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Core corporate documents establishing the legal existence, ownership and governance of the raising entity. These are required by every institutional investor and their counsel.

• Certificate of Incorporation / Registration

  Certified copy, not older than 12 months

• Memorandum and Articles of Incorporation (MOI / Articles)

  Current and as-amended version

• CR14 / Director register (or local equivalent)

  Evidencing current directors

• Shareholders register

  Current, showing all registered holders

• Shareholders agreement (if in place)

• Tax registration certificate (ZIMRA or relevant authority)

• Operating licence or concession

  Statutory licence, special grant, or concession document — current

• Certificate of good standing

  Issued by the relevant authority within the last 6 months

• Group structure chart

  Showing all holding entities, subsidiaries and ownership percentages

Know-Your-Customer and Anti-Money-Laundering documentation required under the Raise compliance perimeter, which includes OFAC, UN, EU and SA screening obligations. All UBOs and directors are screened.

• Ultimate Beneficial Owner (UBO) register

  All individuals holding 10%+ beneficial interest

• Certified identification documents for all directors

  Passport or national ID — certified within 3 months

• Certified identification documents for all UBOs

  Passport or national ID — certified within 3 months

• Proof of address for all directors and UBOs

  Utility bill or bank statement dated within 3 months

• PEP / sanctions declaration

  Signed declaration that no director or UBO is a Politically Exposed Person or sanctions-listed individual

• Source of funds declaration

  Explanation of the commercial origin of existing capital invested in the entity

• AML / compliance policy (if the entity is regulated)

  Required if entity holds a financial services or regulated licence

• OFAC / UN / EU sanctions screening results

  Raise screens all parties — you may provide your own screen results

Audited and management financial information that investors will use to underwrite the raise. IFRS-grade audited statements are required; unaudited management accounts alone are insufficient for institutional capital.

• Audited financial statements (last 2 years)

  IFRS-compliant, signed by a recognised audit firm

• Current management accounts

  Year-to-date, not older than 60 days

• Financial projections (3–5 year)

  Income statement, balance sheet and cash flow — with assumptions documented

• Capitalisation table

  Showing current equity, debt, convertibles and options

• Bank statements (last 6 months)

  All operating accounts

• Existing debt schedule

  All loans, facilities, bonds — lender, amount, maturity, security

• Use of proceeds statement

  How the raised capital will be deployed, with timeline

Transaction-level documents that govern the investment relationship. These are typically prepared by the Raise structuring team and transaction counsel, but sponsors must be in a position to provide the underlying information.

• Indicative term sheet

  Prepared with Raise — setting out instrument, quantum, pricing and key terms

• Information memorandum / investor presentation

  Executive summary of the business, opportunity, structure and ask

• Draft subscription or investment agreement

  Prepared by transaction counsel — reviewed against Raise template

• Investor shareholders agreement (if equity component)

  Governing investor rights, board representation, drag/tag, exit provisions

• Security documentation

  Debenture, pledge, cession or other security instrument — if applicable

• Board resolution authorising the raise

  Approving the capital raise and authorising signatories

Documents governing how capital flows from investors through the Raise structure to the Zimbabwean operating entity, and how returns are repatriated. RBZ exchange-control compliance is required.

• RBZ exchange-control approval (if required)

  For inward foreign investment — required for most USD raises into Zimbabwean entities

• ZIDA investment certificate

  Zimbabwe Investment and Development Agency registration for foreign-funded projects

• Escrow or disbursement agreement

  Governing how and when capital is released to the operating entity

• Capital deployment plan

  Milestone-linked drawdown schedule where applicable

• Repatriation and exit mechanism

  How returns (dividends, principal, proceeds) are paid back through the structure

• Inter-company loan or service agreement

  Governing the relationship between the Raise SPV and the Zimbabwean operating entity