ZAMBIA AT HEART. POSSIBILITY AHEAD.

Capability today,
Possibility tomorrow.

Powering technological and industrial convergence across the Zambezi Growth Corridor.

Victoria Falls on the Zambezi River at sunrise
Rooted in Zambia.
Connected to a bigger picture.
VICTORIA FALLS · ZAMBEZI RIVER
Investment & advisoryResearch & market intelligenceInnovation & sustainability

LIVE MARKET SNAPSHOTS

Recent movements.

The kwacha, copper and gold at a glance.

OUR APPROACH

Good decisions.
Lasting possibilities.

We are an impact-driven investment and advisory firm connecting evidence, innovation and purpose.

From understanding markets to helping institutions adapt, we bring a thoughtful perspective to the decisions that shape tomorrow.

01

Evidence first.

Research and data to see the opportunity clearly.

02

People at the centre.

Trust, transparency and shared understanding.

03

Purpose in progress.

Financial, social and environmental outcomes.

INSTITUTIONAL ADVISORY

A wider perspective.
A clearer way forward.

Specialist thinking for organisations navigating change, building capacity and pursuing sustainable growth.

FROM INFORMATION TO UNDERSTANDING

See the signal.
Make your next move.

Research, data and market analysis to help institutions understand change, evaluate opportunities and make informed decisions.

Market researchData & analysisDecision support
Discuss your needs

REPORTING & UPDATES

Stay informed.
See what’s next.

Our Quarterly Market Updates bring together analysts and guest experts to explore Zambia, global markets and the forces shaping investment.

View all episodes
LISTEN TO THE PERSPECTIVEQuarterly Market Updates on Apple PodcastsExplore the show and listen here on our site.

THE PEOPLE BEHIND THE PERSPECTIVE

Meet ourQMU Analysts

Expertise across markets, technology and sustainable growth. The voices behind our Quarterly Market Updates.

SonnyKabaso

Software engineering & AI

Sonny Kabaso

Research meets technology

Sonny is a software engineer with research in artificial intelligence and natural language processing. His MCom at the University of Johannesburg explored automated language generation for marketing and education.

His research and engineering background offers a technical lens for QMU discussions on AI, digital innovation and the changing delivery of financial services.

HaggaiChomba

Venture capital & impact investing

Haggai Chomba

Capital with impact

Haggai is an economist whose work spans impact investing, financial sector development and sustainability. He holds an MBA in Strategy and Finance from Michigan Ross and an MA in Economics from the University of Zambia.

In the February 2024 QMU, he explained venture funding stages and exit routes, helping audiences understand how African businesses raise growth capital.

BupeMparuri

Macroeconomics & investment analysis

Bupe Mparuri

The economic picture

Bupe is a financial and investment analyst whose experience includes Monter Capital Partnership. Her work connects macroeconomic developments with the conditions shaping investment.

Zambezi Capital’s Q1 2023 update featured her analysis of GDP growth and inflation. Her macroeconomic perspective helps audiences connect economic indicators with the broader market outlook.

MalangaMphosha

Corporate finance & digital assets

Malanga Mphosha

Connecting market perspectives

Malanga’s finance background includes budgeting, forecasting and market-data business analysis at TMX Group. He was awarded a Coinbase scholarship for the University of Nicosia’s MSc in Blockchain and Digital Currency programme.

He hosted the February 2024 QMU, connecting specialist perspectives across markets. His finance and digital-assets background brings context to discussions of innovation and financial inclusion.

TafaraMudenda

Precious metals & financial planning

Tafara Mudenda

Understanding the trade-offs

Tafara combines market commentary with financial education. She has co-delivered training on financial planning, pricing strategies and revenue management for entrepreneurs.

In the February 2024 QMU, she compared gold and silver through liquidity, volatility and industrial demand, giving audiences a clearer framework for understanding precious metals.

DanielSimwaba

Investment, policy & energy transition

Daniel Simwaba

From policy to markets

Daniel is an economist, investment adviser and founder of Zambezi Capital. His work spans public policy, private-sector innovation, sustainable development and digital transformation.

In the February 2024 QMU, he connected electric-vehicle growth with Zambia’s copper resources and battery value chains, bringing an investment and policy perspective to the energy transition.

MaingaMasinja

Insurance, risk & financial resilience

Mainga Masinja

A lens on resilience

Mainga’s professional background includes ZSIC General Insurance. His published commentary explores business risks, financial resilience and the role of technology in insurance.

This insurance and risk perspective is relevant to QMU discussions about how households, firms and financial institutions respond to uncertainty and technological change.

CedricChuuma

Financial analysis & market commentary

Cedric Chuuma

Making markets accessible

Cedric is a financial analyst and business adviser whose professional profile includes financial planning, pricing strategy and business consulting.

His Financial Insight interview with Kukula Capital examined Zambia’s debt restructuring and exchange-rate performance. That reporting experience offers context for QMU discussions of domestic markets and financing conditions.

Ng’anduSikazwe

Technology & product innovation

Ng’andu Sikazwe

Technology in the real economy

Ng’andu builds digital products and web solutions, with experience spanning application development and AI in finance. His public writing examines technology adoption and the practical needs of African businesses.

He publicly announced his technology contribution to Zambezi Capital’s Q4 2023 market update, bringing a product-builder’s perspective to how innovation changes businesses and markets.

Explore the team. Select + to read a profile.

QUARTERLY MARKET UPDATE

Venture capital update.

African tech VC funding · 2023 · USD

Equity

$2.3B

473 deals

569 investors

Total funding

$3.5B

−46% year on year

547 deals

−28% year on year

Debt

$1.2B

74 deals

41 investors

Even in a tougher funding year, African ventures attracted US$3.5 billion across 547 deals in 2023. A long-term perspective connects today’s enterprise with tomorrow’s possibilities.

Source: Partech Africa Tech Venture Capital Report 2023

Haggai Chomba

Haggai Chomba

VC & PE Analyst

Listen to Haggai’s perspective

ANGEL PORTAL

Why leave the world’s
fastest-growing market behind?

LET’S BUILD WHAT’S NEXT

Capital designed for what’s next.
Let’s make it matter.

Start a conversation about your organisation,
your ambitions and how we can help.

Get in touch

Sources & photography

Company and service information draws on the original Zambezi Capital website. Founder information is drawn from Daniel Simwaba’s public profile.

Victoria Falls photograph by Ed Wingate / Unsplash, used under the Unsplash License. Daniel Simwaba photograph supplied by Daniel Simwaba, PhD.