Our Firm

Marerwa is an investment holding company.

We own and operate a concentrated portfolio of businesses with a unique position in the growth value chains of the SADC region. Marerwa deploys its own principal capital — patiently, and with the operators who run the assets.

Vision

Establishing a platform of permanence across Southern Africa and the wider continent within the next ten years — and into perpetuity.

Mission

Our mission is to achieve operational excellence that benefits our customers and the communities we operate in, while delivering superior investing results.

We deliberately drive our operations anchored by an investor strategy suitable for our local and regional investing partners — and we measure ourselves on what we build, not what we promise.

The Operator–Investor Model

Marerwa is a privately-held investment holding company. We do not raise external or public capital — every cheque is our own principal — which lets us underwrite on conviction and on the timelines real businesses require.

We have applied a disciplined operator–investor model across a broad portfolio of companies for over two decades. Our management teams achieve operating results and realise cash and valuation returns through executing on Marerwa management principles and guided operating metrics. We assess and support growth initiatives that drive long-term value.

Being part of Marerwa means making life better — every moment, every day — for our clients, employees, stakeholders and the communities we serve.

Our Investment Thesis

Where others see complexity, we see opportunity.

Africa is home to immense talent, fast-growing markets, and a new generation of entrepreneurs solving real problems. Yet many industries still operate within outdated systems and fragmented markets.

Our thesis is simple:

  • Invest in businesses that enable cross-border collaboration
  • Support ventures that solve structural challenges at scale
  • Back founders using technology to create new markets
  • Reimagine traditional industries through Artificial Intelligence

We believe the next wave of African growth will be driven by companies that think regionally, execute globally, and use innovation to leapfrog legacy systems.

Investment Criteria

From thesis to screening rules.

Every opportunity is tested against four lenses. We need a clear yes on at least one, and no structural conflicts with the others. Examples illustrate the kinds of businesses that meet the bar.
01

Cross-border collaboration

Screening rules
  • Revenue or supply chain spans 2+ SADC markets within 36 months
  • Founders demonstrate regional licensing, regulatory or partnership pathway
  • Unit economics hold without subsidies in at least one corridor
Representative examples

Regional payments rails, multi-country logistics, cross-border energy trading, B2B marketplaces serving COMESA/SADC.

02

Structural challenges at scale

Screening rules
  • Addresses an enduring market failure (infrastructure, finance access, food, health)
  • Total addressable population in the millions, not thousands
  • Defensible position once built — capital, licence, network or data moat
Representative examples

Off-grid power utilities, smallholder input finance, diagnostic networks, affordable housing supply chains.

03

Technology creating new markets

Screening rules
  • Software or data is the product, not a feature bolted onto a service
  • Demand exists today but is unserved because incumbents cannot reach it
  • Gross margin trajectory above 60% at scale
Representative examples

Embedded finance for informal SMEs, vertical SaaS for African operators, digital health records, mobile-first insurance.

04

AI in traditional industries

Screening rules
  • Applies AI to a sector with proven cash flows — agriculture, mining, logistics, financial services
  • Proprietary data pipeline or domain workflow that competitors cannot easily replicate
  • Measurable productivity or cost gain (≥20%) demonstrated in a live deployment
Representative examples

AI-driven crop yield optimisation, predictive maintenance for mining fleets, underwriting models for thin-file borrowers, document automation for trade finance.

Geographies
5 SADC countries
Cheque size
USD 2–15M
Stage
Growth & project
Horizon
7–12 years
IPillar

Source from the ground

We originate alongside operators, public utilities and regional development banks. Roughly 80% of our pipeline is proprietary, surfaced through a network rooted in five SADC countries.

IIPillar

Structure for shared ownership

Every transaction is designed so that founders, employees and where appropriate community trusts hold meaningful equity. Returns are aligned across the cap table from day one.

IIIPillar

Steward through cycles

We are an active partner on capital allocation, governance and talent. Our hold periods are measured in cycles — typical exits are 7 to 12 years.

IVPillar

Measure what compounds

Financial returns and developmental outcomes are tracked side-by-side: jobs created, kilowatt-hours delivered, smallholders connected, kilometres of corridor served.

Values

What we will not compromise on.

Five principles guide every investment decision, every board seat we take, and every conversation we have with the people who run our companies.
Integrity

If it's not right, we do not do it. Plain rule, applied to every transaction and every counterparty.

Respect

We hold our profession, our stakeholders and ourselves in high esteem. We honour those who contribute to our growth and remain open to diverse opinions and backgrounds.

Humility

Humility is the absence of arrogance, not the absence of confidence and pride. We are modest because we respect what shapes us.

Service

Our portfolio companies provide essential services to the region. Through deep, unwavering commitment to customers we stay relevant and change lives for the better.

Ambition

We make bold decisions to build great companies — enhancing shareholder value without compromising long-term plans.