Capital Finance International (CFI.co) has awarded Zoscales Partners with a prize for Best Sustainable Investment Strategy East Africa 2020. CFI.co explains why they chose Zoscales Partners as recipients of the award:
“Zoscales Partners, based in Addis Ababa, has crafted win-win solutions with its impact investment. It launched a $75m fund three years ago which has since created some 300 jobs in East Africa. A second fund is expected for 2020, and the firm anticipated another 800 jobs will be created. The private equity manager ensures profit-seeking never comes at the expense of positive outcomes for society.”
Founding partners of Zoscales, Ashenafi Alemu and Jacop Rentschler are proud to receive this international recognition.
“It is always great to get recognition for our work, but we are especially proud of this award as it recognizes our sustainable strategy. Furthermore, we were voted best sustainable strategy among all asset classes in East Africa, not just private equity,” says Jacop Rentschler.
CFI.co also recognizes the growth potential of East Africa in their statement.
“East Africa offers the convergence of healthy economies and a wealth of skilled workers, and strong corporate governance ensures investor protection. Fair taxation schemes support FDI, and the Zoscales portfolio includes the consumer goods, healthcare and materials sectors. The firm focuses on these core industries for their growth potential (projected at over 15 percent CAGR) and promising exit paths: trade sales and secondary buyouts.”
Each year, CFI.co seeks out individuals and organizations that contribute significantly to the convergence of economies and truly add value for all stakeholders. You can read more about the Zoscales award on the CFI.co website here.
In December 2019, Zoscales received an award as the Best East African Fund Manager of the Year by SuperReturn, a contest that recognizes private capital fund managers across several categories.