Job creation, better employment terms, improved diversity, and more clean water supply
At Zoscales Partners, we are committed to delivering on key SDGs and to adhering to strict ESG criteria as a part of our investment origination, monitoring, and execution. Although 2020 turned out to be a very challenging year for global health and financial goals, our efforts bore fruit as our companies proved resilient.
In 2020, some of our achievements include:
125 new jobs created in Ethiopia.
373 workers newly covered by healthcare and accident policies, and 219 newly covered by labour unions.
55% female employees across our portfolio (from 37% the previous year).
150 households supplied with clean water in Addis Ababa and Bishoftu.
1,550 trees planted across three companies’ sites and communities.
10,432 patients served with CT scan and 5,812 patients provided with ultrasound services via Zoscales’ investment in Pioneer Diagnostics Center.
16 health trainings provided for workers: 10 trainings on Covid-19 awareness and prevention, three trainings on Infection Prevention and Control (IPC), and three trainings on first aid and CPR.
11,735 jobseekers linked to employment opportunities through Africa Jobs Networks.
50,000 people using soap for the first time.
1,000 4g-enabled tables donated to support the effort of the Ethiopian Public Health Institute in spearheading the national response system to the Covid-19 pandemic.
“We have always believed that we are in the right geography to deliver impact without compromising financial goals. This is now proven because we achieved such impact in this most challenging year.” says Ashenafi Alemu, Managing Partner and co-founder of Zoscales Partners.
This year, our ESG and impact approach was validated by international partners like IFC and BIO, who supported us through technical assistance.
About Zoscales Partners
Zoscales Partners invests in private equity with impact. Since Fund I (USD 75m) inception in 2017, Environment, Social and Governance (ESG) issues have been an integral part of Zoscales’ investment process, and they have always had an impact objective in the companies they invest in. Not only are they motivated to invest in the improvement of life and environment for the people of East Africa, but they believe that ESG and impact is a potential source of alpha creation as well as protector of downside risk. ZP has been awarded "East African Fund Manager of 2019" by SuperReturn and "Best Sustainable Investment Strategy East Africa 2020" by CFI.
If you wish to receive the Zoscales Fund I 2020 Impact Report, please email us at info@zoscales.com.
