Apr 1, 2017
Illustration Photo: Cattle (Public Domain from Pixabay.com)
The Norwegian Investment Fund for Developing Countries announces an investment of USD 7.4 million in a Beef Exporter in Ethiopia
The capital provided by Norfund will help VBP become the largest cattle processing operation in Eastern Africa by enabling the construction of a state of the art abattoir and meat processing facility, currently underway, and also fund working capital for the business. Norfund will work alongside 8 Miles - a UK based pan-African private equity fund - who made an initial investment into VBP in November 2015.
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