Manyere’s MHMK Infratech holds $200mln close
MHMK Infratech, a new infrastructure investment, development and advisory entity set up by Brainworks Capital founder George Manyere, has reportedly raised $200 million in an initial round of financing. The firm, which is ultimately targeting $1 billion, is looking to invest in a wide range of infrastructure projects in Zimbabwe.
“Our vision is to be the leading private sector player in infrastructure development & financing and a partner of choice to all key stakeholders in Zimbabwe,” Manyere, who is the CEO of the company told The Herald, adding that “The successful capital raise in the first round guarantees the ability of MHMK Infratech to identify and commence development of…infrastructure projects promptly and significant progress has already been made in kick-starting its first infrastructure project in Zimbabwe.”.
MHMK plans to back the development of key infrastructure assets including roads, airports, bridges, transport, energy, border posts and water sectors, using Private Public Partnership structures in partnership with Zimbabwe’s government. “We also want to demonstrate how the private sector, led by indigenous Zimbabweans can partner with the Government and mobilise much needed international capital for economic development and overall to support the Ten-Point Plan for Zimbabwe’s economic growth.”
In February, it was announced that George Manyere was to step down from his position as CEO of Brainworks Capital as the firm prepared for a listing on an international exchange. The investment holding and corporate advisory firm has deployed almost $80 million of capital in Zimbabwe since 2011.