Kukula Capital

Kukula Capital is an impact investment firm based in Lusaka, Zambia, established in 2009 through a joint venture between Danish and Zambian partners. The company specializes in venture finance and private equity, focusing on small and growing businesses in Zambia. It operates primarily in two areas: Fund Management and Advisory. Kukula Capital manages two venture funds, which provide capital and expertise to Zambian growth companies, aiming to build a diversified investment portfolio that delivers both financial and social returns. With offices in Lusaka and Solwezi, the firm leverages its strong local network and understanding to identify companies with promising long-term growth potential. Additionally, Kukula Capital offers advisory services that facilitate investments alongside their funds and assist international companies in entering the Zambian market. The firm's name, "Kukula," signifies growth in local dialects, reflecting its commitment to fostering economic development in the region. Kukula Capital is regulated by the Securities and Exchange Commission of Zambia.

Tue Nyboe Andersen

Managing Partner

Niels Bojsen

Co-Founder and Managing Director

Jito Kayumba

Partner

Past deals in Zambia

Inde Credit

Seed Round in 2018
Inde Credit is a financial services company focused on supporting small and medium-sized enterprises (SMEs) in Zambia, particularly within the mining and transportation sectors. It specializes in providing working capital financing services designed to help local suppliers unlock their potential. Inde Credit acts as a trusted partner, offering a comprehensive range of business finance solutions that include financial planning, accounting software, and templates for operational efficiency. Additionally, the company equips its clients with resources to calculate return on investment and other financial metrics, empowering them to make informed decisions and pursue growth opportunities.

Bresmar Building Materails

Seed Round in 2015
BBM supplies building materials, such as sand and cement, to customers in North-Western province in Zambia.

More Beef

Venture Round in 2012
More Beef processes, produces, and supplies sausages and cold meats to stores and restaurants in Zambia.
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