RENEW International Canada, Ltd.

Published purpose

This project aims to strengthen the financial, social and environmental performance of small and medium businesses (SMEs) so they are better able to attract and manage finance, including private equity financing, and scale up their companies. This will enable SMEs to play a stronger role in poverty reduction through the creation of more and better jobs for Ethiopians. Project activities: (1) provide business incubation and development support services to improve women and men-owned entreprises’ access to finance, including initial equity investments by North American angel investors; (2) build the capacity of local institutions and financial professionals to assist growth-oriented SMEs to access finance, and; (3) build international and domestic investor awareness of Ethiopian investment opportunities. This project hopes to create better and more sustainable employment for 7,700 Ethiopians and support the growth of 500 economically, environmentally and socially sustainable Ethiopian SMEs.