Investment portfolio

Long positions in assets that yield and businesses that scale.

Our investment arm builds durable positions across four focus areas. We hold for cashflow, control and compounding — not exit headlines.

Focus area 01

Real estate & property

Yielding commercial assets and selective land positions in Lusaka and regional growth corridors. We hold property for income and strategic optionality, not speculative flips.

Commercial · Mixed-use · LandActive
Focus area 02

Private equity in operating businesses

Equity stakes in Zambian and SADC SMEs with proven cashflow and clear paths to scale. We back operators we can support with group infrastructure — procurement, treasury, distribution.

Control & minority positionsActive
Focus area 03

Logistics & infrastructure

Warehousing, transport assets and supply-chain infrastructure that anchor our trading flows and serve third-party customers. Real assets that produce yield and reduce our cost base.

Warehousing · Haulage · YardsActive
Focus area 04

Technology & fintech

Selective positions in digital infrastructure, commerce platforms and payment rails serving African markets. We invest where technology unlocks margin or removes friction in real-economy flows.

Commerce · Payments · InfraActive
Investment criteria

What gets capital, what does not.

We are a disciplined buyer. Every deal is tested against the same six questions before our investment committee will sign.

Cashflow before story

We underwrite from existing or near-term cashflow. We do not pay for narratives that require multiple bets to come right.

Operator quality

We back founders and management teams with clear judgment, real operating track record, and skin in the game.

Group fit

Investments that benefit from CMC's procurement, logistics or distribution infrastructure get preferential treatment.

Margin protection

We look for businesses with structural moats — relationships, licences, infrastructure — that defend gross margin.

Conservative leverage

We use debt where it accelerates returns on real assets. We do not borrow to fund operating losses or growth experiments.

Honest exit path

Even when we hold forever, we underwrite to a credible exit — strategic buyer, secondary sale, or buy-out by management.

Co-investment

For aligned capital partners.

CMC selectively co-invests with regional family offices, development finance partners and operating-company strategic investors. We are open to deals where capital, expertise and operating leverage line up.

If you allocate to Southern African real assets and operating businesses and want a local operator with discipline on the ground, we are interested in talking.

  • A.
    Family officesLong-horizon capital seeking real-asset exposure with on-the-ground execution.
  • B.
    Development finance partnersAligned mandates around regional trade, food security and productive infrastructure.
  • C.
    Strategic operating investorsCorporates seeking regional distribution, supply security or platform exposure.

Considering a transaction?

Whether you are looking to sell, partner, or co-invest, our investment team is ready to engage on specifics.

Speak to investments