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MTI sells 12 percent of the shares in Zanrec AB for SEK 2 million

MTI Investment announces today that it has today divested 12 percent of the shares to Holdingsselskabet Claus Jørgensen II ApS for USD 190,000, which with the acquisition will have an ownership of 25 percent in Zanrec. In connection with this change, Martin Rex Empacher also joins the MTI Investments Advisory Board. By reducing MTI's ownership to 49 percent, large savings are achieved for MTI, as future reporting is simplified by eliminating the requirement for consolidation for Zanrec.

Through this transaction, investor Claus Jørgensen (founder of Netcompany Group A/S in Denmark), via his Holdingsselskabet Claus Jørgensen II ApS, increases his ownership to 24.93% percent from 12.93 percent. At the same time, MTI reduces its holding from 61 percent to 49 percent. The valuation is calculated based on the company's turnover in the last 12 months and is estimated at approximately USD 1.6 million.

Founded in 2009, Zanrec is a privately owned waste management company with an experienced management team, and streamlined operations and is poised for future expansion. Zanrec complements Zanzibar's waste collection by partly collecting mostly organic waste from Zanzibar's hotels, but it also has a strong focus on plastic collection and recycling. An appreciated element of Zanrec's operations is the collaboration with German Ozeankind around the concept of Swop shops, where they currently have 6 such collection points, but where they continue to increase the number of collection stations for increased plastic collection.

Zanrec has a market share of approximately 20% of hotels in Zanzibar, and collects approximately 7,000 tonnes of waste per year, a 100 percent increase compared to 2021 - waste that would otherwise be dumped at sea or in the forest - Zanrec makes a positive impact on the environment and also creates many jobs. With Zanrec as a waste management supplier, hotels and tourists are guaranteed responsible waste management. Through an increased focus on plastic collection, Zanrec ensures that large amounts of plastic are instead recycled, and the goal is to reach 50 tons of plastic per month by the end of the year.

Pontus Engström - CEO of MTI Investment SE says: "Despite a challenging sector, we have grown both turnover and volumes significantly in 2022. If we had not also encountered corruption in the north during the second quarter, we would probably have had twice as much turnover and collected even more. To overcome these sorts of problems, an increased commercial and innovative focus is needed, and Claus Jørgensen through Martin Empacher has been a strong support in that work, which is why we are also today bringing Martin into our MTI advisory team."

Martin Empacher - CEO at Yardhouse says: "With this incremental Investment into Zanrec AB, we combine two of our main focus areas at YardHouse Capital Group, Frontier Markets, and a Sustainable Investment Solution. Together with a strong and trustable management group and a group of like-minded investors can we move the needle when it comes to Africa and being a responsible investor in finding solutions and structures that will not only benefit the local people, but the entire World - in this case collecting and manage waste responsibly and profitably, resulting in a sustainable path for all people at Zanzibar and within Tanzania."

Certified Adviser
The Company's Certified Adviser is Mangold Fondkommission AB

For additional information
Pontus Engström, CEO, MTI Investment SE
[email protected]
+46 70 716 55 38

Martin Rex Empacher, CEO; Yardhouse Capital Group
[email protected]
+45 316 407 30

About Claus Jørgensen
Claus Jørgensen is a co-founder of Netcompany Group A/S (NETC), a Danish publicly traded IT consultancy headquartered in Copenhagen, Denmark with a market cap of approximately DKK 35 billion. Claus Jørgensen is in this transaction supported by Yardhouse Capital Group. 

About Yardhouse Capital Group
YardHouse Capital Group is based upon two business areas, a combination of a Global focused Multi-Family Office based in Denmark (YardHouse Family Office) and a highly specialized global agency (YardHouse Global Partners) focused upon Emerging Markets, Frontier Markets, and Global Sustainable Investments Solution with partners in Asia, Africa, Latin America, Europe, and the US. YardHouse Global Partners (part of YardHouse Capital Group) has become a Gateway for investors when it comes to professional solutions and insight into Emerging Markets, Frontier Markets, and Sustainable Investment Solutions. 

About MTI Investment
MTI Investment SE is a Nordic investment and venture-building company, founded in 2014 by a team with extensive experience in emerging markets to invest in East African small and medium-sized enterprises ("SMEs") with high value-adding potential. The Company is active in the expansive East African market, and by being a long-term and active owner, MTI Investment helps its portfolio companies grow faster and become more profitable. The Company invests primarily in innovative and scalable companies that have the potential for a significant positive impact on society.

This information is information that MTI Investment SE is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out above, at 10:00 CET on 2022-11-18.

MTI increases in Fintech Africa to 5.3 percent

STOCKHOLM, SWEDEN - MTI Investment SE ("MTI" or the "Company") with ticker MTI announces today that it is increasing its ownership in the fast-growing FinTech Africa to 5.23% in a cash equity issue, investing SEK 500,000 to fund the company´s continued expansion in Tanzania and East Africa.


MTI säljer 12 procent av aktierna i Zanrec AB för SEK 2 miljoner

MTI Investment meddelar idag att man idag har avyttrat 12 procent av aktierna till Holdingsselskabet Claus Jørgensen II ApS för 190 000 USD, som i och med förvärvet får ett ägande om 25 procent i Zanrec. I samband med denna förändring går även Martin Rex Empacher in MTI Investments Advisory Board. Genom att MTI:s ägande minskas till 49 procent uppnås stora besparingar för MTI, då framtida rapportering förenklas genom att man för Zanrec därmed slipper kravet på konsolidering.


MTI sells 12 percent of the shares in Zanrec AB for SEK 2 million

MTI Investment announces today that it has today divested 12 percent of the shares to Holdingsselskabet Claus Jørgensen II ApS for USD 190,000, which with the acquisition will have an ownership of 25 percent in Zanrec. In connection with this change, Martin Rex Empacher also joins the MTI Investments Advisory Board. By reducing MTI's ownership to 49 percent, large savings are achieved for MTI, as future reporting is simplified by eliminating the requirement for consolidation for Zanrec.


Core Holdings Update Q3 2022


On investment opportunities in food and water - meet CEO Pontus Engström at the SWEACC breakfast event on November 16th, 2022

STOCKHOLM, SWEDEN - MTI Investment CEO Pontus Engström will discuss their experiences in East Africa in the agri sector, including the recently announced investment in sustainable protein company Chanzi. The event is hosted by SWEACC - the Swedish East African Chamber of Commerce.


MTI Investment SE completes the acquisition of 56 percent of the shares in Techbridge Invest AS

STOCKHOLM, SWEDEN - The board of directors in MTI Investment SE (ticker: MTI) ("MTI" or the "Company") can today announce that it today, on 17 October 2022, has entered into a share purchase agreement with Fetter Anton Invest AS (controlled by Ida and Sondre Rideng) regarding the acquisition of 56 percent of the shares in Techbridge Invest AS. The closing takes place today. The total purchase price amounts to SEK 1,245,773.1 and is paid in the form of 319,429 newly issued shares in MTI. The board of directors has, therefore, based on the authorization from the annual general meeting on 9 June 2022, resolved to issue 319,429 new shares to the seller Fetter Anton Invest AS.


MTI Investment invests SEK 1.1 million (EUR 103.000) in fast growing, sustainable animal feed company Chanzi

STOCKHOLM, SWEDEN - In a financing round led by FINCA International, Inc., MTI Investment has invested USD 100.000 in a convertible debt note in Chanzi Limited, a leading East African producer of sustainable and nutritious animal feed that specializes in converting food waste with the help of black soldier fly larvae.


Join MTI in our January investor trip to Zanzibar

STONE TOWN, ZANZIBAR - Welcome to join the MTI investor trip to Zanzibar during January 15-18, 2023.


MTI Investment SE has signed a term sheet with the intention of acquiring 56 percent ownership, valued at SEK 1.2 million, in Techbridge Invest AS

STOCKHOLM, SWEDEN - MTI Investment SE (MTI) announces today that it has signed a term sheet about an intended acquisition of 56 percent of the shares, valued at SEK 1.2 million, in Techbridge Invest AS. The transaction is to be carried out through a share swap. The intended acquisition strengthens MTI's ability to take part in capacity building, accelerate and scale up small and medium-sized companies in East Africa, Kenya, and Uganda. It also improves MTI's investments into fintech and solar energy through the holdings in Techbridge Invest AS.


JANUARY 2023 MTI INVESTOR TRIP

Welcome to the 2023 MTI Investor Trip to Zanzibar, Tanzania. The weather is expected to be nice and sunny. Join alone, or bring a partner or interested child. They will all be able to enjoy this trip.


MTI half-year report (H1) 2022

"Over the past eight years, our investments have generated huge social impact - hundreds of jobs, healthy food products, houses, bank branches for improved access to finance, genuine and safe cosmetics, and saved nature from thousands of tons of waste. Our companies, even though challenges remain, are now more than ever focused on profitable growth, and particularly satisfying to see that Shambani Milk made a strong lift after seeing its performance drag for several quarters."
Pontus Engström, CEO of MTI Investment


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