Current Investments
1.African Banking Corporation Holding (Botswana and regional)
This transaction is expected to have a major demonstration effect as the first Black owned full service merchant bank in the Southern Africa region. It will strengthen and expand financial services for SMEs and other clients while creating jobs for 306 employees. On the infrastructure side, ABCH is involved in heavy equipment leasing used to build infrastructure in the region. A good rate of return is projected.
2.Chimba Resources (Tanzania and Regional)
This is a drilling company which was established in 2008 with a vision of providing drilling services in Tanzania while capitalizing on remarkable business opportunities presented in Africa as well as at a global level. The company was incorporated in Tanzania on October 24th 2008 under the Certificate of Incorporation Number 68100. The core business of the company is to provide mineral drilling services to exploration companies throughout Tanzania. Furthermore, drilling business is not limited to the mining industry but may be expanded to include water well drilling.
3.Elgin Engineering (South Africa)
This investment is in engineering / manufacturing fabrication company based in Durban South Africa whose clients are service the petrochemical industry, the sugar sector, and automotive and mining industries which has acquires a series of strategic assets throughout South Africa and beyond.
4.Enterprise Fedha Finance Company (Botswana/South Africa)
This investment was established as a company pursuant to SAEDF’s distinct interest in developing leasing and other asset backed financing solutions for small and medium size entities. SAEDF had earlier invested in a successful leasing company in Zimbabwe and experienced first-hand, the profitability and considerable impact of leasing and other asset backed financing in enhancing the growth of small and medium size business.
5.ICCAH (South Africa)
Industrial Credit Company Africa Holdings Limited (“ICCAH” or “the Company”) is listed on the Development Board List of the JSE with limited remaining assets following the curtailment of its operations. Trading in ICCAH securities is currently suspended as from August 01, 2008. The Company is headquartered in Johannesburg and previously operated as an investment holding company that maintained interests in financial sector related companies in South Africa and Zambia. ICCAH focussed on financing of secured leases to clients. In 2008 the Southern Africa Enterprise Development Fund “SAEDF” entered into agreement with the then controlling Shareholders of ICCAH to take over control and a circular dated 28 August 2008 was issued to Shareholders seeing the final unbundling of the ICCAH assets.