Industrial Development is a government-backed investor and private equity firm. Based in Lusaka, Zambia. The known portfolio counts 9 companies, including AMEA Power, Ann-Connect, DataProphet, West Wits Mining, Giyani Metals and Minbos Resources.
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Investment focus
Who to pitch at Industrial Development
Industrial Development portfolio companies (9)
- AMEA Power
- Ann-Connect
- DataProphet
- West Wits Mining
- Giyani Metals
- Minbos Resources
- Pele Energy Group
- Frontier Rare Earths
- Theta Gold Mines
Co-investors
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About Industrial Development
The firm's listing covers sectors AI, Climate, Food and Hardware, and focus areas AgriTech, Battery, Clean Energy and Development Finance; known deals cluster at Late-Stage, Pre-Seed and Seed.
The contact to approach at Industrial Development is Mulumba Lwatula (Investor).
Across the known portfolio, 16 co-investors appear alongside Industrial Development, including Tribeca Investment Partners, Opec Fund and Standard Bank Group.
Frequently asked questions
What is Industrial Development?
Industrial Development is a government-backed investor and private equity firm based in Lusaka, Zambia, with a known portfolio of 9 companies. The portfolio comes from public investment records rather than from the firm, so deals that never surfaced publicly are not in it.
What does Industrial Development invest in?
Listed sectors include AI, Climate, Food and Hardware; listed focus areas include AgriTech, Battery, Clean Energy and Development Finance. Those tags come from the portfolio attached to the firm, so they describe what has been backed rather than a stated mandate for what comes next.
What stage does Industrial Development invest at?
The known deals of Industrial Development include Late-Stage, Pre-Seed and Seed rounds. Check that against your own round before reaching out: stage mismatch is the most common reason a well matched sector still goes nowhere.
Who should I pitch at Industrial Development?
One person at Industrial Development is on file, listed as a contact for the firm, with their own profile page.
How do I contact Industrial Development?
Any email address on file for the firm is masked on this page and readable inside RaiseHunt after you create an account. The one person attached to the firm has their own page, which shows whether an address is on file for them.
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Data: RaiseHunt investor dataset · Snapshot 5 September 2026 · How this data is built · Report a correction or request removal