Project detail - ZOSCALES FUND I LP

ZOSCALES FUND I LP

Status: Approved investment
Back to map

Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

In case of questions

In case of questions, please contact us at disclosure@fmo.nl

Disclaimer

The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Zoscales is a single country Ethiopia equity fund based in Addis Ababa.

What is our funding objective?

The Fund provides scarce growth capital to Small and Medium-sized Enterprises (SMEs) in Ethiopia.

Why do we fund this investment?

Ethiopia is the world's tenth poorest country with a nascent/underdeveloped private equity market. The Zoscales Fund I LP will have a minimum First Close size of USD 35 million, while it aims to reach a Final Close size of USD 75 million. The Fund has been able to close during times of uncertainty in Ethiopia.

Website customer/investment
http://www.zoscales.com/
Region
Africa
Country
Ethiopia
Sector
Infrastructure, Manufacturing and Services
Effective date
12/16/2016
Total FMO financing
USD 7.00 MLN
Funding
MASSIF
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B