Norwegian government has granted Generalized System of Preference (GSP) to Ethiopia, allowing the country's products to enjoy tax exemption on entering the Norwegian market, according to The Reporter.
