Through our Advisory and Asset Management work, we support sustainable growth and deepen capital markets across the region.
Kukula Capital is a Zambia-headquartered investment firm with regional reach, delivering advisory, asset management, and research-led solutions that support sustainable growth and deepen capital markets. We partner closely with founders, management teams, and institutions, combining patient capital with hands-on expertise.
Kukula Capital operates through three integrated service areas — Advisory, Asset Management, and Research & Consulting — forming a platform that combines deep local knowledge, transaction execution expertise, and disciplined capital stewardship.
Transaction advisory, M&A, capital raising, and capital markets solutions for corporates and institutions across Zambia and the region.
Learn more →Disciplined stewardship of capital through portfolio management, fund administration, and investment monitoring across asset classes.
Learn more →Market research, due diligence support, investment readiness programmes, and project development advisory across Zambia and the region.
Learn more →Kukula is built on experienced professionals with strong technical expertise and deep regional insight. Our team combines institutional investment standards with practical, on-the-ground knowledge, ensuring disciplined decision-making and responsible stewardship of capital.
Meet the TeamA cross-section of our advisory, capital markets, and consulting work across Zambia and the region.
Exit of core shareholder to institutional investors.
Advised on the exit of the core shareholder of Capital Fisheries to institutional investors, managing the full transaction process from mandate to close.
IPO and first listing on Zambia's Alternative Market (AltM).
Advised on the IPO and inaugural listing of Dot Com Zambia on Zambia's Alternative Market — a landmark capital markets transaction for the country.
Senior debt raise for hotel expansion in Lusaka.
Sole lead financial advisor on the senior debt raise for Latitude Hotels Group's expansion programme in Lusaka.
Zambia Investment Support Programme — SME investment readiness.
Leading the Zambia Investment Support Programme, supporting SMEs across Zambia to achieve investment readiness and access institutional capital.
Project development for Zambia's first integrated wind and solar energy project — 100MW.
Providing commercial advisory support for Zambia's first integrated wind and solar energy project, targeting 100MW capacity.
Commercial, financial and tax due diligence for a private credit fund.
Led multiple commercial, financial and tax due diligence engagements on behalf of a private credit fund investing in Zambia.
Kukula acted as Transaction Advisor and Sponsoring Broker on the IPO and inaugural listing of Dot Com Zambia Plc on Zambia's Alternative Market.
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Real Estate Investments Zambia lists on the Lusaka Securities Exchange as Zambia's first ever REIT, opening institutional-grade property investment to everyday Zambians.
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The 2025 Zambia Impact Investment Market Sizing Study finds the market nearing ZMW 1.9 billion — the most comprehensive assessment of Zambia's impact investment landscape to date.
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Kukula Capital is delivering ZISP alongside Impact Capital Africa, powered by British International Investment — helping Zambian SMEs become investor-ready.
Read more →Whether you are a business seeking growth capital, an institution looking for a trusted advisory partner, or an investor exploring Zambia's market — we would like to hear from you.
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