Hamilcar Capital

Advisory | Investment | Intermediation

London - Paris - Nairobi


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Company Overview

Hamilcar Capital is an investment advisory and asset management boutique, working together with a consortium of selected investors and industrial partners to analyse and execute opportunities in Europe, Africa and the Middle East.


We have direct access to PE investment and listed stock trading, and we offer three services: Sourcing, arranging transactions and managing assets.


Hamilcar Capital works on a discretionary basis with institutions, corporations and high net worth individuals, operating as long term partners alongside our financial investors. Our usual holding period is 3 to 7 years with a buy and hold fundamental approach.



We offer full independence, commitment and dedication to our financial investors.

What are our missions ?


Emulating Hamilcar Barca, General and Statesman, and his son Hannibal, we design and help implement creative strategies to unlock the hidden value of target companies and expand our investors’ positions.


Our professional team has extensive expertise in various fields of investment banking, asset management, block trading and audit.


We have direct access to a number of leading companies in various sectors. We assist them in improving their competitive position across Europe, Africa and the Middle East.


We have accumulated a track record in several industrial sectors such as agro-business, microfinance, logistics, transportation, waste management/recycling, leisure/tourism, telecom, real estate, cement and energy.

Hamilcar Capital has accumulated experience in financing listed and private equity transactions by using a wide range of financial tools:

  • Fixed income
  • Convertible bonds
  • Equity
  • Various debt instruments

As an investment advisory and asset management boutique, Hamilcar Capital offers 3 types of services:

  • Specialized Fund Management via the Hamilcar Special Situations “Africa” vehicle
  • Separated Accounts Management via Discretionary and Non-Discretionary Accounts
  • Block trades execution service via a Trading Execution (only) platform

Hamilcar Capital is aiming to become:

  • A Key Player in Africa (Private and Listed Equity) for the Emergence of Pan African Leading Companies.
  • A significant player in the Growing Liquidity of the African Stock Exchanges.
  • An active player in Europe and Middle East.

Our strength is based on



Flexibility                   Commitment          Independence

Track record

Since its inception in 2013, Hamilcar Capital has advised its group of selected investors in transactions across various sectors such as microfinance, consumer goods, energy, real estate, logistics and telecommunications spread throughout the UK and Africa (Burundi, Central Rep. Africa, Ivory Coast, Tanzania, Zambia... ).

  • NMB - microfinance

Tanzania Block of shares listed equity


  • TCC - Tobacco

Tanzania Block of shares listed equity


  • Ndola Energy - HFO

Zambia Private Equity / Debt

  • Office building

UK Real estate (12% yield/12 years)


  • Simat - Logistics

Ivory Coast Debt restructuring


  • Telecom

Burundi / CAR Debt restructuring

Hamilcar Capital is currently advising its consortium of selected investors in transactions across various sectors such as construction, logistics, agro business, leisure & tourism, real estate and infrastructure spread throughout Botswana, Cameroon, Ivory Coast, Ghana, Kenya. The total investment volume is $500 million.


Name Country Sector Instrument
CEM Kenya Cement Debt & Equity
LOG Botswana Logistic Equity
AGR Kenya Agro business Debt
LEI Cameroon Leisure & tourism Debt & Equity
REA Ghana Real Estate Debt & Equity
INF Ivory Coast Infrastructure Debt & Equity

OUR TEAM

JOSÉ FRANCIS

FOUNDER-MANAGING DIRECTOR-BOARD MEMBER

MORLAI KARGBO

INVESTMENT DIRECTOR

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