British International Investment

Takura III

ZimbabweAfricaFood & AgricultureInfrastructureManufacturing

Private equity fund investing in private enterprises across SADC (Excluding South Africa) focusing on Zimbabwe. It is the successor fund to Takura Fund II.

This investment was made when British International Investment was named CDC Group.

Our investment

Description of the investment.

Harare-based Takura Capital Partners is an investment holding company established in 1997 to invest in Zimbabwe. It has now evolved into a Zimbabwean-focused firm which invests in other South African Development Community (SADC) countries outside of South Africa. Takura Capital invests across different sectors and business life cycles, employing equity, debt, structured and self-liquidating instruments to provide funding for expansion.

Expected impact

Expected impact of investments made between 2012 and 2018. From 2019 onwards, we have published a fuller set of impact information, assessing each investment against six dimensions of impact.

CDC is providing a capital injection into the Zimbabwean economy by investing in Takura III to stimulate sustainable long-term business growth and create quality jobs. The fund supports the development of the private equity market in Zimbabwe by having an important demonstration effect.

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at [email protected]

  • Key facts

    Last updated

    When the last quarterly update of the website database occurred.

    :
    March 2024
    Project number

    An identifier number shared by investments in the same project.

    :
    D3449
    Status

    The current status of the investment (green flag for active and red flag for exited).

    :
    Active
    Region

    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    :
    Africa
    Sector

    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    :
    Food & Agriculture, Infrastructure, Manufacturing

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment type :
    Fund
    Start date :
    December 2018
    Amount :
    $25m
    Currency of investment :
    USD
    Fund Manager:
    Takura Capital
    Domicile

    The company or investment fund’s place of incorporation.

    :
    South Africa

Investments made by this fund into companies:

For further information about these companies, visit www.takuracapital.com

Investment name Country Region Sector Start date Status
Amalgamated Brands Zimbabwe Southern Africa Food & Agriculture April 2022 Active
Davis Granite (Private) Ltd Zimbabwe Southern Africa Infrastructure November 2023 Active
GrainCo Zimbabwe Southern Africa Food & Agriculture December 2019 Active
Manica Boards and Doors PVT Ltd Zimbabwe Southern Africa Manufacturing June 2019 Active
Radar Holdings LTD Zimbabwe Southern Africa Manufacturing April 2020 Active
Starafrica Zimbabwe Southern Africa Food & Agriculture September 2021 Active

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