About Untu Capital
Founded in 2009 as a micro-finance institution, Untu Capital was born out of a vision to close the financing gap faced by micro-enterprises and SMEs in Zimbabwe.
Untu Capital has grown from a trusted microfinance partner to a national enabler of small business resilience and growth, helping entrepreneurs access working capital, invest in productive assets, and sustain momentum in changing economic cycles.
Untu Capital has its roots in the Ubuntu value system, one of belonging to the community, of oneness and of progress together as a single unit. In this setup, one’s wellbeing is connected to the other’s wellbeing and the phrase “we are because you are” defines how we do business.
As we continue to expand our footprint, we remain anchored in integrity, respect, excellence, innovation and responsiveness so we can keep delivering tailor-made, home-grown financial solutions that help communities prosper.
Untu Capital is led by experienced professionals who have steered the institution through multiple economic cycles while preserving a reputation for reliability, discipline and customer-centred lending. At every stage, the focus remains consistent: ensuring Untu Capital remains stable, relevant and trusted by the communities it serves.
Our leadership strength lies not in any single individual, but in a collective of seasoned experts who combine strategic clarity, governance discipline and deep local market insight. Together, they guide Untu Capital to lend responsibly while enabling growth where it matters most.
Chairman
Bartholomew is the CEO of St Giles Rehabilitation Centre and Chairman of the Zimbabwe Asset Management Company a vehicle set up by the Reserve Bank of Zimbabwe to manage bad loans in the banking sector. He has worked for the Reserve Bank of Zimbabwe and the Bank of Botswana, Fleming Martin Edwards Securities Executive Director-Sales, HSBC Securities as its Managing Director.
Chief Executive Officer
Clive trained and qualified with PricewaterhouseCoopers where he won the Best Student Award for his Final Qualifying Exams in 2005. He is also a CFA charter holder. He spent six years with PricewaterhouseCoopers in the Audit and Corporate Finance departments. Subsequent to that he worked for Actis Capital, an Emerging Markets Private Equity Firm based in London. Clive won the Beit Scholarship to attend the University of Oxford and graduated with a Masters in Business Administration from Linacre College in 2007. He founded Untu in 2009
Non Executive Director
Matthew has worked for GP2 Asset Management, Walter Capital Management (as a trader and then analyst). Matt joined SAC Global Investors as an analyst on the global generalist portfolio, within which he specialised in the basic resource sector. At SAC he managed his own sub-portfolio and advised on core positions in the overall portfolio. In 2009, Matt left SAC and joined Richard L Walter in setting up Sub-Sahara Capital Group.
Non Executive Director
Dorte is the Managing Partner of IPC. She is a highly qualified banking expert with solid senior management experience and in-depth knowledge of MSME finance, and has been working with IPC and the ProCredit group since 1997. Ms Weidig has an MBA from the Goethe University of Frankfurt as well as a teaching degree (1st German State Exam) in business management and Romance languages and literature.
Non-Executive Director
Tatenda is the Chair of the Audit Committee. Tatenda trained with Deloitte and qualified as a Chartered Accountant with them. He served as a Senior Manager in their Tax department. He is currently the Finance Director of Wholesale Gain Cash & Carry.
Non-Executive Director
Edward is a Chartered Financial Analyst. He has previously worked for Sub-Sahara Capital where he was responsible for working with Investee Companies. Edward chairs the Credit Committee Non-Executive Director.
MBA (Oxon)
Marko trained with Deloitte Zimbabwe and qualified as a Chartered Accountant with them. He has served before as the Head of Finance of Untu Capital. Marko is also a holder of a Masters in Business Administration from the University of Oxford
If you’re an investor, development partner or funder looking for impact + return, Untu Capital offers a compelling proposition:
Our strategy combines prudent risk management, local market fluency and disciplined execution so partner capital translates into measurable business outcomes, stronger repayment performance and wider financial inclusion.
• Established history & demonstrated capability: operating since 2009, with a proven lending portfolio and experience managing SME finance in Zimbabwe.
• Clear market demand + underserved segment: SMEs and micro-enterprises in Zimbabwe represent a large, underserved base with persistent demand for flexible, responsive financing, especially for working capital and asset financing.
• Scalable model with room for growth: as we grow our book, expand branches or digital channels (USSD, mobile, etc.), there is potential for increased outreach and impact. (Untu already offers digital platforms: mobile app, USSD and WhatsApp-based services)
• Social impact & financial inclusion: by enabling SMEs to grow, we contribute to employment, economic development, community empowerment, outcomes that increasingly appeal to impact investors or socially-minded funders.
• Strong governance and accountability: our leadership, credit controls and portfolio monitoring systems are built to support transparent reporting, disciplined risk decisioning and confidence for local and international funding partners.
• Execution capacity across channels: with branch presence and active digital touchpoints, we can originate, disburse and service clients efficiently while maintaining responsive support for entrepreneurs in diverse sectors.
• Diversified service offering reduces risk: with multiple loan products (working capital, asset finance, short-term), our exposure is spread across customer needs and business cycles, so we’re not dependent on a single line of business. This diversification strengthens portfolio resilience, supports steadier repayment performance and allows us to sustain growth even when individual sectors experience pressure.
We are looking for partners and investors who believe in SME growth and economic inclusion, willing to inject capital, help expand our branch network, or support our digital transformation. Together, we can scale access to finance for Zimbabwe’s entrepreneurs, drive real growth, and deliver sustainable returns.