Zoscales’ first investment, CGF Crown Cork Manufacturing, was recently listed among the 200 top taxpayers in Ethiopia.

In September 2020, CGF Crown Cork was honored as one of the top 200 most loyal companies and highest taxpayers in Ethiopia by the Ethiopian Ministry of Revenue.

With a production capacity of 8 million crown cork caps per day, CGF Crown Cork Manufacturing is the leading packaging supplier for the beverage industry in Ethiopia. The company was established by Mr. Girmay Ferede in 2004 and as of June 2020, has a total workforce of 77 people. The majority of CGF’s buyers are multinationals operating in the beverage market in Ethiopia such as Coca Cola, Pepsi, and Heineken. Zoscales Partners invested in CGF Crown Cork in 2018 and holds a significant minority share in the company.