Uganda’s startup ecosystem is maturing. There is more capital flowing in from private equity (PE), venture capital (VC), and development finance institutions (DFIs). The once-nascent innovation scene is now witnessing landmark investments, scaling ventures—and increasingly, high-stakes exits. Over the past decade, East Africa has attracted more than USD6.4 billion in private equity (PE) and venture capital (VC) investments. As such, Uganda’s share is rising steadily from under 10% in 2013 to nearly 20% by 2023. Once overshadowed by Kenya, Uganda is now second only to Nairobi in regional deal flow, consistently capturing between 15–20% of all transactions. The momentum has…
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Dr. Davis Musinguzi was once hailed as a visionary for pioneering Uganda’s telemedicine frontier with Rocket Health — a bold venture that sought to redefine how millions of Ugandans accessed…
In Africa’s fast-growing business landscape, securing funding is both an opportunity and a challenge. For entrepreneurs looking to scale their businesses, two major financing paths stand out: Private Credit and Venture Capital (VC)….
Grace Munyirwa never set out to be a pharmacist. His journey into the pharmaceutical industry was purely by chance. With a background in chemistry, his original dream was to become a university professor. However, a fateful job advertisement in a newspaper changed his trajectory forever. SmithKline Beecham (now GSK) was looking for a medical representative in Uganda. Munyirwa applied, got the job, and soon found himself immersed in the pharmaceutical industry. While working at GSK, he quickly noticed where the real money was—on the other side of the pharmacy counter. This realisation led him to gather a few friends and…
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South African fintech start-up Omnisient has received a $7.5 million investment from Arise, a company that invests in African financial service providers and fintechs that advance financial inclusion. Founded in December 2019, Omnisient is a privacy-preserving data collaboration and insights platform that allows the owners and users of consumer data to collaborate to extract commercial insights without compromising consumer privacy. The technology provides a controlled, secure environment in which data can be analysed. Omnisient’s innovative approach to preserving privacy while enabling retailers, financial services and healthcare firms to collaborate on consumer intelligence has earned numerous accolades, including ‘winner for social…
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The EAVCA (East Africa Venture Capital Association) is the primary industry association for East Africa’s private equity and venture capital ecosystem. It was founded in 2013 to represent the private equity industry in East Africa, provide a voice for industry players, and promote private capital investment in the region. Since it was founded in 2013, it has tracked private capital investments in East Africa. After celebrating a decade in operation in 2023, EAVCA released a report highlighting the impact of private capital in the region. Over the last decade, private capital has become more available for entrepreneurs partly through awareness…
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I am delighted to be able to address you today on behalf of the EU, at the first EAVCA conference to be held in Uganda, and share insights on the EU actions in terms of private sector support and capital mobilisation for the private sector. I would like to start with a question: Why is the European Union, representing TeamEurope, the largest development cooperation actor in the world, in this room, at a gathering of Private Capital players? The answer is simple: we are here because we need your help and want to partner with you in order to achieve…
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Uganda recently held the 8th annual East Africa Private Equity and Venture Capital Association (EAVCA) Private Capital Conference at the swanky lakeside Speke Resort Convention Centre in Munyonyo under the theme “Adaptation and Advancement: Navigating the Next Wave of East Africa’s Investment Landscape,”. This year’s event was particularly focused on the trends that are shaping the private capital industry in East Africa, with a major focus on frontier markets like Uganda, Rwanda, Tanzania and the DRC. This conference is the premier gathering of investment professionals in East Africa and beyond. The conference attracted over 15 limited partners, over 300 delegates…
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Uganda is set to host the 8th edition of the East Africa Venture Capital Association (EAVCA) Annual Private Capital Conference on the 13th of June 2024 at Speke Resort Convention Centre in Munyonyo. “As we embark on the journey of defining the next era of East Africa’s investment landscape, the East African private capital landscape stands out as a beacon of resilience and opportunity. In the face of unprecedented global challenges, East Africa has demonstrated its ability to adapt and thrive, emerging as an increasingly attractive investment destination for private capital,” says a statement on the conference’s website. The theme…
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Startups are the lifeblood of the global economy, driving innovation, creating jobs, and shaping the future of industries. They are the engines of growth and the catalysts for societal transformation. However, the journey of a startup is fraught with challenges and uncertainties. One of the most critical aspects of this journey is the ability to raise and use capital efficiently. Startups always raise funding. This is a fundamental truth in the world of entrepreneurship. The reasons for this are manifold. Firstly, startups need capital to transform their innovative ideas into viable products or services. They need funds to hire talent,…
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