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Ethiopia
Patrice Motsepe-backed ARCH fund to invest in Addis


South African billionaire and President of the Confederation of African Football, Patrice Motsepe.
South African billionaire and President of the Confederation of African Football, Patrice Motsepe. © Siphiwe Sibeko/Reuters

The ARCH Cold Chain Solutions fund, which supports businesses across the region, has announced a $62m funding package for developing storage facilities in Kilinto's industrial park, which Addis Ababa hopes will become the flagship of its pharmaceutical industry.

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