In May 2019 a RENEW press note carried on Yahoo Finance said the Impact Angel Network, an equity investor active in Ethiopia and East Africa, had successfully exited two investments that financed Ethiopian small and medium enterprises.
Exit news matters in thin private-equity markets because it shows that some early investors could return capital, which later funds use when they pitch new diaspora and development money.
The release was promotional, so readers should treat performance claims carefully, but the exit date itself is still a useful FDI marker.
Kept as business archive, the RENEW IAN exits date one private-capital cycle in Ethiopia’s SME scene in 2019.
Sources: Yahoo Finance / RENEW release