Ethiopian biscuit producer Ahadukes secures backing from PE firm Zoscales Partners

ETHIOPIA – Ahadukes Food Products, producer of mainstream and premium biscuits for the Ethiopian domestic and export markets, has secured an investment from Zoscales Partners (ZP), a private equity firm with impact in East Africa through its maiden fund “Zoscales Fund I”. The Ethiopian biscuit producer Ahadukes commissioned its first 50 MT/per day production line in May 2015 in the city of Bishoftu. Its range of branded biscuits includes Marie Gold, Ginger Crunch, Tiger Creams, among others. ZP will partner with the management and current shareholders of Ahadukes to drive scale…

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