Matonjeni is an emerging juice and meal enhancer manufacturer located in Lusaka, Zambia. The Company’s product range includes 6 brands (3 cordials & 3 ready to drink) and a stew mix brand. Matonjeni products are currently sold in Zambia and Zimbabwe.
Matonjeni had limited working capital funding under its operating business plan. The business owned no distribution channels and required significant Capex and working capital investments to ensure its growth and expansion.
The AAF SME Fund has invested a total of $4.85m in Matonjeni since October 2013. The Fund’s approach was to: