Musa Capital

Musa Capital was founded in 1995 and, in 1996, established a fund (Fund I) principally sponsored by HRH Prince Al-Waleed of Kingdom Holdings in Saudi Arabia. The fund targeted high growth and undervalued African assets across a sector base including telecoms, financial services, agri-processing, and property. The portfolio was characterised by a realised IRR of 23.9% gross and 20.2% net. Average annual dividends across the portfolio exceeded 14% and dividend yield on some assets was in excess of 20%.

In 2005, Musa Capital relocated its head office to Johannesburg, South Africa, expanding its business model to include corporate finance and mergers and acquisitions.

In 2008, Musa Capital established the Musa Kubu Fund (Fund II), which includes South African-based high net worth individuals, along with a local institution representing a community of 35 000 previously disadvantaged people living in the North West Province. Fund II is nearly fully invested and beginning to have early liquidations.

Areas of Expertise

Telecoms, financial services, agri-processing, and property