BAJ Stations

TLG Capital has announced that it is exiting its investment in BAJ Stations Uganda, after nearly 4 years. TLG invested in BAJ Stations through its Credit Opportunities Fund (COF). This is COF’s 8th exit and its 3rd in Uganda. TLG first invested in BAJ in 2017 when the business had 5 operating fuel stations. Through TLG’s investment, strategic guidance, and support of BAJ’s management team led by Norman Batuma, the business transformed into a significant fuel retailer in Uganda with over 40 fuel stations spanning the length and breadth of Uganda: from Kabale to Mt. Elgon National Park; Namugongo to…