Prospero was established in 2014 as a Special Purpose Vehicle to implement SME investment activities under the first phase of the Private Enterprise Programme Zambia (PEPZ), a private sector development program funded by UKAid.
From 2020, Prospero assumed responsibility for the implementation of the second phase of the PEPZ programme (PEPZ 2). PEPZ 2 is due to run until 2026 under a funding agreement with UKaid.
Prospero is a not-for-profit company limited by guarantee with an independent Board of Directors (one director represents our funders). We employ some 30 people at our offices in central Lusaka.