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Our story

We provide our investors and clients with end-to-end bespoke investment solutions within Direct investments, Advisory and Asset management.  

Our story

We are on a mission to create 5,000 jobs in Zambia by 2025

Kukula Capital is an independent corporate finance advisory and asset management firm based in Zambia. We act as trusted advisors to corporates, multi-nationals and high-net worth individuals. We help our clients with equity or debt capital raisings, execute mergers or acquisitions and provide strategic advisory.

Why work with us?​

Our multi-skilled team of professionals has many years of corporate finance and investment banking experience and has advised on many domestic and international transactions across a variety of sectors.

Kukula Capital was founded in 2009

Kukula Capital was founded in 2009 and is one of the leading investment and advisory firms in Zambia.

The firm has a diverse team with both international and local experience.

Kukula Capital has a dealer’s license under Securities Exchange Commission of Zambia and is a member of the Lusaka Securities Exchange.

We are a leading investment and advisory firm in Zambia

We continuously analyse global mega-trends and emerging sectors that we believe will shape a sustainable future and bring attractive returns to our core portfolios.

We take maintain a sustainable and long term focus

We believe responsible and sustainable companies represent the most economically attractive investments going forward.

Our team

An experienced team with diverse backgrounds in finance, fund and asset management.

Tue Nyobe Andersen

Managing Director

Tue is co-founder and Managing Director of Kukula Capital. He holds an MSc in Economics from the University of Copenhagen, Denmark. He has acquired significant regional experience with + 10 years in venture capital, institutional asset management and corporate finance in Zambia.

Niels Bojsen

Managing Director

Niels is co-founder and Managing Director of Kukula Capital and Kukula Seed. With a BSc. in International Business at Copenhagen Business School Denmark, he acquired +10 years of notable leadership positions. He holds experience in finance and institutional asset management.

Szymon Starosta

Portfolio Manager

Szymon joined Kukula in 2018. He has extensive experience in real estate, construction and project management. He previously worked for the Sable Conglomerate on their Pioneer Cement Plant Project and was Project Development Manager for the Foxdale Forrest Housing Project. Szymon is responsible for deal origination and pipeline development.

Nancy Shereni

Business Development Manager

Nancy joined Kukula in 2022. She holds an M.A in Global Affairs and Management from Thunderbird School of Global Management, Arizona State University. She brings with her extensive experience in project management and marketing. At Kukula, her focus areas include communications and stakeholder engagement.

Darryl Higgins

Senior Investment Associate

Darryl joined Kukula in 2022. He holds a BSc. in Accounting and Finance from the Durham University. He has extensive experience in equity research, and financial and risk analysis. He is responsible for origination activities and investment research.

Mphaso Banda

Senior Investment Associate

Mphaso joined Kukula in 2021. He holds a BCom Honours in Finance from the University of the Witwatersrand. He has diverse experience in corporate finance and investment research. At Kukula, his focus areas include due diligence, financial modelling, and investment research.

Chilufya Mweze

Investment Associate

Chilufya joined Kukula in 2021. She is an MBA holder from the University of Lusaka. She has vast experience in Corporate Relationship Banking and Business Development.  She offers support to the Asset Management and Corporate Advisory divisions.

Stephen Banda

Head of Accounts and Compliance

Stephen joined Kukula in 2020. He holds an MBA from the University of Zambia. He is also ACCA qualified and a member of the Zambia Institute of Chartered Accountants. He has a background in finance, audit and fund administration. 

Lumbani Msoni

Compliance Officer

Lumbani joined Kukula in 2016. She holds an MSc. in Project Management from the University of Lusaka. She has broad ERM and project management experience. She oversees risk management and compliance at Kukula.

Martin Sampa

Senior Accountant

Martin joined Kukula in 2016. Holder of a CA qualification and member of the Zambia Institute of Chartered Accountants. With experience in financial accounting and compliance, his focus lay in financial reporting and accounting. His primary role is as Senior Accountant for Bresmar Building Materials.

Amanda Kalebwe

Administrative Assistant

Amanda joined Kukula in 2022. She has vast experience in administration and management; her responsibilities lie in key administration duties and overall organizational efficiencies across divisions.

We act as trusted advisors to corporates

The firm has a diverse team with both international and local experience.


Let us help you

We pursue success with a high-performing, sustainable investment concept.

Asset management

Kukula provides discretionary asset management solutions to high net worth individuals and institutions. We offer various risk rated portfolios – investing in both equity and fixed income securities. We also develop custom mandates along side our clients that are tailored to their investment goals and objectives.


We provide corporate finance services to support corporate activities, such as marketing issuances of debt and equity, valuations and mergers and acquisitions. Our team has extensive local expertise and has credible track record of successfully executed transactions.

Direct investment

Kukula invests directly in Zambian companies providing them with expansion capital and working capital to develop their businesses. Kukula provides both long term equity finance as well as mezzanine financing.