Structuring for protection and creating value

Module 04 / 5 · 70 min

Choose instruments and rights that protect the downside in Ethiopia, then build the 100-day plan and the governance, finance and add-on moves that grow value.

In this module you will learn to

Compare common shares, preference shares and convertible instruments for a PE or VC deal
Calculate the effect of liquidation preferences and anti-dilution clauses
Explain offshore holding structures and FX protections within Ethiopian rules
Design a 100-day plan, governance upgrades, finance professionalization and add-on acquisitions

Built on

Erudite Africa course specification 3.j: Private Equity and Venture Capital, Levels 1 and 2 (October 2026)
Erudite Africa Training Module: Ethiopian Context, program overview and regulatory register (October 2026)
Investment Proclamation No. 1180/2020, Investment Regulation No. 474/2020 and Ethiopian Investment Board Directive No. 1082/2025; Commercial Code Proclamation No. 1243/2021
Capital Market Proclamation No. 1248/2021; ECMA Directive No. 980/2024; ECMA collective investment scheme and venture capital fund rules (reported, to confirm); ESX Rulebook (December 2024)
NBE directives as listed in the lessons: FXD/01/2024, FXD/04/2026, SBB/92/2024; NBE Monetary Policy Committee release No. 7 (July 2026)
IFC Performance Standards on Environmental and Social Sustainability, GIIN IRIS+ and the 2X Criteria

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.