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Venture Capital

Advisory

Corporate Finance

Venture Capital

Advisory

Corporate Finance

Kukula fund 1

Kukula Capital is a leading venture finance and private equity firm in Zambia. The company operates under two main business areas: Fund Management and Advisory. We act as fund manager to our two venture funds: Kukula Fund I and Kukula Seed Fund. Through the funds, Kukula Capital invests in Zambian growth companies with capital and expertise.

With offices in Lusaka and Solwezi we have a strong local understanding and network which enables Kukula to identify companies with attractive long-term growth prospects, securing a strong deal flow. Our aim is to build a diversified portfolio of investments and provide exceptional financial and social returns for our investors whilst creating long-term value for the portfolio companies. Kukula Capital is a Joint Venture between Danish and Zambian partners and was founded in 2009. The company is regulated by the Securities and Exchange Commission of Zambia.

Portfolio Companies:

Kukula Seed Fund

Kukula Seed Fund was established in January 2013. Its purpose is to finance early stage growth investments with particular focus on businesses supplying the mining industry in the North Western of Zambia.

Target companies are start-ups and early stage companies with an investment range of USD 100k to USD 500k. The main type of financing is equity and mezzanine capital.

Market Entry

Zambia has continued to be an attractive investment destination for foreign direct investment (FDI). Investors require sufficient intelligence before entering the Zambian market. Additionally, once their entry decision is made, they require assistance in managing a “soft” landing.

Our market entry advisory services include market studies, market intelligence, partner identification, M&A advisory, company setup and secretarial services.

 

Kukula has facilitated the successful entry of numerous companies from Denmark, South Africa, USA and Canada.

Regulatory Advisory

Our competence and experience in advocacy and government relations enables us to guide investors through the complex socio-political setting of Zambia.

Our knowledge of Zambia’s regulatory system enables us to provide advice relating to compliance as we guide investors in the expedition of government clearance with the relevant statutory institutions.

Our experience and competence lay in infrastructure, agriculture, financial services, environmental, tax, labour, immigration, regulatory permits, licences and corporate relationship management with the Zambian Government

Kukula prides itself in having the highest standards of ethics and has a zero tolerance policy to any form of corrupt practices.

 

Energy Sector Advisory

The energy sector has enormous potential to not only transform and grow the Zambian economy, but to generate high returns for investors. The power deficit, along with the demand for power has continued to grow thus presenting a clear opportunity.

Our energy sector advisory includes the following:

  1. Information Memoranda and Corporate Finance Advisory
  2. Concession acquisition
  3. Market studies/Commercial DD
  4. Power Purchase Agreements (PPA)
  5. Government clearances

Corporate Finance Advisory

Kukula provides comprehensive corporate finance services in relation to corporate transactions, such as preparation of data room, company valuations etc.

Kukula markets issuances of debt and equity and provides mergers and acquisitions advisory.

Kukula is involved in several real estate projects sourcing investors and working closely with construction and management of developments.

Our former clients include:

Recent Clients:

Team

Our Team

Board of Directors

Tue Andersen

Managing Partner


Profile

Tue Nyboe Andersen is co-founder of Kukula Capital and has been heading up the company since its establishment in 2009. Previously he worked as an analyst in Lundbeckfonden, a large Danish institutional investor as well as an independent consultant. Within Kukula Capital, Tue is mainly focused on Kukula Fund I and corporate finance advisory.

He holds a MSc in Economics from University of Copenhagen, Denmark and Harvard University, USA, specialized in emerging market investments.

+260211295792

Jito Kayumba

Partner


Profile

Prior to joining the Kukula team, Jito lived in Montreal, Canada where he worked as a junior executive at a communications conglomerate. He then returned to Zambia and joined an Investment Advisory firm with a focus on Mining and Energy ventures.

Jito also manages the successful growth and strategy of a number of ventures where he holds directorships. Jito holds a BA in Political Science and Business from Concordia University (Montreal, Canada) and is an accredited Investment Advisor.

+260211295792

Niels Bojsen

Partner


Profile

Niels is one of the co-founders of Kukula Capital and has worked as a full team member since 2013. Previously, Niels was CEO and co-founder of  a Danish construction company and co-founder of Preseed, a Danish incubator company.

Niels holds a BSc in International Business from Copenhagen Business School, Denmark, and the European Business School, London, UK.

+260211295792

Chilufya Kangwa

Head of Accounts


Profile

Chilufya joined Kukula Capital as Head of Accounts in 2015. She is responsible for preparing accounts and for internal controls for Kukula Capital and associated companies. Prior to joining Kukula, she worked as a senior accountant for KPMG and had previously worked as an accountant for Ernst and Young. Chilufya is a member of the Association of Chartered Certified Accountants (ACCA) and Zambia Institute of Chartered Accountants (ZICA).

+260211295792

Steffen Tjerrild

Senior Associate


Profile

Steffen Tjerrild is a Senior Associate at Kukula Capital. Previously he worked as a Business Developer at Founders a Danish venture capital fund, funded by Kirkbi (Lego), William Demand & Bestseller. Steffen was also a co-founding partner of a consultancy company, developing tailor-made Microsoft Excel solutions and is the author of a book about budgets in Excel.

Steffen holds a Master of Science in Applied Economics & Finance from the Copenhagen Business School, Denmark and from Stanford University, USA.

+260211295792

Musopelo Mwanda

Senior Associate


Profile

Musopelo Mwanda is responsible for portfolio management, research, due diligence, sustainability reporting and assists with corporate finance activities in Kukula Capital. Musopelo also oversees CSR related projects within the fund. She is currently the Project Coordinator for the Human Rights and Business Project done in conjunction with the Danish Institute for Human Rights (DIHR).  Previously, Musopelo worked for an investment advisory firm and for the University of Adelaide, Australia.

Musopelo holds a Bachelor of Commerce Degree in Corporate Finance and an Honours Degree in Commerce specialising in International Business from the University of Adelaide.

+260211295792

Mikkel Mathiassen

Associate


Profile

Mikkel Mathiassen is an Associate at Kukula Capital and assists in various advisory and corporate finance assignments.

He has experience from working at Vertical Strategy, a Danish management consulting company, and at Nordea, the largest financial services group in the Nordic and Baltic region.

Mikkel holds a BSc in International Business and is pursuing an MSc in Finance and Strategic Management at Copenhagen Business School. He has academic experience from Denmark, US, Spain, India and Zambia.

+260211295 792

Nikolaj Kirkegaard

Associate


Profile

Nikolaj Kirkegaard is an Associate at Kukula Capital working with Corporate Finance and Advisory.

Before joining Kukula Capital Nikolaj worked with mergers and acquisitions at PricewaterhouseCoopers Limited (PwC) Deals and previously with a Danish e-commerce venture.

Nikolaj holds a BSc in Business Administration and Economics from Copenhagen Business School and is currently pursuing an MSc in Finance & Strategic Management from Copenhagen Business School.

+260211295 792

Lombe Muzala

Associate


Profile

Lombe Muzala is responsible for corporate finance assignments and assistance with fund management for Kukula Fund I and Kukula Seed Fund.

She is also responsible for conducting research and is currently assisting with the Human rights and business project which is being done in conjunction with the Danish Institute for Human Rights(DIHR).

Prior to this role, Lombe worked as a corporate Bank Analyst for Citibank Zambia Limited where she provided assistance in managing the company’s Mining and Mining Services Clients.

She Holds a Bachelor’s Degree of Arts in Economics from the University of Zambia.

+260211295792

Miraj Desai

Associate


Profile

Miraj Desai is responsible for corporate finance assignments and assistance with fund management for Kukula Fund I and Kukula Seed Fund.

Prior to this role, Miraj has worked in business development roles for various start-ups in the United States and at one of the leading micro-finance institutions in Zambia.

Miraj holds a Bachelor of Business Administration in Banking and Finance and a Bachelor of Business Administration in Management Information Systems both from the University of Georgia, USA.

+260211295792

Siphiwe Moyo Konsolo

Administration & Compliance


Profile

Siphiwe Moyo Konsolo’s responsibilities at Kukula mainly include attending to compliance issues, administrative activities and organizational tasks for Kukula Capital, Bresmar Building Materials and Kukula Seed Fund. Prior to joining Kukula Capital, Siphiwe worked as a secretary for a construction company and in both positions, her superior skills in defining administrative needs and communicating data management plans have led to a successful record of delivering insightful workplace solutions that takes into account office management and administrative support concerns. Siphiwe has a BSc. in Natural Resource and Environmental Management from The University of Zambia and is currently pursuing Masters in Business Administration from Copperbelt University.

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Martin Sampa

Accountant


Profile

Martin joined Kukula Capital as an Accountant in 2016. He is responsible for preparing accounts and for monitoring internal controls for Kukula Capital and associated companies. Prior to joining Kukula, he worked as an Accounts Assistant for BDO Zambia and had previously worked as an Assistant Accountant for E.Minja and Company Chartered Accountants. Martin is a member of the Association of Chartered Certified Accountants (ACCA) and Zambia Institute of Chartered Accountants (ZICA).

+260211295792

Nchawaka Ng'uni

Executive Assistant


Profile

Nchawaka joined Kukula in 2014 and has over four years experience in Marketing and Administration having worked for  organisations in the motor and car hire industry. Nchawaka is responsible for all secretarial duties in Kukula and assists with regulatory applications and relevant statutory submissions. Nchwaka has a marketing qualification under the Chartered Institute of Marketing.

+260211295792

Daniel J. Bertelsen

Associate


Profile

Daniel comes from a background as junior analyst in the most well-known Venture Capital fund in Denmark, SEED Capital. He has a strong interest in the tech startup environment which enables him to understand the newest and most innovative business models and trends. Daniel has spent time working with startups both in New York City and Copenhagen.

Daniel has a BSc Economics and Business Administration and is currently finishing his MSc. International Business at Copenhagen Business School.

+260211295792

Tue Andersen

Managing Partner

Tel: +260211295792

Email: tna@kukulacapital.com

Jito Kayumba

Partner

Tel: +260211295792

Email: jk@kukulacapital.com

Niels Bojsen

Partner

Tel: +260211295792

Email: nb@kukulacapital.com

Chilufya Kangwa

Head of Accounts

Tel: +260211295792

Email: ck@kukulacapital.com

Steffen Tjerrild

Senior Associate

Tel: +260211295792

Email: stj@kukulacapital.com

Musopelo Mwanda

Senior Associate

Tel: +260211295792

Email: mm@kukulacapital.com

Mikkel Mathiassen

Associate

Tel: +260211295 792

Email: mma@kukulacapital.com

Nikolaj Kirkegaard

Associate

Tel: +260211295 792

Email: nk@kukulacapital.com

Lombe Muzala

Associate

Tel: +260211295792

Email: lm@kukulacapital.com

Miraj Desai

Associate

Tel: +260211295792

Email: md@kukulacapital.com

Siphiwe Moyo Konsolo

Administration & Compliance

Tel: +260211295792

Email: sm@kukulacapital.com

Martin Sampa

Accountant

Tel: +260211295792

Email: smm@kukulacapital.com

Nchawaka Ng'uni

Executive Assistant

Tel: +260211295792

Email: nn@kukulacapital.com

Daniel J. Bertelsen

Associate

Tel: +260211295792

Email: db@kukulacapital.com

Peter Mutale Kang'ombe

Chairman


Profile

Peter Kang’ombe has over twenty years of professional experience in the field of project and financial management and accounting in Zambia and the UK. He is a Fellow of Chartered Association of Certified Accountants (UK), Fellow of Zambian Institute of Certified Accountants and holds a Bachelor of Science degree from the University of Zambia. He is also a registered securities broker and registered representative in Zambia, and received training in Privatisation Management at the International Development Training Institute in Washington DC.

In 1993, he established a consulting firm (PMK Investment Management Limited) in Zambia, focussing on private sector development through participation in the formulation of business strategies, drafting business plans, enterprise and industry analysis, feasibility studies, programme evaluation, economic analysis for small businesses. He has extensive hands-on-experience in project management and financial analysis for SMEs and small-scale gemstone miners.

Prior to consulting, Mr. Kang’ombe was one of the pioneers of the privatisation programme in Zambia, having headed the Business Analysis Division of the agency, a unit responsible for to manage privatisation transactions.

+260211295792

Tue Nyboe Andersen

Board Member


Profile

Tue Nyboe Andersen is co-founder of Kukula Capital and has been heading up the company since its establishment in 2009. Previously he worked as an analyst in Lundbeckfonden, a large Danish institutional investor as well as an independent consultant. Within Kukula Capital, Tue is mainly focused on Kukula Fund I and corporate finance advisory.

He holds a MSc in Economics from University of Copenhagen, Denmark and Harvard University, USA, specialized in emerging market investments.

+260211295792

Niels Bojsen

Board Member


Profile

Niels is one of the co-founders of Kukula Capital and has worked as a full team member since 2013. Previously, Niels was CEO and co-founder of  a Danish construction company and co-founder of Preseed, a Danish incubator company.

Niels holds a BSc in International Business from Copenhagen Business School, Denmark, and the European Business School, London, UK.

+260211295792

Alex Holm Jensen

Board Member


Profile

Alex Holm Jensen is a shareholder in Kukula Capital through AHJ Aarhus Holding Aps, a privately held investment company with investments in several African countries. He is co-owner and Chairman of Systematic A/S a Danish software development company delivering mission critical systems and services to the defense, healthcare and public services. Alex Holm Jensen holds a MSc in Economics from University of Aarhus, Denmark.

Jesper Wadum

Board Member


Profile

Jesper Wadum Nielsen is co-founder and partner at BWB Partners (previously Odin Equity) a Danish Private equity fund with a capital commitment of EUR 350 mill. Prior to founding BWB Partners in 2005, Jesper was a Partner in Polaris Private Equity.

Prior to this Jesper worked for McKinsey & Co advising international clients on M&A and corporate strategy. Jesper is a member of the Board and the Investment Committees of the largest venture fund in Botswana, VPB, and its sister fund in Namibia,

Jesper holds a M.Sc. degree in Economics and Business Administration from Aarhus Business School and University of Technology, Sydney.

Peter Mutale Kang'ombe

Chairman

Tel: +260211295792

Email: pmk@kukulacapital.com

Tue Nyboe Andersen

Board Member

Tel: +260211295792

Email: tna@kukulacapital.com

Niels Bojsen

Board Member

Tel: +260211295792

Email: nb@kukulacapital.com

Alex Holm Jensen

Board Member

Tel:

Email:

Jesper Wadum

Board Member

Tel:

Email:

About

Kukula

Zambia

Kukula Values



Our Company

Kukula Capital is a leading venture finance and private equity firm in Zambia. The company operates under two main business areas: Fund Management and Advisory. We act as fund manager to our two venture funds: Kukula Fund I and Kukula Seed Fund. Through the funds, Kukula Capital invests in Zambian growth companies with capital and expertise.

With offices in Lusaka and Solwezi we have a strong local understanding and network which enables Kukula to identify companies with attractive long-term growth prospects, securing a strong deal flow. Our aim is to build a diversified portfolio of investments and provide exceptional financial and social returns for our investors whilst creating long-term value for the portfolio companies. Through our advisory services, we enable investors to invest alongside Kukula Fund investments and allow international companies to penetrate the Zambian market.

The name Kukula is associated with growth in the local dialects of Zambia. Kukula Capital is a Joint Venture between Danish and Zambian partners and was founded in 2009. The company is regulated by the Securities and Exchange Commission of Zambia

Kukula Facts

Founded 2009

Debt and Equity financing

Number of private equity investments: 6

Jobs created: 170

Only Private Equity fund domiciled in Zambia

Number of exits: 1

Investments guided by Environmental, Social and Governance factors

About Zambia

The country is populated by 14 million people in a country with vast natural resources. Zambia further boasts a growing copper mining industry, fertile soil that can be harvested twice a year, and a rising middle class. With an estimated real GDP growth in 2012 of 7.3%, the country is one of the fastest growing economies in the world. A young and growing population also characterizes Zambia with 66% being below 24 years old.

Zambia is uniquely positioned as an expanding economy with a stable democracy with first mover advantages and high profit margins in most sectors due to high, unserved demand and few local suppliers. There are especially large potential in the agriculture, manufacturing and service sectors.

Expected Average GDP growth (2011-2015)

1 - China: 9.5 %

2 - India: 8.2 %

3 - Ethiopia: 8.1 %

4 - Mozambique: 7.7 %

5 - Tanzania: 7.2 %

6 - Vietnam: 7.2 %

7 - Congo: 7.0 %

8 - Ghana: 7.0 %

9 - Zambia: 6.9 %

10 - Nigeria: 6.8 %

Investment Criteria

The investment decision at Kukula is governed by 3 fundamental values: active involvement, long-term value creation and social impact. We always strive to achieve these goals when investing in and working with our portfolio companies, as we believe the key to a successful investment from which both Kukula and the portfolio company benefits is a relationship built on trust and cooperation.

Active involvement
We believe that simply providing equity or loan facilities as a silent partner does not add significant value to the company or to the investors of the fund, which is why Kukula always strives to be an active partner with the companies that we invest in. We assist where we can add value, through financial advisory, reporting, strategic guidance and good corporate governance to make sure the managers of the company can focus on the operational side of the business.

Long-term value creation
Kukula Capital invests in companies with strong potential for long-term value creation. Through our active participation in the overall strategy of our portfolio companies, Kukula Capital seeks to make sure that the growth and value we add is not dependent on our future involvement, but is retained within the company providing a strong platform for future development.

Social impact
At Kukula Capital we strive to deliver the highest possible financial returns to our investors and doing so in a sustainable and responsible manner. We believe that factoring in the social impact of an investment is important as it provides for the community and helps develop Zambia further. We will always favor investments that promises a high level of sustainable job creation and are environmentally sound while avoiding companies that produce harmful products.

Criteria in short

Business plan

Historical audited financial statements

Proven business model

News

Kukula and Nordekon host business delegation from Denmark


 

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Kukula advises entrepreneurs


Kukula advises Zambia entrepreneurs

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Kukula speaks for private equity in Africa at ADF

UNECA


http://www.uneca.org/sites/default/files/uploaded-documents/ADF/ADF9/adf_ix_speaker_a4lr.pdf

 

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Kukula Invests in Dot Com Zambia

ICT investment


Kukula Capital (“Kukula”), a leading Zambian venture capital investor, and eVentures Africa Fund (“eVA”), a leading Dutch venture capital fund specializing in E-commerce in Africa, are pleased to announce the signing of a transaction with Dot Com Zambia, a growing e-commerce company headquartered in Lusaka, Zambia.

Kukula and eVA have jointly agreed to initially invest $500,000 / ZMK 5 Million in Dot Com Zambia structured as a combination of debt and equity. The investment will enable Dot Com Zambia to grow its existing e-commerce business and roll out its proprietary digital bus ticketing system across Zambia and, with Kukula’s and eVA’s network, begin further piloting across the Southern African region.

eVentures Africa Fund was the first venture capital fund to invest in African technology driven companies nearly six years ago under the philosophy that it is African IT-engineers and tech-entrepreneurs that are best suited to deploy technology for African issues. In a statement from Amsterdam, Vincent Kouwenhoven. MD of eVA Fund says, “ Dot Com Zambia is led by one of the most inspiring young entrepreneurs we’ve met and the organization fits with eVA’s mandate to build world-class technology platforms for Africa.” He further added, “while many more of todays investors are looking for investment opportunities like Dot Com Zambia in the ‘major markets’, in Nigeria and Kenya, we are the first Tech fund investing in this space in Zambia. And we believe with this investment, a Zambian tech-entrepreneur can set the example for his country, for the Southern Region of Africa, and one day maybe, for the whole of Africa.”

Dot Com Zambia is an e-commerce company with two subsidiaries: Import Zambia is an e-commerce platform that allows Zambian customers to shop from local and international retailers. Book Now Zambia, which includes the Bus Tickets Zambia brand, is a technology platform that allows customers to reserve, pay and receive bus tickets electronically. Book Now Zambia has already signed contracts with some of the major Zambian bus operators who will use the technology to sell their tickets in a way that is both faster and smarter in addition to optimizing their operations. Dot Com Zambia is the fastest growing e-commerce company in Zambia with 18 employees and $741,000 in revenues in 2014. The company has been praised as a leading African technology company and, more recently, Harvard Business School named Dot Com Zambia’s bus ticketing system as Africa’s Best New Venture for 2015.

Speaking in Lusaka, Mawano Kambeu, founder and CEO of Dot Com Zambia, states, “This is the ultimate dream come true for any young entrepreneur, With eVA and Kukula on board, Dot Com Zambia has the expertise and financial muscle that will allow us to enhance our operations and grow faster to create value for our clients and the Zambian economy”
Kukula Capital are the only locally domiciled Venture Capital firm in Zambia and Dot Com Zambia becomes its seventh investment into a Zambian SME since its inception in 2010. Tue, Nyboe Andersen, MD of Kukula Capital further adds that “Dot Com Zambia is a clear strengthening of Kukula’s portfolio. What excites me about the transaction is that we are investing in a company that has the potential to scale rapidly on the basis of leading technology”

With the co-investment, the investors seek to combine Kukula’s local presence and operational expertise with eVA’s experience in building successful technology ventures to establish the operating processes and supporting technology that will allow Dot Com Zambia to grow profitably in Zambia and expand to other countries in Southern Africa. Dot Com Zambia’s progress to date shows that there is a growing demand for e-commerce products and services in Zambia and the capital injection will allow the company to accelerate its growth by improving the customer experience in its e-commerce division and roll out the ticketing system to bus operators who seek a more cost- and time-efficient way of issuing tickets and running their operations.

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Kukula and Nordekon host business delegation from Denmark


 

Close Article

Kukula advises entrepreneurs


Kukula advises Zambia entrepreneurs

Close Article

Kukula speaks for private equity in Africa at ADF

UNECA


http://www.uneca.org/sites/default/files/uploaded-documents/ADF/ADF9/adf_ix_speaker_a4lr.pdf

 

Close Article

Kukula Invests in Dot Com Zambia

ICT investment


Kukula Capital (“Kukula”), a leading Zambian venture capital investor, and eVentures Africa Fund (“eVA”), a leading Dutch venture capital fund specializing in E-commerce in Africa, are pleased to announce the signing of a transaction with Dot Com Zambia, a growing e-commerce company headquartered in Lusaka, Zambia.

Kukula and eVA have jointly agreed to initially invest $500,000 / ZMK 5 Million in Dot Com Zambia structured as a combination of debt and equity. The investment will enable Dot Com Zambia to grow its existing e-commerce business and roll out its proprietary digital bus ticketing system across Zambia and, with Kukula’s and eVA’s network, begin further piloting across the Southern African region.

eVentures Africa Fund was the first venture capital fund to invest in African technology driven companies nearly six years ago under the philosophy that it is African IT-engineers and tech-entrepreneurs that are best suited to deploy technology for African issues. In a statement from Amsterdam, Vincent Kouwenhoven. MD of eVA Fund says, “ Dot Com Zambia is led by one of the most inspiring young entrepreneurs we’ve met and the organization fits with eVA’s mandate to build world-class technology platforms for Africa.” He further added, “while many more of todays investors are looking for investment opportunities like Dot Com Zambia in the ‘major markets’, in Nigeria and Kenya, we are the first Tech fund investing in this space in Zambia. And we believe with this investment, a Zambian tech-entrepreneur can set the example for his country, for the Southern Region of Africa, and one day maybe, for the whole of Africa.”

Dot Com Zambia is an e-commerce company with two subsidiaries: Import Zambia is an e-commerce platform that allows Zambian customers to shop from local and international retailers. Book Now Zambia, which includes the Bus Tickets Zambia brand, is a technology platform that allows customers to reserve, pay and receive bus tickets electronically. Book Now Zambia has already signed contracts with some of the major Zambian bus operators who will use the technology to sell their tickets in a way that is both faster and smarter in addition to optimizing their operations. Dot Com Zambia is the fastest growing e-commerce company in Zambia with 18 employees and $741,000 in revenues in 2014. The company has been praised as a leading African technology company and, more recently, Harvard Business School named Dot Com Zambia’s bus ticketing system as Africa’s Best New Venture for 2015.

Speaking in Lusaka, Mawano Kambeu, founder and CEO of Dot Com Zambia, states, “This is the ultimate dream come true for any young entrepreneur, With eVA and Kukula on board, Dot Com Zambia has the expertise and financial muscle that will allow us to enhance our operations and grow faster to create value for our clients and the Zambian economy”
Kukula Capital are the only locally domiciled Venture Capital firm in Zambia and Dot Com Zambia becomes its seventh investment into a Zambian SME since its inception in 2010. Tue, Nyboe Andersen, MD of Kukula Capital further adds that “Dot Com Zambia is a clear strengthening of Kukula’s portfolio. What excites me about the transaction is that we are investing in a company that has the potential to scale rapidly on the basis of leading technology”

With the co-investment, the investors seek to combine Kukula’s local presence and operational expertise with eVA’s experience in building successful technology ventures to establish the operating processes and supporting technology that will allow Dot Com Zambia to grow profitably in Zambia and expand to other countries in Southern Africa. Dot Com Zambia’s progress to date shows that there is a growing demand for e-commerce products and services in Zambia and the capital injection will allow the company to accelerate its growth by improving the customer experience in its e-commerce division and roll out the ticketing system to bus operators who seek a more cost- and time-efficient way of issuing tickets and running their operations.

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Kukula Capital Invests in Betternow Finance Company


Kukula Invests in Betternow Finance Company

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+ 260 211 295 792

Kukula Capital Plc

Foxdale Court Office Park

Suite 101, Plot 609

Zambezi Road Roma, Lusaka