Vakayi Capital

Vakayi Capital is a private equity firm based in Harare, Zimbabwe, founded in 2016. It focuses on investing in small and medium-sized enterprises that provide essential services in sectors such as healthcare, clean energy, housing, and education. The firm targets businesses with proven models and strong growth potential, aiming to create jobs and positively impact the lives of low-income individuals in Zimbabwe, where the per capita GDP is approximately $1,000. Vakayi Capital employs a strategy of making loan investments, which may include an option to convert some of these loans to equity, with an average investment duration of four years. As the only fund in Zimbabwe dedicated to supporting small businesses, Vakayi Capital leverages its team's extensive experience and network to identify and capitalize on robust investment opportunities.

Patrick Makanza

Partner, Investment Committee Member and Chief Investment Officer

Chai Musoni

Co-Founding Partner and CEO

1 past transactions

Homelux

Venture Round in 2017
Homelux Property Development (Pvt) Ltd, founded in 2006 and based in Eastlea, Zimbabwe, is a prominent player in the country's property development sector. The company specializes in the development of housing and apartment projects, focusing on market-driven real estate solutions. In addition to residential construction, Homelux provides a range of services, including leasing, buying and selling homes, and rental properties. Recently, the company has announced plans to utilize its funds for the development of residential stands in the Tynwald suburb area of Harare, further enhancing its commitment to meeting the housing needs in Zimbabwe.
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