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.
Capital markets advisory on the LuSE.
Kukula Capital acted as Transaction Advisor to Real Estate Investments Zambia PLC (REIZ) on their capital markets transaction on the Lusaka Securities Exchange (LuSE).
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.
Capital raising for invoice discounting operations.
Capital raising for invoice discounting operations.
Commercial paper programme to support lending operations.
Commercial paper programme to support lending operations.
Debt raise to support agricultural operations.
Debt raise to support agricultural operations.
Research programme on climate-compatible growth pathways.
Research programme on climate-compatible growth pathways.
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 →Kukula Capital is headquartered in Lusaka, Zambia, with reach across Sub-Saharan Africa. We welcome enquiries from businesses, investors, and institutions at any stage.
✉info@kukulacapital.com
