𝐖𝐂𝐀𝐏 𝐋𝐈𝐌𝐈𝐓𝐄𝐃 𝐄𝐗𝐄𝐂𝐔𝐓𝐄𝐒 𝐀𝐍 𝐈𝐍𝐕𝐄𝐒𝐓𝐌𝐄𝐍𝐓 𝐈𝐍 𝐃𝐄𝐋𝐈𝐂𝐈𝐎𝐔𝐒 𝐌𝐈𝐋𝐋𝐈𝐍𝐆 𝐋𝐈𝐌𝐈𝐓𝐄𝐃

Lusaka, Zambia 13th February 2026 — wCap Limited has completed an investment in Delicious Milling, a Zambian FMCG agro-processing company operating a maize milling facility supplying staple foods across the country. The facility will provide growth capital to support operational expansion, and increased production capacity. The transaction reflects wCap’s strategy of providing structured medium-term private credit solutions to capital-efficient businesses operating in underserved, high-impact sectors across Southern Africa.

Delicious Milling operates in a sector critical to food security, local value addition, and economic resilience. The investment will strengthen its maize procurement capacity and enhance operational stability. The business produces and distributes staple maize-based milling products to major national retail chains, independent high-density retailers, and district-level bulk distributors across the country and selected countries in the region. Through its network of farmers and aggregators, the company contributes to rural incomes and strengthens Zambia’s agricultural value chain. Its maize brand by-product further supports the livestock feed sector, reinforcing circularity within the food system.

“This investment gives us the stability to procure maize efficiently, manage costs better, and maintain consistent supply to our customers,” said Peter Cottan General Manager of Delicious Milling. “In the milling industry, predictable working capital and operational reliability are critical to success.”

The Partners at wCap stated, “Our investment in Delicious Milling reflects our commitment to supporting resilient, early-stage businesses operating in essential sectors of the Southern African economy. We provide structured private credit to align with cash-flow realities, enabling businesses to scale responsibly and sustainably. Food processing and agricultural value chains remain fundamental to economic stability, and we are pleased to partner with a business that demonstrates operational efficiency and compelling growth fundamentals.”

𝐀𝐛𝐨𝐮𝐭 𝐰𝐂𝐚𝐩

wCap Limited is Zambian based Investment Management Firm that provides structured financing solutions to early-stage, high growth businesses in Zambia and Southern Africa. The firm specialises in deploying medium-term facilities aligned to business cash-flow cycles in sectors that contribute to economic resilience and inclusive growth. wCap is regulated by the Securities and Exchange Commission of Zambia.

This announcement is provided for information purposes only and does not constitute an offer to sell, or a solicitation of an offer to subscribe for or purchase, any securities or investment products in any jurisdiction.