This investment was made when British International Investment was named CDC Group.
Our investment
CDC made its first investment of $15.0 million in Takura II in 2013. In 2016 we committed an additional $7.5 million to the fund as part of a $25 million rights issue, which boosted the size of the fund from $50 million to $75 million. The fund looks to make investments of between $3 million to $7 million. Our investment will provide a much-needed pipeline of finance for businesses that are key to Zimbabwe’s economic recovery and the economic resurgence in the SADC.
Expected impact
Over the past few years, Zimbabwe’s economy has been starved of capital and lack of finance is one of the biggest constraints that businesses face.
Our investment enables the fund manager to make investments in small- and medium-sized enterprises in key sectors that, in turn, create direct and indirect jobs.
It also helps to generate government revenue, supporting the country’s nascent recovery. The fund manager also provides valuable intellectual capital, particularly in finance and reporting, as well as governance frameworks to support investee companies.
Environmental and social aspects
The fund manager has a well-established approach to environmental and social management and we will continue to support and monitor its approach as the portfolio grows.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, Southern Africa
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.
- Communications and IT Services, Construction and real estate, Education, Financial services, Food and agriculture, Health, Manufacturing, Other consumer services
- Website:
- www.takuracapital.com
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Takura Capital Partners
- Start date
:
For direct investments, this is the date British International Investment committed capital to the business or project.
For funds, this is the date that British International Investment committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- September 2013
- Amount
:
For direct investments, this is the total amount that British International Investment has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that British International Investment has committed to the fund.
- $22.5m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- South Africa
Investments made by this fund
- Active
- Exited
| Investment name | Country | Region | Sector | Start date | Status |
|---|---|---|---|---|---|
|
Montana Meats (Pvt) Ltd
Montana Meats is Zimbabwe's largest beef producer, wholesaler and retailer by volume and sales. |
Zimbabwe | Africa, East Africa | Food and agriculture | March 2014 | Active |
|
Agricom
Agricom is a Zimbabwe-based specialist supplier of bulk and pre-packed dry protein. |
Zimbabwe | Africa, East Africa | Food and agriculture | March 2014 | Exited |
|
Sinopse Holdings Limited (Food Lover’s Market)
Food Lover's Market is a specialist retailer of high quality food which began operations in 1993 in South Africa. It currently has a portfolio of 200 stores, including 3 stores in Zimbabwe. |
Mozambique | Africa, East Africa | Food and agriculture | July 2014 | Exited |
|
Introwise
Introwise is the second largest food catering and site facilities company in Zimbabwe which started operations in 2009. It serves a number of blue-chip customers including mining and tobacco companies. |
Zimbabwe | Africa, East Africa | Other consumer services | August 2014 | Active |
|
Medical Investments Limited
This is a Zimbabwe-based healthcare services public company and is the market leader. |
Zimbabwe | Africa, East Africa | Health | September 2014 | Active |
|
Talwant Trading (Pvt) Ltd
Talwant Trading (Pvt) Ltd was founded in 2009 and is the master territorial franchisee for Fruit and Veg City Africa International and its brands, the most well-known of which is Food Lover’s Market for Zimbabwe. The company has six stores in Harare and Bulawayo. |
Zimbabwe | Africa, East Africa | Food and agriculture | February 2015 | Active |
|
Lobels Holdings (Pvt) Ltd
Lobels Holdings (Pvt) Ltd has been manufacturing and distributing bread and other confectionaries from two factories in Harare and Bulawayo since 1957. |
Zimbabwe | Africa, East Africa | Food and agriculture | March 2015 | Active |
|
Cairns Holdings
Cairns Holdings is a manufacturer and distributor of food products, beverages and wines. |
Zimbabwe | Africa, East Africa | Food and agriculture | September 2015 | Active |
|
African Century Real Estate
Northern Mozambican-focused property development company. |
Mozambique | Africa, East Africa | Construction and real estate | November 2015 | Active |
|
Cailogistics
Cailogistics was established as an opportunity to rationalise distribution across Lobels Holdings and Cairns Holdings and to deliver cost savings for both companies. |
Zimbabwe | Africa, East Africa | Manufacturing | August 2016 | Active |
| Cailomarketing Services | Zimbabwe | Africa, East Africa | Other consumer services | August 2016 | Active |
| NH 263 | Zimbabwe | Africa, East Africa | Communications and IT Services | July 2017 | Active |
| Capital Factor | Zimbabwe | Africa, East Africa | Financial services | September 2017 | Active |
| Oak Ed (PVT) Ltd and Vantage Properties (PVT) Ltd | Zimbabwe | Africa, East Africa | Education | November 2017 | Active |
| Plaza Bread (Pvt) Ltd | Zimbabwe | Africa, East Africa | Food and agriculture | November 2017 | Active |
