Mwana Group Limited
Offer for Subscription on the Zimbabwe Entrepreneurship Exchange (ZEEX)
Raising up to US$1,000,000 through the issue of 20,000,000 Ordinary Shares at US$0.05 each. Scaling Zimbabwe’s leading indigenous automotive filtration manufacturer and launching the Mwana Tractor assembly plant.
Mwana Group Investment Calculator
Calculate your allocation, total investment, and post-listing shareholding percentage based on the official offer price of US$0.05 per share.
Subscription Parameters
Investment Summary
4 Integrated Strategic Business Units (SBUs)
Mwana Group is structured to provide end-to-end solutions for Zimbabwe's 102,500+ commercial vehicle and heavy machinery parc.
Mwana Filters
Core SBU • 20 to 1,000 / DayThe only locally owned filter manufacturer in Zimbabwe. Produces air, oil, fuel, and hydraulic filters for trucks, buses, mining, and agricultural machinery.
Mwana Parts
Exclusive DFT DistributorExclusive distributor of DFT truck spare parts in Zimbabwe since 2020. Supplies high-demand replacement parts to commercial fleets and logistics companies.
Mwana Lubricants
SADC Region ApprovedFormulated for heavy African operating conditions. High performance 15W40 engine oils and hydraulic fluids approved for distribution across SADC corridors.
Mwana Engineering
Workshop & Field MaintenanceFull service automotive, fleet, and mining equipment workshops with certified mechanics, UD/Volvo diagnostics, and emergency on-site field support teams.
Mwana Tractors – CKD Assembly (ED80)
Transforming Zimbabwean agriculture through local manufacturing, technology transfer, and national empowerment.
- Chinese SOE Partnership: Technical licensing agreement with an international manufacturer exporting tractors since the 1960s.
- Localisation Roadmap: Begins at 10% in Dec 2026 (local filters, batteries, counterweights, metal fabrication), rising to 60%+ by 2030.
- University of Zimbabwe Engine MoU: Formal MoU executed to research and develop Zimbabwe's first indigenous tractor engine.
- Target Assembly: 500 – 1,000 tractors annually supporting regional mechanization.
The Mwana ED80 Tractor – CKD Assembly commences December 2026
Detailed Operational Themes
Mwana Filters – Scaling from 20 to 1,000 Units/Day
Mwana Filters is Zimbabwe's only locally owned and manufactured automotive filter brand, delivering under the motto "For Total Filtration Solutions". Our production covers heavy commercial trucks, buses, tractors, mining plant equipment, and light vehicles.
Management estimates that the Company currently forgoes in excess of 95% of potential sales due strictly to working capital constraints and stock availability. Capital raised will deploy into state-of-the-art pleated filter production machines and raw materials to scale output immediately to 1,000 filters per day.
Use of Proceeds & DFE Valuation Model
The US$1,000,000 capital raised is strictly ring-fenced under joint escrow at CABS Platinum to accelerate growth.
Allocation of Offer Proceeds (US$1.0M)
Valuation & Revenue Trajectory
5-Year Revenue Forecast Trajectory (US$):
| Year | Filters (US$) | Parts & WS | Tractors | Total Sales |
|---|---|---|---|---|
| 2026 | $129,334 | $313,184 | – | $442,518 |
| 2027 | $7,800,000 | $1,595,422 | $2,500,000 | $11,895,422 |
| 2028 | $8,580,000 | $1,754,964 | $2,750,000 | $13,084,964 |
| 2029 | $9,438,000 | $1,930,461 | $3,025,000 | $14,393,461 |
| 2030 | $10,381,800 | $2,123,507 | $3,327,500 | $15,832,807 |
Founding shareholder Mutenda Family Trust has bound its 68.45% post-offer holding for five full years, guaranteeing unwavering alignment with public investors.
Listing Documents & Application Forms
Read online or download the official Prospectus, the Investor Subscription Form, and the ZEEX Account Opening Form.
Mwana Group Listing Document (Prospectus)
Comprehensive 48-page regulatory listing document containing the Letter from the Managing Director, Audited Historical Financials (FY23–FY25), ISAE 3000 Assurance Report, 5-Year Forecasts, and SBU disclosures.
Subscription Agreement & KYC Form
Official application form for retail (min US$100.00) and corporate (min US$1,000.00) applicants. Contains the CABS Escrow account payment information, applicant details, and KYC lodgement instructions.
ZEEX Securities Account Opening Form
Mandatory account opening form to create an electronic Central Securities Depository (CSD) trading account on the Zimbabwe Entrepreneurship Exchange (ZEEX, operated by ZSE) to receive and trade your shares.
How to Subscribe for Mwana Group Shares
Follow these 3 simple steps to complete your subscription before the Friday, 27 November 2026 deadline.
Download & Fill Forms
Download the Subscription Agreement and complete Section (A) in block capitals.
- Individuals: Certified ID/Passport + Proof of residence (less than 3 months old).
- Corporates: Cert. of Incorporation, CR14/CR6, Directors' IDs, and Board Resolution.
Remit USD Funds
Deposit or transfer your total subscription funds in US Dollars (USD) into the designated Escrow Account at CABS:
| Bank: | CABS Platinum |
| Branch: | HIGHLANDS |
| Sort Code: | 24000 |
| Swift Code: | CABSZWHAXXX |
| Account Name: | Mwana Group Limited |
| Account No: | 1156310296 |
Submit Application
Send your completed form, KYC documents, and Proof of Payment (POP) before 27 November 2026 at 17:00 hrs via:
Professional Advisors & Escrow Custodians
The transaction is sponsored by InvestIQ Oak Wealth Private Limited and administered by leading Zimbabwean capital markets institutions.
InvestIQ Oak Wealth (Pvt) Ltd
Licensed Securities Dealer & Member of the Zimbabwe Stock Exchange
Corpserve Registrars (Pvt) Ltd
Transfer Secretaries & Nominee Administration
Legal Advisers
Chikwangwani Tapi Attorneys
Eastgate Shopping Mall, Harare
Independent Auditors
Sahel Chartered Certified Accountants
Greystone Park, Harare
Principal Banker & Escrow
CABS Platinum
Northend Close, Highlands, Harare