The Daily Monitor
By Fikremariam Tesfaye
ADDIS ABABA, ETHIOPIA – A team of American investors, including a leading stockbroker and several hedge fund managers from Wall Street, USA, divulged on Thursday interests to invest in agriculture and manufacturing sector in Ethiopia.
The delegation consists of seven investors, who own investment companies over $100 million in African countries, coming to visit leading Ethiopian businesses and gain an overview of the Ethiopian economy and the promising opportunities within the investment infrastructure. Their visit has been facilitated by an Ethiopian company called Access Capital Services S.C.
A team leader, Zoran Milojevic representing Auerbach Grayson & Company Incorporated said at a press conference held at Access Capital office that under his company’s long-term view of the global economy and trends in capital and other markets it is working with other Wall Street companies to ease the current global securities markers crisis, including the weekend’s $ 700 billion rescue package.
Auerbach Grayson & Company Incorporated is a stockbroker committed to serving the international needs of major global institutional investors. Clients typically have assets ranging from $ 100 million to several billion dollars. Through its worldwide networks of broker partners in 122 countries, it also offers research, execution and clearance in equities, derivatives and fixes-income instruments, according to information disclosed.
Access Capital Services S.C. has been set up to assist investments into growth businesses in Ethiopia through investing its own shareholder funds as well as bringing together investors and institutions with capital to invest and entrepreneurs seeking funding for business growth opportunities.
According to Ermias Amelga, Chief Executive of Access Capital, excellent investment opportunities are available in Ethiopia, particularly for those willing to take direct risks by investing in the shares of Ethiopian business.