Industrial and commercial solutions
Energy, cooling and pumping projects for businesses and institutions.
- Solarpro
- EnergyPlus
- Airco
- Pumpro
NextCap. Capital. Evolved.
Who we are
Our ambition is to be the capital partner Botswana’s builders call first: patient where a business is growing, disciplined where the risk is real.
NextCap sits in the Financial Services division of DLX Africa, a group of ten businesses across industrial projects, trading and distribution, financial services and consumer services. We exist so that every business in the group, and every promising firm around it, has capital when it needs it.
Explore our model4
Divisions in the DLX Africa group, each built to run on its own leadership
10
Businesses across energy, trade, insurance, finance and learning, including NextCap
16
SADC member states, the region we are building towards
Group structure as at October 2026. Figures describe the DLX Africa group, of which NextCap is part.
Our model
Capital follows the customer
Most financiers wait for a business plan. We start with a sale. Our trading and project units serve customers every day, and each sale shows us who is growing, what they need next and what it is worth to back it.
What we do
Four ways capital goes to work
Funding for the stock that moves through our trading and distribution units, and for the customers who buy from them.
- Supplier and inventory funding for group units
- Payment terms that keep customer orders moving
- Repaid from the sale it funds
Working capital for industrial and commercial projects, from solar and energy efficiency to cooling and pumping systems.
- Funding released against project milestones
- Delivery by specialist unit teams
- One relationship from quote to completion
Early investment in small Botswana firms with room to grow, and the digital tools and customers to scale them online.
- Stakes in selected small and medium businesses
- Access to group customers, suppliers and shared services
- Online sales and systems support from the start
Disciplined allocation of group capital across businesses, tied to agreed targets and reviewed against cashflow.
- Funding released against agreed performance
- One view of capital across the group
- Regular review of returns and cashflow
How we invest
Four rules we do not bend
They keep a small, young group focused while it builds a larger one.
Follow real demand
We fund activity that already has customers. A confirmed order is worth more to us than a forecast.
Stay asset-light
We prefer structures that need less fixed capital and bring it back sooner, so each pula works more than once.
Partner with the people who run it
Skilled operators lead each business and decide close to the customer. We supply capital, systems and support.
Govern closely
Clear authority limits, matters reserved to the board, and regular review of every business we fund.
Portfolio
One group, ten businesses to back
NextCap capitalises the products and projects of the whole DLX Africa group, and looks for early-stage firms that fit alongside it.
Trading and distribution
Industrial and commercial products in energy, IT, HVAC, pumps and electrical.
- Powerpro Distributors
- TechCity
Financial services
Capital and cover for the products, projects and people in the group.
- NextCap
- NextSure
Consumer services
Learning and skills programmes that build capability in people and firms.
- UA Programs
- Betterminds Learning
Leadership
People who run the business
We partner with skilled operators and give them real authority. Leadership is decentralised, so decisions sit with the people closest to customers and accountable for results.
Blessing Mugumwa
Co-Founder & Chief Executive Officer
Sets NextCap’s direction and leads the executive team. Accountable to the board for results, for the relationships we build and for the standards we hold ourselves to.
Kealeboga Tumelo
Co-Founder & Chief Investment Officer
Leads investment strategy and the investment process, from sourcing and structuring to monitoring every business we fund.
Mirriam Mamvura
Chief Finance Officer
Leads finance, reporting and controls, and the financial discipline behind every funding decision.
Lead a business. Build something that lasts.
We are recruiting senior leaders to run divisions and businesses in the group. If you have run a business and want to build one with backing, talk to us.
Careers at NextCap- Division directors
- Business unit leaders
- Finance and operations leads
News & insights
What we are reading about Botswana and Africa
Short, sourced essays on the economy, small firms, energy, trade and capital in Botswana and the region.
Botswana
Botswana’s rebound is real. The harder test comes after diamonds
Second-quarter growth of 8.7% was driven almost entirely by diamond mining. What the numbers say about the rest of the economy, and where patient capital can help.
October 20265 min readCapital
What 7.8% inflation means for the cost of capital in Botswana
Inflation is easing but still above target, the policy rate is 5.5%, and the 2026/27 budget raises taxes. Why tighter conditions favour disciplined, short-cycle funding.
October 20265 min readSMEs
Small firms need more than money
Botswana’s main SME lenders are shifting from single loans to whole value chains and bankability support. What that tells us about how early-stage capital should work.
October 20264 min readContact
Start a conversation
Whether you invest, run a business that needs capital, or want to lead one with us, tell us where you fit and what you are working on.
- [email protected]
- Telephone
- +267 XXX XXXX