# Zebu Investment Partners

Zebu Investment Partners is a Private Equity based in Accra, Ghana.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Accra, Ghana
- **Region:** Africa
- **Address:** Accra, Ghana
- **Founded:** 2012
- **Assets under management:** $134M (per the firm)
- **Website:** www.zebuinvestments.com
- **LinkedIn:** https://www.linkedin.com/company/zebu-investment-partners

## Regulatory record

- **Reports private funds:** No

## About

Zebu Investment Partners (ZIP) is a private equity fund manager. It is a pan-African fund with a vision to change the way Africa views food production, sustainability and investment. ZIP currently has 2 investment funds and focuses on enabling food security across Africa.

## Sectors

- AgriTech & FoodTech

## Offices

- Johannesburg, South Africa
- Mapou, Mauritius

## People

- Brian Frimpong — Managing Partner

## Questions

### What is Zebu Investment Partners' investment mandate?

ZIP invests exclusively across the African food value chain. Its strategy spans growth equity and buyout transactions in companies involved in agricultural production, food processing, and distribution, with the stated goal of enhancing Africa's food security and self-sufficiency (per the firm).

### How does Zebu structure its investments?

ZIP operates through its African Food Security LP fund series, targeting both equity buyouts and structured growth investments. The firm has demonstrated an ability to blend credit-oriented instruments, such as the initial trade finance facility provided to AMC Trade Finance, with subsequent full equity control transactions (per the firm, 2023).

### Which portfolio companies has Zebu backed?

Disclosed investments include AMC Trade Finance, a specialist trade finance firm serving agricultural counterparties that ZIP first backed in 2020 and later fully acquired, and Elgin Free Range Chickens Holdings, a vertically integrated South African poultry producer with farming, processing, and branded distribution operations (per the firm).

### Who runs investment decisions at Zebu Investment Partners?

Brian Frimpong is the Managing Partner of Zebu Investment Partners and the most senior named decision-maker. Dennis Matangira has also been identified publicly in a leadership context, for example representing the firm in the Oxford Private Markets Investments Programme alongside commentary on food supply chains (per the firm).

### Where does Zebu invest geographically?

ZIP is a pan-African fund with a disclosed presence in Ghana, South Africa, and Mauritius. Its portfolio companies operate in markets that include South Africa, while the firm’s sourcing mandate covers the full continent’s agricultural and food economies.

### Does Zebu participate in fund commitments or only direct deals?

ZIP operates exclusively through direct investment, constructing its own portfolio of operating companies along the food value chain. There is no disclosed fund-of-funds or LP commitment activity to external Africa-focused PE managers.

### What is Zebu's known posture on co-investments alongside external GPs?

The firm has not publicly articulated a co-investment program. Its disclosed transactions, such as the buyout of AMC Trade Finance and the acquisition of Elgin Free Range Chickens, appear to be wholly proprietary deals sourced and executed by ZIP’s own team.

## Related profiles

- [Zebra Ventures](https://altss.com/profile/zebra-ventures)
- [ZE Capital Investment Management](https://altss.com/profile/ze-capital-investment-management)

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Last updated: 2026-08-11T15:08:42.881Z

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