Verofax Africa

What they do:

Verofax Africa is a JV partner with Abu Dhabi-based Verofax Ltd, that creates unique, and customized solutions for Africa covering supply chain traceability, anti-counterfeiting measures, aiding tax collection and customs productivity, and equipping enterprises and Governments with data for financial inclusion. Verofax Africa utilizes Verofax Ltd's technology as the engine for these solutions and creates unique IP to drive value for their partners and stakeholders.

Why we invested:

Verofax Africa’s strategic alignment with sustainable validation regulations, make it a pivotal solution for retail and e-commerce platforms, fostering lifestyle assessments and driving Net-Zero initiatives. With a focus on consumer goods, retail/e-commerce, and lifestyle sectors, Verofax positions itself to thrive in targeted markets, including Zambia, Ghana, Nigeria, Ivory Coast, and Kenya. This forward-looking approach and alignment with regulatory trends present Verofax as an impactful and promising investment opportunity.

The Founder:

Andrew Chisembele is the Founder and CEO.

Active in:

Zambia