Job creation, affordable healthcare, clean water, and climate action. Zoscales Partners records tremendous progress in identifying, creating, and measuring impact in its 2021 Impact Report.
Since its founding in 2014, Zoscales Partners has not only delivered competitive financial returns but has generated measurable impact and contributed to sustainable economic growth and quality job creation in East Africa – a region characterised by many high-growth, high-impact investment opportunities. Via its portfolio investments local SMEs, the firm has created more than 800 quality jobs across Ethiopia and Kenya since 2018, invested USD 15m in healthcare expansion, supported quality education and secured clean water for local communities.
“Impact is at the heart of what we do at Zoscales Partners. It is not only part of what we do. It is also a very important part of who we are.” says Jacop B. Rentschler, Co-Founder and Managing Partner of Zoscales Partners.
Zoscales Partners’ key impact achievements in 2021 include:
337 quality jobs created across East Africa all of which were given health and accident insurance cover
3,551 scans provided with discount to low-income patients in Ethiopia
500 farmers with a combined 20,000 herd of cattle supported with access to clean water
58% women in the portfolio workforce, up from 55% in 2020
$12.9 million invested in healthcare expansion in East Africa
110,732 fresh graduates linked to job opportunities
2,000 trees planted across three portfolio companies’ communities
“Despite the Covid-19 crises and other extreme challenges we faced in 2021, we strengthened our core business. But we also never lost sight of our responsibility towards our communities. We took actions that fight climate change, secure clean water, and support affordable healthcare.” says Ashenafi Alemu, Co-Founder and Managing Partner.
For more information, please send an email to info@zoscales.com.
About Zoscales Partners
Witnessing the high growth potential of local small- and medium-sized enterprises across East Africa, Zoscales Partners was founded in 2014 to give international investors access to the rapidly growing East African markets that offer a wide range of investment opportunities. With local offices in Ethiopia and Kenya, Zoscales combines its international investment experience with its deep local knowledge and extensive network to deliver sustainable and long-term returns with positive impacts on society. Due to their growth potential and promising exit paths, Zoscales focuses on the consumer goods and healthcare sectors.
Zoscales has undertaken six private equity investments across Ethiopia and Kenya via Zoscales Fund I, a $75m fund launched in 2017 and backed by a mix of commercial investors and development financial institutions. Zoscales Fund II will launch in 2022.