Rothschild creates fund for Africa

by Developed Africa 2. July 2014 09:00

The investment group Edmond de Rothschild has raised a fund specifically for investment deals across Africa.

The fund, which will focus on making deals in Africa, will be managed by Amethis Finance- a company majority-owned by the Edmond de Rothschild"

The idea for the fund was given to the bank by Ariane de Rothschild, and the focus will be upon high-returns, but that have a social development aspect, so that it will benefit both the stake holders and the continent. The bank has so far raised a fund of $530 that will be focused on small and medium sized companies.

It is reported that Amethis Finance, the group that will manage the fund, has a good record of investment across Africa, including investment in:

Chase Bank, a Kenyan commercial bank, Velogic, a Mauritius-based logistics firm, and Petro Ivoire, an energy distribution company based in Ivory Coast."

Chief Executive of Compagnie Benjamin de Rothschild Conseil, Johnny El Hachem, has posited that longer staying longer in Africa gives better returns. Encouragement for all investors that African companies are worthy investments.

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