OUR APPROACH

We seek to create value with our clients and partners by offering them quality service, informed insight and productive skills.

This takes innovation, hard work and a detailed understanding of what’s really happening on the ground, especially in our territories. Whether it is a high-level government meeting or a consultation with a local community, we try to be consistent with our approach - respectful, well-prepared and useful.

With our range of experience across continents and sectors, we are well placed to bridge the gaps between emerging and developed economies, financiers and investors.

Our experience shows that cultural sensitivity, persistence and attention to detail are key factors for success in these difficult markets. We aim to be known for ‘going straight to the point’ and ‘getting things done’.

   PROJECT DEVELOPMENT    INVESTMENT ADMINSTRATION

We make it possible to seize business opportunities through business & project development and implementation.  

We guide and support on issues relating to the commercial and regulatory framework.

  • Business Development, Project Development & Implementation;
  • Government and related stakeholder relationships;
  • Private Partnerships, Govt. Agreements, Operational Permits and Licenses.

                impact investing INVESTMENT ADMINSTRATIONs

We’ll guide the alignment of your profit with your social purpose.  


Our impact investing research and consulting practice helps clients effectively deploy capital and manage investments in alignment with the UN’s Sustainable Development Goals.

  • Support DFI’s, agencies and private sector to create social and environmental benefit projects;
  • Capital raising and connecting impact investors with companies & projects in the impact investment space.

CORPORATE ADVISORY & INVESTMENT ADMINSTRATION

We deliver support in all aspects of the administrative, regulatory, financial and operational chain. 

Our target clients are Investment Funds, Infrastructure and Real Estate Assets.

  • Feasibility, Market Studies & Investment Opinions;
  • Guidance and support on commercial and regulatory framework;
  • Guidance and support on local decisions in relation to the setting up of the operation, such as location, local suppliers and all other related needs.

INVESTMENTS

Lights

Name: Cuamba Solar Power

Role: Developer/Investor

Size: 15 Mwac + BESS

Partner: Globeleq

Inv $: US$ 26 Mio

Status: Under Development

Sector: Solar PV Energy

Location: Mozambique

Lights

Name: Namaacha Wind Power

Role: Developer/Investor

Size: 120 Mwac

Partner: Globeleq

Inv $: US$ 250 Mio

Status: Under Development

Sector: Wind Energy

Location: Mozambique

Lights

Name: Ignite

Role: Ignite Power

Size: 300,000 SHS

Partner: Ignite Power

Inv $: US$ 30 Mio

Status: Operational

Sector: Household Solar

Location: Mozambique

Lights

Name: Manhiça Wind Power

Role: Developer/Investor

Size: 60 Mwac

Partner: Globeleq/WindLab

Inv $: US$ 120 Mio

Status: Under Development

Sector: Wind Energy

Location: Mozambique

Lights

Name: Compusan Experian

Role: Developer/Investor

Size: NA

Partner: Experian

Inv $: US$ 2 Mio

Status: Under Development

Sector: Finandal Services

Location: Mozambique

Lights

Name: Sprint

Role: Developer/Investor

Size: NA

Partner: Grow Publicidade

Inv $: US$ 2 Mio

Status: Operational

Sector: Outdoor Media

Location: Mozambique

Lights

Name: Majuca

Role: Developer/Investor

Size: NA

Partner: BrandLovers

Inv $: Undiclosed

Status: Operational

Sector: Import/Logistics

Location: Mozambique

OUR EXPERIENCE

15

Investment
Projects

18

Advisory
projects

$3.7B

Investment &
Advisory
Deals

5 +

Countries

> Take a look at OUR INVESTMENTS

4

Investment
Projects

$1.6B

Investment &
Advisory
Deals

2 +

Countries

> Take a look at OUR INVESTMENTS

2

Advisory
projects

$90M

Investment &
Advisory
Deals

2 +

Countries

> Take a look at OUR INVESTMENTS

3

Investment
Projects

6

Advisory
projects

$4B

Investment &
Advisory
Deals

5 +

Countries

> Take a look at OUR INVESTMENTS

MEET THE TEAM

Pedro Coutinho

Founding Partner / CEO


With over 20 years of experience in finance and venture capital Pedro spent the last 12 years African Continent, namely Angola, South Africa and Mozambique, where he was investment manager in the Property; Energy and Financial Services Industries.
Pedro started with Espírito Santo Group, initially with the Private Equity arm of the business. When in Africa, Pedro was leading Business Development for Espírito Santo Group in Angola, South Africa and Mozambique with focus on the (Property; Energy and Financial Services). Pedro led the feasibility of just over 2,500 MW of Renewable Energy and over 100.000 sqm of corporate commercial and office property in South Africa and Mozambique respectively.
In 2015 Pedro incorporated Source Capital, headquartered in Maputo.

Kevin Fleischer

Founding Partner


With 30 years experience in finance and venture capital, in advising and investing in South, West and East Africa, UK and the Middle East, Kevin worked in Corporate Finance at Morgan Stanley in New York and London, before becoming a Partner at a UK-based emerging-markets structured finance firm. He was a registered member of the then UK Securities and Futures Authority. From 2002 to 2005, Kevin was the founding CEO of Blue Catalyst, a venture capital project of the South African government. He was a member of the Executive Committee of the South African Venture Capital Association. Kevin consults to government and industry on media, education and small business policy, and is a fellow of the Aspen Institute’s Africa Leadership Initiative. He has a BA in Economics from the University of the Witwatersrand, and a Masters in Finance from Oxford.

Filipa Manoel

Executive


Filipa joined in September 2015 where she has been involved in Corporate and Project Finance as well as Project Management on 200 MW of Renewable Energy Projects. With a Master’s degree in Business from Universidade Nova de Lisboa, Filipa has worked with Espírito Santo Investment Bank in Portugal and later joined Moza Banco in Mozambique. She has experience in Corporate Finance and Advisory, was involved in several real estate and tourism deals. She has also worked with the major DFI’s operating in Mozambique.

Candida Macurra

Junior Executive


With 4 years of experience, Cândida was part of the Graduate Program 2016 at ABSA Bank, where she was a trainee in the Legal Department as a content assistant, Governance and Control as money-laundering analyst, performed as relationship manager assistant and debt assistant in Corporate and Investment Banking.
Cândida joined Source Capital in 2017 where primarily she supports Project Management of all Source projects and currently is focused on Development for Energy Projects.

Nércia Sumbane

Junior Accountant


Nércia joined Source Capital in January 2020 as Junior Accountant in the finance department. Before that, she spent four years studying Business Management at ISCTEM – Instituto Superior de Ciências e Tecnologias de Moçambique and studying English at Institute of Languages of Mozambique.

Jorge Cachaço

Accountant


With a bachelor’s degree in business management by ISCTEM and over 20 years experience in Accounting, Audit and Financial Management, having provided audit, tax and accounting consulting for more than 30 companies in different business activities, Jorge joined Source Capital in 2019 where he has been involved in Investment Management and all Finance and Administrative activities of 200 MW of Renewable Energy and 30,000 sqm of Real Estate.
Jorge worked as head of accountant division of audit international company Grant Thornton Mozambique, also as head of finance division of Gravita Mozambique, a leading company in the metals
industry, and was founding partner of CC & SC, a Mozambican tax advisory firm.

Joaquim Rebelo

Junior Executive


Has a degree in Economics at Eduardo Mondlane University.
Made part of Internship at Société Generale Mozambique and Graduated Program at Millennium Bim which consisted of learning and developing improvement projects for each department.
Experienced with market research, designing and managing projects with feasibility and market studies.

Zein Faruk

Specialist Senior Adviser


Zein is a specialist senior adviser at Source Capital. He has an Honors degree in Business Management from Instituto Superior de Ciências e Tecnologias de Moçambique, and has four years of experience in the banking sector at Millennium BIM and BCI. Thereafter he was a Senior Consultant at PwC Mozambique where he was an advisor in several M&A, Mining and Financial Services deals. He joined Source Capital in 2015, and leads the technical support function relating to tax, accounting, compliance and foreign exchange.



News



More than 2.5 million Mozambicans may gain access to solar energy

Source Energia, a division of the Source Capital group, announced in September 2020 that one of its investee companies, Ignite Mozambique, had closed a funding facility of US$2.2 million with the DBSA, for

> READ MORE

City Council partners with Sprint for new bus stops in Maputo

Sprint, an investee company of Source Capital, has re-branded __ of its bus-stops in Maputo, in collaboration with [Aguas da Regiao de Maputo] to reinforce Covid-19 messaging to the public. The bus-stops

> READ MORE

Globeleq plays the long game in Africa

Source Capital will co-invest with Globeleq in the development of a 15 MW on-grid solar power facility in Cuamba, Mozambique. Construction is intended to start in Q4 of 2020, and will include a battery st

> READ MORE