Lamba becomes first green tech billionaire in Africa

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Mandla Lamba 400x550 1
Young South African Billionaire Mandla Lamba

Staff Writer

HARARE – Electric Vehicle Company and green technology firm Agilitee Pvt Ltd is eying secondary listings in Europe and the United States of America soon after starting the journey to its Initial Public Offering (IPO) on the Johannesburg Stock Exchange (JSE) earlier this month.

Agilitee founder Mandla Lamba, as a result of the IPO, which intends to raise US$2billion worth a 10% stake in the business, will become the first African green tech revolution billionaire in US dollar terms.

Asked to share the company’s strategy post the IPO, Lamba said, “We will maybe in a year after completion of the IPO look for secondary listing maybe in the UK, America and Europe. It will depend on where most of the US$2billion will come from”

About two weeks ago, Lamba’s firm announced the appointment of AcaciaCap Advisors a JSE approved sponsor for Main Board companies which also acts as a Designated Advisor for the AltX listed companies.

With the IPO of its entire business, Agilitee intends to raise a total of US$2 billion equity capital and this will be conducted through a global capital raising roadshow. The company has just completed reorganization of its business from being a regional player to a global outfit. Agilitee has now formed regional structures under it, Agilitee Africa being the first one and it covers the entire continent of Africa, the company has also formed Agilitee Americas which also covers the whole of North America, Agilitee Asia also covering the whole of Asia.

The company is in the process of forming Agilitee Europe, Agilitee UK, Agilitee UAE and Agilitee South America in the next 12 months.

Lamba who is the founder of Agilitee is now serving as the Founder & CEO of the global structure and listing entity.

Lamba sees tremendous growth potential in the business with experts saying that South Africa based Agiliteen is poised to lead the revolution in Africa.

They argued that the Tech industry forms a majority of the exemplary IPOs in recent times that has raised billions of dollars through IPOs in especially China and the US.

According to them, Agilitee is not only a technology firm but a green technology firm operating in the Electric Vehicle space as well. This, they noted, puts the firm in a very strategic and good position to attract major investors.

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