Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Cephus raises $51 million for high-growth Ethiopian businesses



The new private-equity fund will back small and growing Ethiopian businesses with a focus on manufacturing, agro-processing and services.

Growth-stage companies have the potential to create millions of jobs in Ethiopia, Africa’s second-largest country by population, according to the World Bank.

The Cephus fund is not impact-focused, but it aims to address the funding gap for Ethiopia’s “missing middle” — growth-stage companies that have a harder time raising money than early- and late-stage peers.

Cephus aims to raise $100 million for the fund. Its first close was backed by CDC Group, Norfund, and the European Investment Bank.

You might also like...