Cepheus Growth Capital Fund
- Active: Active
- Region: Africa
- Country: Ethiopia
- Sector: Investment funds
- Year: 2018
- Domicile: Mauritius
- Instrument: Fund
- Commitment (MNOK) as of 31.12.2018: 129.9
- Original Commitment (MNOK): 129.9
Norfund has invested USD 15 million in the first close of Cepheus Growth Capital Fund, an investment fund that targets small and medium sized companies in Ethiopia.
Cepheus Growth Capital Fund is an investment fund founded by Ethiopian-born partners with extensive local network and local PE experience. . Cepheus’ investment strategy is to target export-oriented or import substituting small and medium sized companies. Focus will be on investments in private companies that operates within manufacturing, agro-processing and services - some of Ethiopia's most rapidly growing sectors.
Ethiopia is a country that strongly needs capital and enhanced financial and operational skills. Ethiopia’s huge population of about 102 million (2016) makes it the second most populous nation in Africa. But, although the fastest growing economy in the region, it is also one of the poorest
Providing long-term growth capital to Ethiopian companies.
Norfund’s involvement will enable Cepheus to promote more capital and business competence to local companies with growth potential. Norfund's investment will hopefully also stimulate to additional private investments in Ethiopia.