National Cement Share Company

Ethiopia Business services

We are invested in National Cement Share Company through SGI Ethiopia Growth and Transformation Fund, which is managed by Schulze Global Ethiopia GP.

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, British International Investment 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.

This investment was made when British International Investment was named CDC Group.

National Cement is one of the largest privately owned cement companies in Ethiopia, operating two cement production plans in Dire Dawa with a total production capacity of approx 1.2 million tons per year.

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

Key facts

Status:
Exited
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.

:
Business services
Investment type

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

:
Intermediated investment
Fund:
SGI Ethiopia Growth and Transformation Fund
Fund Manager:
Schulze Global Ethiopia GP
Start date

For direct investments, this is the date British International Investment committed capital to the business or project.

For funds, this is the date that British International Investment committed capital to the fund.

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

:
February 2013
End date

For direct equity investments, this is the date at which British International Investment exited the investment.

For debt investments, this is the date at which the final debt repayment was made.

For funds, this is the date at which the fund was terminated.

For underlying fund investments, this is the date at which the fund manager exited the investment.

:
August 2021
Domicile

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

:
Ethiopia

We are now British International Investment