Olibul Investments Limited

Company Description

Olibul Investments Limited is a Zambian company established in 2011, operating from Solwezi in Northwestern Province. We specialize in quarrying and manufacturing industrial minerals (lime, gypsum, metallurgical sands), construction aggregates, multi-disciplinary engineering services, freight logistics, and petroleum products across Zambia and sub-Saharan Africa.​​​​​​​​​​​​​​​

Countries of Operation

Zambia

Ownership of Company

Local Company (100% Local)

Number of years since incorporated

14

Project Pitch

SHANKENGE LIMESTONE AND ENERGY GENERATION INDUSTRIAL PARK. Shankenge Industrial Park is a large-scale circular economy limestone beneficiation and industrial production hub strategically located in Zambia’s North Western Province, near the Copperbelt and just 190 km from Kolwezi (DRC). The project leverages Zambia’s vast limestone reserves and proximity to regional mining and construction markets to establish an integrated cluster with three anchor plants: a 600 TPD quicklime manufacturing facility, a 5,500 TPD Portland cement plant, and a 300 TPD synthetic gypsum factory, Semidol production, Supporting infrastructure includes power grid connections, water systems, 20 km of all-weather access roads, and a township for 850 families.

The business model focuses on import substitution and regional supply, targeting Zambia and the DRC’s rapidly growing mining, construction, and infrastructure sectors. By co-locating key processing plants within one industrial park along the LOBITO CORRIDOR, the project captures synergies in raw material supply, waste-to-resource valorisation, and shared infrastructure. Operations are designed for scalability and open to Foreign Direct Investment through joint ventures.

Team

The Shankenge Industrial Park team, led by Olibul Investments Ltd, demonstrates robust competency in executing large-scale mining and infrastructure projects. Co-founders Lubilo Mate and Brett Shere bring over 12 years of experience in Zambia’s North-Western Province, including successful silica sand mining operations supplying ~300,000 tons to First Quantum’s Kansanshi Mine, community re-investment models, and securing $1.6M in financing. Their Rev-Up Ventures portfolio advances utility-scale solar + storage IPPs, like the 200MW Mulonga-Kibuye project, supported by USTDA feasibility grants as of 2023, aligning with Shankenge’s grid power needs (132KV/33KV connections).

Kyembe Mushinkula, a chemical engineer, excels in carbon capture, energy optimization, and circular economy ventures, ideal for lime (600 TPD), cement (5,500 TPD), and gypsum production. Environmental engineer Jimmy Mumbi Bwalya offers 7+ years in ISO compliance, hazardous waste management, EIAs, and ZEMA/ZABS regulations, ensuring permitting and sustainability. Electrical engineer Nahum Sikana, with 34 years in mining (e.g., Lumwana optimizations saving USD 168M/year), handles commissioning and infrastructure like roads and townships.

This multidisciplinary team’s track record in project development, FDI attraction, and regional mining value chains positions them to deliver Shankenge’s $309M vision effectively, despite early-stage status.

Stage

Growth stage

Annual Revenue (in EUR)

EUR 1,000,000 - 5,000,000

Number of employees

51-100

Total Project Cost (in EUR)

EURO 286,000,000

Financing needs (in EUR)

Financing Needs – Shankenge Industrial Park

The total capital requirement for the Shankenge Industrial Park is ~EUR 286 million (US$ 309 million), covering three anchor production facilities and supporting infrastructure.

1. 5,500 TPD Cement Plant: US$ 250 million (≈ EUR 231m)
2. 600 TPD Quicklime Plant: US$ 50 million (≈ EUR 46m)
3. 300 TPD Synthetic Gypsum Plant: US$ 9 million (≈ EUR 8m)

Financing Structure:

• Equity: Open to Foreign Direct Investment (FDI) and joint venture partnerships with Olibul Investments Ltd (project promoter and limestone resource owner).
• Debt Financing: Project finance facilities from Development Finance Institutions (DFIs), Export Credit Agencies (ECAs), and commercial lenders are being sought to complement equity.
• Blended Finance: Opportunities exist for climate-linked and circular economy concessional capital, especially for the synthetic gypsum (decarbonisation and waste valorisation) component.

Use of Funds:

• EPC and plant construction costs
• Power, water, road, and township infrastructure
• Commissioning, working capital, and contingencies

Gap: The promoters are seeking strategic equity investors and long-term debt partners to close the funding requirement, with flexibility on phased financing (cement, lime, and gypsum can be developed in sequence or parallel).

Type of financing needed

Debt; Equity

Planned allocation of fundraising capital

Greenfield (new activity for the company)