Primarily Ethiopia, but will consider strategic investments by Ethiopian companies into the region--Djibouti, Kenya, Tanzania, and Uganda--or by regional companies into Ethiopia.
The sector presents numerous growth opportunities as Ethiopia seeks to establish itself as a major manufacturing hub within Africa. A large and increasingly educated labor pool, competitive wage rates, low energy costs, improving business operating conditions, and a growing number of industrial parks with ready-to-use facilities are all providing suitable conditions for investment in manufacturing. Cepheus intends to focus on opportunities in a range of import substituting industries as well as in manufacturing companies geared towards export markets.
Despite a large agricultural base, value addition in this sector has so far been very limited in Ethiopia. Cepheus stands ready to support companies that are engaged in agro-processing activities and that show strong prospects for substantial growth—thereby boosting demand for rural producers, serving local or global consumers, and substituting a wide range of currently imported food items.
With Ethiopia’s large population, growing urbanization, and steadily rising disposable incomes, Cepheus sees attractive opportunities in various service sectors, including education, healthcare, business services, tourism and the digital/technology space.