Turaco

Ethiopia Manufacturing

We are invested in Turaco through Ethos Mezzanine Partners III, which is managed by Ethos Private Equity.

We do not hold direct relationships with the companies that investment funds invest in. Instead, we hold relationships directly with the fund. When investing through investment funds, CDC takes an active role as a limited partner to the fund, working with the fund manager to ensure best practices, including in environment, social and governance matters, and investment management oversight.

Turaco operates two companies in the consumer goods sector in Ethiopia. The two companies are HCFM, which makes edible and cooking oils, and Gullele/ZAK, which manufactures soap and household detergents and is branching out into toiletries

For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, East Africa
Countries:
Ethiopia
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Manufacturing
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
Ethos Mezzanine Partners III
Fund Manager:
Ethos Private Equity
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
July 2020
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Ethiopia