Zoscales Fund I
BIO has given € 350 k of Technical Assistance to Zoscales Fund I, a PE fund targeting SMEs in East Africa.
Amount
€ 350,000.00
Type of investment
Subsidy
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
Zoscales Fund I is a private equity fund that targets to invest tickets of USD 3-8 M in SME that are based in Ethiopia (70%) or in the neighbouring East African countries of Kenya, Uganda, Tanzania, Rwanda and Djibouti.
The fund is sector agnostic with focus and experience in consumer goods, healthcare, materials and clean technology/renewable energy sectors.
Technical Assistance
The expected impact of the TA facility is, through the funding of specific TA missions at the Investees’ level, to support Zoscales’s portfolio companies to improve their economic performance & competitiveness as well as improve their sustainability practices.
Made possible through this investment
Africa Jobs Network
Ethiopia
Africa Jobs Network is an online employment search engine with head offices in Addis Ababa and Nairobi. The Company generates its revenue from job listing packages, recruitment services and consultancy & training. In addition, AJN provides personnel management and temporary workspace services for its clients.
Ahadukes Food Products
Ethiopia
Ahadukes Food Products S.C. is an affordable biscuit producing company that started production in 2015 targeting the regular segment of the biscuit market.
CGF Crown Cork Manufacturing
Ethiopia
Established in 2012, CGF Crown Cork Manufacturing PLC manufactures and supplies metal crown caps to the carbonated soft drinks and beer markets in Ethiopia.
Ethio-Asia Industries
Ethiopia
C.10.89 Manufacture of other food products n.e.c.
Founded in 1998, Ethio – Asian Industries S.C. is the first privately owned soap and detergent company in Ethiopia. The company manufactures and distributes a diverse portfolio of well-known bath soaps and laundry brands.
Pioneer Diagnostics Center
Ethiopia
Established in 2006, Pioneer Diagnostic Center is a forerunner in quality imaging diagnostic services in Ethiopia. PDC operates from four centers in Addis Ababa and one center in upcountry market.
Premier Hospital Limited
Kenya
Hospital Activities
View more of our investments in this region
Financial Institutions
Coris Holding
20,000,000.00
Benin, Burkina Faso, Chad, Côte d'Ivoire, Guinea, Guinea-Bissau, Mali, Niger, Senegal, Togo
01/10/2025
Equity
