Original disclosure @ FMO website
Updated in EWS Apr 9, 2018
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WHO IS OUR CLIENT
Zoscales is a single country Ethiopia equity fund based in Addis Ababa.
The Fund provides scarce growth capital to Small and Medium-sized Enterprises (SMEs) in Ethiopia.
WHY WE FUND THIS PROJECT
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.
+27 11 507 2500
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism.