Zoscales I (IFC-41435)

Countries
  • Ethiopia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 15, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
ZOSCALES PARTNERS PLC
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 27, 2019

Disclosed by Bank Aug 14, 2018


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Project Description

Zoscales Fund, L.P. (“Zoscales” or “the Fund”) is a 10-year closed-end generalist private equity fund targeting to invest in small and medium enterprises (“SMEs”) primarily in Ethiopia, and opportunistically in the rest of East Africa. The Fund is seeking to raise US$75 million in total capital commitments. The project will be supported by the IFC. Additionally, the Blended Finance Facility of the IDA18 IFC-MIGA Private Sector Window (PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states will co-invest with the IFC. The Blended Finance Facility will help the SME-Ventures funds attract more private sector investors and reach more SMEs.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • Zoscales Partners -- Financial Intermediary

Zoscales Fund, L.P. (“Zoscales” or “the Fund”) is a 10-year closed-end generalist private equity fund targeting to invest in small and medium enterprises (“SMEs”) primarily in Ethiopia, and opportunistically in the rest of East Africa.

Contact Information

Zoscales Partners
Ashenafi Alemu
Managing Partner
+251 912 620 159
aa@zoscales.com
Cape Verde St, Addis Ababa, Ethiopia
www.zoscales.com

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