{{Kenya-based private equity firm Catalyst said it had acquired a 50% stake in Ethiopian food and drink maker Yes Brands to tap into the Horn of Africa nation’s large population and fast economic growth.}}<\/p>\n
Mauritius-registered Catalyst Principal Partners raised $125 million last year for its Catalyst Fund 1 to be invested in consumer growth-related opportunities in a region with some of the world’s fastest growing economies.<\/p>\n
Paul Kavuma, Catalyst’s chief executive, said it would build on the strength of Yes Brands in mineral water bottling by investing in operational capacity and product distribution.<\/p>\n
The value of the deal was not disclosed due to confidentiality clauses in the agreement.<\/p>\n
Officials in Addis Ababa said last year they expected Ethiopia’s economy to expand by 11% in the 2012\/13 fiscal year.<\/p>\n
Catalyst is also looking to invest in east Africa’s property market, Kavuma said last month.<\/p>\n
{reuters}<\/p>\n","protected":false},"excerpt":{"rendered":"
{{Kenya-based private equity firm Catalyst said it had acquired a 50% stake in Ethiopian food and drink maker Yes Brands to tap into the Horn of Africa nation’s large population and fast economic growth.}} Mauritius-registered Catalyst Principal Partners raised $125 million last year for its Catalyst Fund 1 to be invested in consumer growth-related opportunities […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[99],"byline":[170],"hashtag":[],"class_list":["post-7804","post","type-post","status-publish","format-standard","hentry","category-business","tag-greatlakesnews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/7804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=7804"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/7804\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=7804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=7804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=7804"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=7804"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=7804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}