We take a more in-depth take a look at 5 Zambian personal fairness offers as featured in our sister publication, Africa Non-public Fairness Information’ Dealmaker’s Log – a database of reported funding offers, exits, and fundraising closes. Subscribe to this service here
1. Affirma Capital leads $145m deal for Zambia’s Copperbelt Vitality Company
Affirma Capital (previously Commonplace Chartered Non-public Fairness) has led a $145 million funding into Copperbelt Vitality Company (CEC) in an important single-asset continuation deal in Africa.
The personal fairness agency initially invested in CEC in March 2014 by way of a structured fairness funding backing the corporate’s controlling shareholder. In March 2018, Affirma Capital transformed its funding right into a 34.64% shareholding in CEC.
CEC is an unbiased energy transmission and distribution firm in Zambia and is listed on the Lusaka Securities Trade. Read the full article
2. Goodwell Investments backs Zambia’s Good Nature Agro
Goodwell Investments has joined forces with affect investing cooperative Oikocredit and World Partnerships/Eleos Social Enterprise Fund to offer $8.5 million in fairness to Zambian enterprise Good Nature Agro (GNA).
GNA at present helps about 30,000 southern African smallholder farmers in rising drought-resistant, early-maturing legume seed varieties, together with beans, cowpeas, soya beans and groundnuts.
Goodwell first invested in GNA in 2020 by way of its uMunthu I fund. Read the full article
3. Enko Capital exits Zambian firm to South Africa’s Mergence
Enko Capital Managers, managers of the Enko Africa Non-public Fairness Fund (EAPEF), has exited its funding in Madison Monetary Providers, an insurance coverage and microfinance companies group in Zambia.
EAPEF’s exit of Madison is by the use of the sale of its complete fairness and debt investments within the firm to subsidiaries of Mergence Funding Managers, a Cape City-based asset supervisor of a number of funds spanning specialist fairness, fastened earnings, multi-asset, infrastructure, debt, and personal fairness funds. Read the full article
4. Renew Capital invests in on-line market for constructing supplies
Renew Capital has introduced an funding in Zambia-based Bosso Africa.
The shortage of inexpensive housing for tens of millions of individuals in Africa is a urgent difficulty, however Bosso Africa is looking for to vary that. The Zambia-based firm gives an internet market that streamlines the sourcing of constructing supplies for {hardware} shops, building corporations and particular person builders. Read the full article
5. Alitheia IDF leads $8.25m funding in Lupiya
Zambian neobank Lupiya has secured $8.25 million in a Sequence A seed funding spherical. The fundraising was led by Alitheia IDF Fund, with further participation from INOKS Capital and Germany’s KfW DEG.
Lupiya’s major mission is to bridge the financial inclusion hole by providing easy-to-use, technology-driven monetary options to the unbanked and underbanked populations in Zambia. Read the full article