Change in Shareholding At Masawara Investments Mauritius Limited
Masawara Investments Mauritius Limited (“MIML”) today announced a change in its shareholding structure following the completion of a strategic equity transaction.
Sanlam Allianz Africa Proprietary Limited (“SanlamAllianz”) has divested its 40% shareholding in MIML. The shares have been acquired by Raindere Investments (Proprietary) Limited (“Raindere”), which now holds a 40% equity interest in MIML. The majority shareholder, Masawara Holdings Mauritius Limited (MHML), retains its shareholding and continues in its leadership and governance role.
SanlamAllianz commented on the development:
“We have a strong relationship with Masawara and have always been very positive about the quality of management in the Group. Following the launch of the SanlamAllianz Joint Venture, we have decided to pave the way for Masawara to introduce new shareholders, while we focus on our other markets.”
This transaction forms part of MIML’s long-term strategy to strengthen its capital base, broaden its partnerships, and position the Group for its next phase of growth across its core markets.
Continuity and Stability
- No operational changes will occur as a result of the transaction.
- The Group’s leadership, management teams, and governance structures remain unchanged.
- MIML continues to execute its strategy and commitments across all subsidiaries and investments.
Strengthening the Group’s Strategic Position
The addition of Raindere as a shareholder brings:
- Enhanced capacity for future investment;
- Increased access to sector expertise and regional networks; and
- Added depth to the Group’s long-term strategic initiatives.
Raindere Chairperson Chengetai Chikwanha added:
“We are proud to join Masawara at this pivotal moment. Successful investments are anchored in innovation, foster inclusion, and deliver customer-centric financial solutions powered by technology.”
These added capabilities will support MIML’s ambition to drive sustainable growth, deliver value to stakeholders, and strengthen the performance of the businesses within the Group.
Appreciation to SanlamAllianz
MIML extends its appreciation to SanlamAllianz for its contributions during its tenure as a shareholder and for its partnership in supporting the Group’s development to date.
Masawara also expressed its gratitude, with Group CEO Shingai Mutasa stating:
“This strategic realignment positions Masawara to take its portfolio to the next level. We are excited to partner with Raindere, whose vision aligns with our ambition to create enduring value for Africa.”
Looking Ahead
The Board and majority shareholder MHML welcome Raindere to the MIML shareholder base and look forward to collaborating in pursuit of the Group’s strategic priorities.
For further information, please contact: batsirai@masawara.com
