Former Nordea AM director eyes more East African business as PE portfolio prospers
Ethiopian-based Zoscales Partners, that has several Danish family offices among its investor base, floats idea of second PE fund following initial and closed USD 75m fund. The fund invests in one of world's economic hotspots and helps develop East African enterprises.
East African economies are among the fastest growing in the world. The International Monetary Foundation, IMF, forecasts the annual growth rate of the region's powerhouse Ethiopia to land around 8 percent annually until 2023.
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