Masawara Investments Mauritius Limited has announced a change in its shareholding structure after Sanlam Allianz Africa Proprietary Limited sold its 40 percent stake in the investment group.
A diversified investment holding company with a portfolio of growth companies operating across several sectors and countries in Southern Africa, Masawara has interests in financial services, hospitality, technology, property and agro-chemicals, among others.
Sanlam’s equity in Masawara has been taken up by Raindere Investments (Proprietary) Limited (“Raindere”), marking a new strategic partnership for the diversified investment group.
The majority shareholder, Masawara Holdings Mauritius Limited (MHML), retains its controlling interest and continues to guide the Group’s leadership, governance and long-term strategic direction.
MIML said the transaction was aligned with its broader capital-strengthening programme aimed at deepening partnerships and positioning the group for its next phase of expansion across its core African markets.
The restructuring, however, does not introduce any operational adjustments, with management teams, leadership structures and governance frameworks remaining the same.
The entry of Raindere is expected to enhance MIML’s investment capacity, unlock access to additional sector expertise, and broaden regional networks to support future growth initiatives.
The group said the strengthened shareholder mix will add depth to its ongoing strategic programmes and support execution across all subsidiaries and portfolio investments.
Masawara group CEO Mr Shingai Mutasa welcomed the change, describing it as a strategic step that prepares the Group for greater opportunities.
“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,” Mr Mutasa said.
MIML extended 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.
The group emphasised that it remains focused on delivering value across its investment portfolio while continuing to pursue growth opportunities in line with its long-term strategic objectives.
Raindere chairperson, Mr Chengetai Chikwanha, said the move would support MIML’s ambition to drive sustainable growth, deliver value to stakeholders, and strengthen the performance of the businesses within the group.
“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,” said Mr Chikwanha.
SanlamAllianz indicated that it has a strong relationship with Masawara and has always been very positive about the quality of management in the group.
According to Sanlam, 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.
“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.”-herald
