Takura II

Southern Africa,Africa Construction and real estate, Food and agriculture, Manufacturing, Financial services, Other consumer services, Health, Education

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.

The Takura II fund focuses on scalable businesses in the agro-processing, FMCG, retail, healthcare, pharmaceuticals, real estate and business services sectors.

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
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Mozambique, Zimbabwe
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.

:
Construction and real estate, Education, Financial services, Food and agriculture, Health, Manufacturing, Other consumer services
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 CDC committed capital to the business or project.

For funds, this is the date that CDC 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 CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC 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
Agricom

Agricom is a Zimbabwe-based specialist supplier of bulk and pre-packed dry protein.

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Zimbabwe Africa, East Africa Food and agriculture March 2014 Active
Montana Meats (Pvt) Ltd

Montana Meats is Zimbabwe's largest beef producer, wholesaler and retailer by volume and sales.

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Zimbabwe Africa, East Africa Food and agriculture March 2014 Active
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.

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Mozambique Africa, East Africa Food and agriculture July 2014 Active
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.

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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.

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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.

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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.

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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.

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Zimbabwe Africa, East Africa Food and agriculture September 2015 Active
African Century Real Estate

Northern Mozambican-focused property development company.

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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.

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Zimbabwe Africa, East Africa Manufacturing August 2016 Active
Cailomarketing Services August 2016 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