Finance

Ethiopia: Cepheus Growth Capital Partners acquires minority stake in Tabor Ceramics

Ethiopia: Cepheus Growth Capital Partners acquires minority stake in Tabor Ceramics
Wednesday, 27 November 2019 17:06

Ethiopian private equity firm Cepheus Growth Capital Partners has just acquired a minority stake in Tabor Ceramics, an Ethiopian business that manufactures ceramic products, including sanitary ware, dishes, and industrial insulation. The transaction amount is not disclosed yet.

Cepheus will also provide strategic, managerial, and operational support to the company enabling it to continue its development on the local market. According to Cepheus, Tabor Ceramics is “a promising investment opportunity,” thanks in particular to the growing demand for its products in recent years and its development prospects linked to the urbanization, infrastructure construction and power grid expansion projects being undertaken in the country.

Let’s note Cepheus Capital seeks to raise $100 million as part of a first growth fund to acquire interest in agricultural companies and agribusinesses in the country.

Chamberline Moko

On the same topic
I&P closes €41m for IPAE 3, targeting €70m by 2026 Fund will invest €1-5m in 15-20 SMEs across West Africa and Madagascar IPAE...
Company to invest about $378 million globally over two years Africa to receive 94 % of funding, targeting seven key...
Parliament adopts CFA335.2 billion budget for 2026 transport programs Road transport receives the largest share, followed by air and rail...
Sierra Leone launched the Redsalt Angel Investment Network (RAIN) and signed a Framework Agreement with the Ministry of Communication, Technology, and...
Most Read
01

Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...

Tanzania’s Mobile Money Goes Global: Vodacom Partners with Visa, Alipay, and MTN
02

Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...

Togo’s Kossi Ténou Appointed President of AMF-UMOA
03

JA Africa launches $1.5M digital safety program in four African countries Initiative to ...

Google.org, JA Africa to Train Children, Teachers and Caregivers in Digital Safety
04

Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...

Major Tech Reforms Needed for Francophone SSA to Attract More Investment, Report Says
05

Botswana and Oman signed strategic agreements that include a 500-MW solar photovoltaic project. T...

Botswana, Oman Agree on 500-MW Solar Project in New Energy Partnership
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.