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Empowering Businesses Beyond Capital

wCap gives investors access to the region’s expanding private credit market. Through disciplined investment in high-growth SMEs, we deliver risk-adjusted returns while driving measurable climate and gender impact.

The Opportunity

Transforming Potential into Growth.

The region sits at the intersection of structural credit underservice and growing demand from capital allocators for emerging-market private credit. The financing gap isn’t a reflection of poor fundamentals. It reflects a mismatch between available instruments and what high-growth SMEs actually need.

Annual SME financing gap across Sub-Saharan Africa

$ 0 B

IFC / MIT Sloan, 2026

Of global private credit reaches Africa

0 %

African Business, 2024

Of SME loan rejections in Zambia cite collateral gaps

0 %

World Bank / We-Fi, 2025

Why Invest With wCap

Governance That Protects Capital

Track record: Zero defaults and zero covenant breaches across the current portfolio.
Team: USD 1B+ in combined transaction experience across the leadership team.
Regional expertise: On-the-ground presence and origination depth in Zambia and Namibia, with a pipeline extending into South Africa.
Impact alignment: 100% women-owned, 2X Global member, with climate and gender criteria embedded at origination, not appended after investment.

Risk management: Layered capital protection: loan loss reserve (IFRS 9 ECL) and revenue-linked repayments that flex before triggering default.
Governance: Independent credit committee oversight, with origination and approval functions explicitly separated and majority-vote approval required.
Regulatory standing: SEC Zambia-regulated investment manager.

Nyeji Mhango

Founding Partner & Chief Operating Officer

MSc Development Finance. 20+ years across sovereign debt and institutional banking in Sub-Saharan Africa, including managing a USD 500M+ DFI sovereign loan portfolio. Former Associate Director, Standard Chartered Zambia. Leads wCap’s investment strategy, deal structuring and LP engagement.

Yvonne Mpala

Founding Partner & Chief Operating Officer

MBA; Institute of Risk Management SA. 20+ years in banking and private markets, including managing debt portfolios of up to USD 55M+. Former D&I Council Chair, Standard Chartered Zambia. Leads wCap’s credit governance framework, ESG and operational risk management.

Melissa Gray

Founding Partner & Chief Financial Officer

ACCA (UK and Zambia). 20+ years in listed-company finance across the UK and Sub-Saharan Africa, including M&A due diligence, institutional financial controls and USD 200M+ budget oversight. Leads wCap’s fund accounting, LP reporting and capital stewardship.