When Anandi Capital was founded in 2018, we set out to build a different kind of Investment Firm, one that nurtures a dynamic team with a regional perspective to generate strong returns and develop innovative solutions for our investors. Anandi Capital is the first licensed women-founded and owner-led Alternative Investment Firm in Botswana focused on the African Continent, with particular focus on Southern Africa. The firm specializes in Private equity, Private debt and Advisory. The Firm's mission is to provide long-term patient capital to scalable women owned and/or majority women owned businesses in Southern Africa. We focus on businesses that are currently underserved by larger financial institutions and provides growth capital to business sectors positioned to benefit from economic growth drivers such as agro-processing, consumer goods, technology, education, healthcare, manufacturing, tourism or services linked to mining related industries and financial services. The team based in Gaborone is led by the founder, Carol Jean Harward. It is made up of experienced professionals with backgrounds in investment management, structured finance, entrepreneurship and engineering. We are in the business of supporting disruptive companies with the potential for scalability and growth.
Over 60 years of combined experience in private equity, private debt, fundraising and investment management.
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We navigate complex business terrains and provide data-driven market intelligence to our clients.
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We work with various business owners to review and validate business models and financial forecasts with a view towards creating the right incentives for a successful fund-raising phase.
Our partnership with a sizable network of regional and international investors coupled with our strong relationships with local investors and domestic banks gives us a competitive edge in the marketplace.
Our fund-raising mandates are handled with the utmost degree of client confidentiality. We also ensure each transaction is allotted the requisite amount of resources necessary to bolster the prospects of timely and successful close-out. We work closely with our clients to source the most optimal financing options for capital injection at the best possible terms looking at the following funding options:
We are committed to providing long-term patient capital to scalable businesses. Our gender-lens strategy ensures that at least 50% of our Fund is allocated to women-owned businesses — actively closing the finance gap in Southern Africa.
We go beyond capital: through hands-on involvement, coaching, and operational enhancements, we actively support investee companies to drive financial success.
Average ticket size per investment
Fund allocated to women-owned businesses
Invest - Monitor - Empower model
Africa focus with pan‑African scope
Over 18 years’ experience in fund management and investment banking, having worked with Ninety-One (formerly Investec Asset Management), African Alliance, Barclays/ABSA, World Bank (IFC), and Norsad Capital, where she served as Investment Director leading private credit and quasi-equity transactions from origination to exit.
Currently Chairperson of Women First Fund, Independent Non-Executive Director and Investment Committee Chair of Choppies Enterprise Limited, and former vice-Chairperson of the Botswana Bond Market Association.
B.Finance-University of Botswana
MBA (Finance)-University of New Brunswick
CIIA® Charter Holder
Certified Director (IoDSA)
On-the-Ground Knowledge
Our deep understanding of local and regional markets enables us to provide practical financial advice tailored to each client’s unique business environment.
Technical Expertise
Our team’s experience in investment management and corporate finance ensures precision-driven advisory and investment strategies.
Professional Network
We connect our clients with key industry stakeholders, ensuring access to the latest market intelligence and strategic collaborations.
Whether you're a women-led business seeking growth funding, or an investor looking for high-impact opportunities in Africa-we'd like to hear from you.
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