Firms express readiness for floriculture investment in Ethiopia

  • PDF

Addis Ababa, 11 August 2014 (WIC) - Two American Equity Fund Firm heads express readiness to engage in Ethiopia in floriculture and installing fuel pipeline from Djibouti to Addis Ababa.

KKR and Black stone are US based Equity Firms that own a 300 Billion USD investment capital each that seek floriculture investment in Ethiopia.

Heads of these companies held talks with Prime Minister Hailemariam Dessalegn during his stay in Washington DC to attend the first US-Africa Leaders Summit.

Chairman of KKR David Petraeus   said his company has injected 200 Mln USD in a flower firm in Ethiopia to increase production as well as job opportunity.

Black Stone CEO Brian Herlihy expressed his company’s interest to build a fuel pipeline that stretches from Djibouti to Addis Ababa.

Prime Minister Hailemariam Desalegn welcomed the interest expressing his government’s readiness to provide assistance for such companies.

According to ERTA, equity firm is a firm that collects money from investors and injects it on business activities which are considered profitable.